WARSAW, Ind., April 22, 2019 (GLOBE NEWSWIRE) — OrthoPediatrics Corp. (“OrthoPediatrics”) (NASDAQ: KIDS), a company exclusively focused on advancing the field of pediatric orthopedics, is pleased to announce a sublicense agreement with CoorsTek Medical for rights to its Variable-Angle technology that will be commercialized in OrthoPediatrics’ PediFoot system expected to launch later this year. This innovative technology design, called StarLoc, due to the unique star-shaped design of the screw head, provides five points of fixation between the screw and the corresponding plate implant. The design can accept both locking, and non-locking screws, which have up to 30 degrees of conical freedom.
Joe Hauser, OrthoPediatrics’ Vice President of Trauma and Deformity Correction, commented, “With the adoption of this innovative technology, we have the potential to further transform pediatric deformity correction and trauma surgery. We are eager to partner this technology into existing systems along with current development projects to enhance the field of pediatric orthopedics.”
About CoorsTek Medical
CoorsTek Medical is the partner of choice for medical innovators and medical device providers worldwide whose success requires access to leading-edge medical device development and contract manufacturing. The company offers the specialized knowledge, experience, world-class infrastructure and proven processes required to get medical device innovations to market quickly and successfully. By working together with our partners in the medical device community, we are making lives measurably better each and every day. For more information, please visit www.coorstekmedical.com.
About OrthoPediatrics Corp.
Founded in 2006, OrthoPediatrics is an orthopedic company focused exclusively on providing a comprehensive product offering to the pediatric orthopedic market to improve the lives of children with orthopedic conditions. OrthoPediatrics currently markets 26 surgical systems that serve three of the largest categories within the pediatric orthopedic market. This offering spans trauma & deformity, scoliosis, and sports medicine/other procedures. OrthoPediatrics’ global sales organization is focused exclusively on pediatric orthopedics and distributes its products in the United States and 39 countries outside the United States.
Investor Contacts
The Ruth Group
Tram Bui / Emma Poalillo
(646) 536-7035 / 7024
tbui@theruthgroup.com / epoalillo@theruthgroup.com
