Trinity Orthopedics Today Announced the Acquisition of Expanding Concepts LLC’s Patent Portfolio
SAN DIEGO, Sept. 16, 2013 /PRNewswire-iReach/ — Trinity Orthopedics, a spine technology company, today announced the acquisition of Expanding Concepts LLC’s patent portfolio. This is an essential step in completing the development of an expandable interbody technology offering.
The US Market for Spinal Implants expects the interbody fusion market to remain in the low single digits through 2019. The expandable sub-segment will see CAGRs approaching 30%. This surge in demand is largely attributed to the benefits of minimizing complications due to larger surgical sites and over distraction of involved nerves. In addition, time in the operating room and reducing postoperative pain for patients is sited as major contributors.
James F. Marino, M.D., CEO and founder of Trinity Orthopedics stated “we believe we have a very strong proprietary position in this area of intense industry interest.” As the former founder of NuVasive, Inc. (NASDAQ: NUVA), Dr Marino continues to pursue technology that assist in restoring and maintaining the natural biomechanics of the spine while ultimately ensuring patient safety and outcomes.
ABOUT TRINITY ORTHOPEDICS
Trinity Orthopedics is a medical device company that develops and markets products intended to reduce the complications associated spine surgery. Products include the ReStor™ posterior fixation system and the Corex™ minimally invasive autograft bone harvester. The ReStor™ system features the first and only sagittally stable, monoplanar polyaxial pedicle screw. Trinity was founded by Dr. James Marino, who is a practicing orthopedic surgeon and a recognized innovator in minimally invasive spine surgery. Dr. Marino also founded NuVasive, Inc. (NASDAQ: NUVA), where he developed commercially successful spinal fusion procedures and product systems. Seventeen US patents have previously been granted to Trinity Orthopedics, and seventeen patents are pending surrounding minimally invasive surgical technique, implantable devices, and supporting instrumentation. For more information, please visit our website at www.trinity-ortho.com
