Healthcare Industry News: Novo Ventures
News Release - October 1, 2008
Facet Solutions Establishes Corporate Headquarters and Expands Executive TeamHOPKINTON, Mass., Oct. 1 (HSMN NewsFeed) -- Based on the clinical success of its facet replacement technology, Facet Solutions, Inc. today announced that the company has expanded its executive management team and established its corporate headquarters in Hopkinton, MA. "The move to Massachusetts allows us to consolidate our operations in one location," explained President and CEO Geoff Pardo. "It also gives us access to a wealth of talent in the medical device and spine industry."
Joining Facet Solutions' executive team as Vice President of Clinical Trial Operations is Susan Hedden. "Susan brings tremendous expertise in spine, and in clinical trial management to our company," said Geoff Pardo. "We are fortunate to be attracting top-level talent and this will allow us to continue effectively executing our clinical study." Ms. Hedden comes to Facet Solutions from Applied Spine where she was the General Manager of Clinical Operations.
Facet Solutions, Inc. has developed the Acadia(TM) Facet Replacement System (AFRS(TM)) to provide patients with lumbar spinal stenosis and facet degeneration -- a motion preserving alternative to lumbar spinal fusion. The Acadia(TM) procedure includes replacement of the diseased facet joint with an anatomic implant and traditional pedicle screws that restore the natural motion, stability, and balance to the lumbar spine.
*Note: AFRS(TM) is an investigational device in the United States. It is limited by United States (U.S.) Federal Law for investigational use only.
About Facet Solutions
Facet Solutions, Inc. is a privately held, venture-backed company focused on development and commercialization of surgical devices for the treatment of facet-related spinal disorders. Facet Solutions has received venture capital from its partners De Novo Ventures, Pequot Ventures, and Spray Venture Partners. Facet Solutions is FDA registered and is certified to ISO 13485. The company will be attending the upcoming North American Spine Surgeons Meeting in Toronto, Ontario (booth #1406)
Source: Facet Solutions
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