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Diving brief:
- Medtronic bought Nano Surface Technology de Nanovis for use in its fusion implants of the new generation spine.
- Nanovis, who revealed the agreement on Tuesday, developed a nanotechnology to improve the speed and consistency of bone growth. The company has its own portfolio of spine devices.
- Medtronic will use technology to develop interbody interbody fusion devices that improve the implant fixation. Technology could help bones grow and merge with the implant.
Diving insight:
Food and Drug Administration Nanovis adaptix erased PEEK Interbody System for use in the United States last year. Nanovis has created a scaffolding with nanotubes and incorporated calcium and phosphate to fix the implant in the spine.
Now the company provides its technology for use with Medtronic PEEK implant conceptions, Brian More said in a press release from the CEO of Nanovis in a statement. Medtronic’s commercial scale in fact “an ideal partner” to take technology on the market, said more.
The agreement follows a growth period for Medtronic on the spine market. Medtronic 7% growth reported In the United States, the spine and biological in its last quarterly results. The company has attributed growth to its creation of a portfolio of spine implants and enabling technologies, including planning software, imagery, robotics, navigation and powered surgical instruments.
The CEO of Medtronic Geoff Martha said during a profit call In November, the extent of the wallet is a force.
“We see a little expansion of the market here. We also see a little consolidation of the market, ”said Martha. “There is a large tail of vertebral column companies that disappear and … this market leans towards those who have the scale and technology.”
Martha extended At the JP Morgan Healthcare conference last month, telling participants that there was a transition to a technology -based market. Financial capacities and scale are necessary to succeed in the new market, said the CEO, which changes competitive dynamics and “stimulates very strong growth that we have not seen in the spine for decades”.