Transaction to expand Orthofix's Spine Fixation portfolio with innovative artificial disc designed to restore natural and physiologic motion to the spine.
"The Spinal Kinetics M6™ artificial discs will further
strengthen Orthofix's product portfolio by filling a strategic gap in
our Spine Fixation product line. This technology is a significant
advancement in mimicking the natural motion of the spine, which we
believe will be very beneficial to patients and well received by our
surgeon customers," said
Spinal Kinetics manufactures and distributes the M6-C cervical and M6-L lumbar artificial discs for patients suffering from degenerative disc disease (DDD) of the spine. These unique discs are designed to mimic the anatomic structure of a natural disc by incorporating an artificial visco-elastic nucleus and fiber annulus. This allows for six degrees of motion, similar to a natural disc.
"Artificial disc replacement is increasingly being indicated as the
superior surgical solution to the traditional spinal fusion because it
maintains normal motion of the spine and in many cases lessens the
chance of future surgery. However, the designs of the first-generation
artificial discs, much like total hip replacement, were based on the
ball-and-socket concept which does not take into account the natural
compression of the native disc," said Dr.
The M6 artificial discs currently have CE Mark approval for distribution
"We look forward to becoming a part of the
The transaction is anticipated to close in the second quarter of 2018,
subject to customary closing conditions.
In connection with the transaction, Canaccord Genuity is acting as a financial advisor to Spinal Kinetics.
Orthofix Conference Call
Orthofix International N.V. is a global medical device company focused on musculoskeletal healing products and value-added services. The Company's mission is to improve patients' lives by providing superior reconstruction and regenerative musculoskeletal solutions to physicians worldwide. Headquartered in Lewisville, Texas, the Company has four strategic business units: BioStim, Extremity Fixation, Spine Fixation, and Biologics. Orthofix products are widely distributed via the Company's sales representatives and distributors. For more information, please visit www.orthofix.com.
Founded in 2003, Spinal Kinetics is a privately held medical device
company focused on partnering with spine surgeons to develop innovative
and practical motion preservation systems for treating degenerative
diseases of the spine. The M6-C cervical and M6-L lumbar artificial
discs have rapidly established themselves among the leading artificial
discs available due to the unique biomechanical properties that
replicate the motion of a natural disc and the positive clinical
outcomes for patients. The company is located in
Forward Looking Statements
This communication contains certain forward-looking statements under the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements, which may include, but are not limited to, statements
concerning the estimates, projections, financial condition, results of
operations and businesses of
The forward-looking statements in this release do not constitute
guarantees or promises of future performance. Factors that could cause
or contribute to such differences may include, but are not limited to
risks, including the possibility that the deal might not close,
difficulties commercializing Spinal Kinetics' products and integrating
their product lines into Orthofix's business, inaccuracies in Orthofix's
estimates and projections of future product sales, including the current
and future size of the worldwide and
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