Healthcare Industry News: total ankle
News Release - April 9, 2007
INBONE Technologies, Inc. and Reiley Orthopedic, Inc. Complete MergerBERKELEY, Calif.--(HSMN NewsFeed)--INBONE Technologies, Inc. (formerly Topez Orthopedics), maker of the INBONE(TM) total ankle System, today announced the completion of a merger transaction with Reiley Orthopedic, Inc., maker of an innovative intra-medullary fusion system. The union of these extremity orthopedics companies creates a comprehensive surgical product line for the treatment of severe foot and ankle arthritis.
Jeffrey Dunn, CEO and President of INBONE, commented, "The under-served lower extremity market is ripe for new technologies and both these product lines are being called game-changing and revolutionary. Leading surgeons across the country are quickly adopting these products to deliver better results for their patients, and with our combined forces, we anticipate a fantastic 2007 for INBONE Technologies."
The INBONE total ankle is poised to become the only long-term reliable solution on the market and dozens of surgeons have begun to implant this long awaited product. This high-performance modular prosthesis is installed via a mechanized intra-medullary alignment system, resulting in precise, reproducible installation and longer projected implant life.
As well, the fusion system developed by Reiley Orthopedic is positioned to subsume the enormous foot and ankle fusion market which in the past was dominated by screws and plates. This revolutionary system utilizes intra-medullary rods and plates to fuse from within. Made from titanium with a porous plasma spray coating, the fusion implants utilize bony in-growth technology to create a stronger construct than traditional steel screw and plate systems.
Over 150 INBONE fusion implants have been installed and the results are showing faster fusion times and lower infection rates without the nerve damage that can occur with external screws and plates.
Mark A. Reiley, MD, INBONE Chief Medical Officer, stated, "We are excited to have these companies together and are optimistic that the shareholders will benefit greatly from this combination. By pooling our resources, we will also be able to better serve the doctors who implant these products."
The newly merged company will be headquartered in Berkeley, California with engineering and manufacturing operations located in Boulder, Colorado.
INBONE Technologies is a medical innovator of surgical treatments for foot and ankle arthritis. The company is committed to providing effective solutions for orthopedic surgeons and their patients with arthritis and chronic pain to help restore mobility and improve the quality of life. For more information, visit www.inbone.com.
Source: INBONE Technologies
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