Healthcare Industry News: Interbody fusion device
News Release - January 2, 2006
VERTEBRON(TM) Inc. Proudly Announces Its Continued Expansion of Intellectual Property with the Strategic Acquisition of Nine Patents Spanning Spinal Implants and InstrumentationSTRATFORD, Conn.--(HSMN NewsFeed)--Jan. 2, 2006--VERTEBRON Inc. (VERTEBRON) is proud to announce its acquisition of new technology covered by nine patents (6 issued and 3 pending) originally developed by Medical Application Research and Development, Ltd. The patents relate to spinal implant and instrument systems. Implant related patents span bio-absorbable cervical plating & Interbody fusion devices, in addition to non-metallic screw locking and chemical bonding technologies. The acquired instrument related patents span interbody access, distraction and disc preparation technologies. This recent acquisition will continue to further expand VERTEBRON's spinal product portfolio and breadth of technologies.
Hosam Afifi, President and CEO of VERTEBRON added, "With this strategic acquisition, VERTEBRON continues to execute its long term plan to further strengthen its intellectual property through both internal product development and the acquisition of key, innovative patents. Our ongoing expansion of strategic patents continues to add great value and complements VERTEBRON's broad product and technology portfolio. We are confident that these recent patent acquisitions not only further complement our expanding base of spinal technologies, but more favorably position us with upcoming fusion and motion preservation product releases."
VERTEBRON is a privately-held, medical device company that has developed next-generation spinal implants, including artificial discs (motion preservation), cervical plates, pedicle screws and interbody fusion systems which integrate spinal, orthopaedic and total joint technologies. VERTEBRON's comprehensive product portfolio offers simplified surgical techniques with enhanced intra-operative flexibility and innovative instrumentation to spinal surgeons worldwide. For more information, please visit www.VERTEBRON.com.
While this press release contains certain forward-looking statements, actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, risks and uncertainties detailed from time to time in VERTEBRON's Business Plan and other documents and as a result of other known and unknown risks and factors.
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