Coventus Orthopaedics, Inc., a medical device company whose focus is on continuous development of fracture treatment, announced this month that they have acquired all the assets of IntraFuse, LLC.
IntraFuse has developed proprietary intramedullary implants for minimally invasive repair of bone fractures and are known for their FlexThread impants, which are FDA cleared and protected by 5 issued patents and 8 pending patents. This acquisition is the beginning of Conventus’ planned expansion into lower extremity orthopedics.
According to an in-depth study conducted by iData, ankle arthroplasty is experiencing procedural growth, due to increasing surgical confidence in the long-term durability of the implanted devices. Though the operation is technically challenging, improvements in surgical technique have meant that the number of device revisions has decreased. Conventus is an early-stage company focused on delivering a new standard for orthopedic fracture treatment. Their specialization includes complex and fragility fractures, where there is a significant unmet need and lack of treatment options. This will help drive growth and development in the foot and ankle segment of the small joint reconstruction market.
Rick Epstein, CEO of Conventus Orthopaedics, made a statement on IntraFuse’s FlexThread technology,
“The FlexThread technology offers unique, minimally invasive and easy to use intramedullary products for small bone fractures. These products complement our intramedullary CAGE products for large bone peri-articular fractures. With the backing of our lead investor, Deerfield Management, this acquisition is a first step of what will be an aggressive transformation from a single product company into a formidable orthopaedic supplier. I have high expectations for continued business development activity coupled with development of proprietary devices.”
For Further Information
To get in an in-depth global (19 countries) market analysis which includes in-depth interviews and procedural volumes, please read iData Research’s’ 1657 page titled Small Bone and Joint Devices Market Analysis, Size, Trends Report.