Healthcare Industry News: vertebral fusion
News Release - January 11, 2007
Synergetics USA, Inc. Taps the Spinal MarketsO'FALLON, Mo., Jan. 11 (HSMN NewsFeed) -- Synergetics USA, Inc. (Nasdaq: SURG ) announced today the sale of the first Sonopet OmniŽ ultrasonic aspirator for use exclusively in spinal surgeries. This unit will be utilized for discectomies and intravertebral fusions and will utilize the Long Claw(TM) surgical tip, allowing surgeons to use its additional length to reach new depths within the spine.
"We are very excited about the opportunity to offer OmniŽ units for spinal surgeries," said Gregg D. Scheller, Chief Executive Officer and President of Synergetics USA, Inc. "This product is unique to the market and provides surgeons with a device which is configured specifically for emerging, minimally invasive surgical techniques in the spine."
Mr. Scheller continued, "The sale of the OmniŽ outside of intracranial neurosurgery further enhances our growing product line and introduces the OmniŽ to a market ten-fold greater in size than the traditional market. This allows Synergetics to take another important step down our strategic path by introducing the use of our capital equipment into other minimally invasive microsurgery procedures."
This initial sale concludes an approximate nine month initiative to commercialize the OmniŽ for spinal surgery applications.
About Synergetics USA, Inc.
Synergetics USA, Inc. resulted from the September 2005 combination of Valley Forge Scientific Corp. and Synergetics, Inc., bringing together their respective unique capabilities in bipolar electrosurgical generators and design, and manufacture of microsurgical hand instruments. Synergetics USA, Inc. designs, manufactures and markets medical devices for use primarily in ophthalmic surgery and neurosurgery and for other healthcare applications. Its products are designed and manufactured to support micro or minimally invasive surgical procedures. In addition to its surgical devices and equipment, it designs and manufactures disposable and non-disposable supplies and accessories for use with such devices and equipment. It also manufactures and sells bipolar electrosurgical generators and other generators, based on its DualWave(TM) technology, and complementary instrumentation and disposable products for use in neurosurgery, spine surgery, pain control and in dental applications. Synergetics sells its products primarily to hospitals, clinics and surgeons in approximately 70 countries.
Some statements in this release may be "forward-looking statements" for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important facts that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These facts, risks and uncertainties are discussed in our Annual Report on Form 10-K for the year ended July 31, 2006, as updated from time to time in our filings with the Securities and Exchange Commission.
Source: Synergetics USA
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