Expanding Orthopedics Achieves Over 100% Sales Growth in Second Half of 2016
OR AKIVA, Israel, January 9, 2017 /PRNewswire/ —
Expanding Orthopedics Inc. (EOI), a privately held medical device company focused on developing and commercializing innovative expandable devices for spine surgery, today announced that it has achieved substantial growth of its innovative FLXfit™ expandable cage in the second half of 2016, with more than 100% revenue growth compared to the same period in 2015.
David Elkaim, VP Sales & Marketing says that “This growth continues to demonstrate the rapid surgeons’ adoption of the company’s unique FLXfit articulated and lordotic expandable cage”. He added “The last six months of 2016 have seen an accelerated growth with US surgeons adopting the FLXfit as their preferred TLIF, expandable option. Part of the growth can be attributed to the overall uptake in the usage of expandable cages, specifically titanium-based for open and MIS approaches. The FLXfit continues to maintain its uniqueness in the market as it’s the largest expandable TLIF cage and the only one with a unique in-situ lordosis restoration mechanism that can be dialed in to fit the patient’s unique anatomy”. David explains that “the substantial increase in sales this year reflects the growing awareness of restoring the segmental lordosis to enhance the sagittal balance and obtain improved long term clinical outcome.”
Ofer Bokobza, CEO of Expanding Orthopedics, commented “we are very pleased with this continuous growth as it demonstrates our ability to deliver innovative products, answering unmet clinical needs. This achievement stands as a testament to our commitment for high quality products and excellent customer support from our teams and partners”. “We are excited with the growing number of surgeons integrating the FLXfit™ in their practices”, said Ofer. He added “This past year has marked a significant inflection point for the company, and a preview to our near term plans. We look forward to a continued FLXfit success in 2017 and the release of additional innovative products following the FLXfit footsteps.”
Expanding Orthopedics Inc. is medical device company developing and marketing innovative products designed to address unmet clinical needs for spine care and improve long-term patients’ outcome. EOI is spearheaded by seasoned management team and backed by prominent spine surgeons. EOI owns a broad patent portfolio around anatomically fit, expandable devices for enhanced stability through an MIS approach.
David Elkaim, VP Marketing and Sales