OR AKIVA, Israel, October 15, 2012 /PRNewswire/ --
Expanding Orthopedics Inc., an emerging spinal device company, announced today the appointment of Dr. Hansen Yuan, one of the leading industry experts, to the Company's Board of Directors.
"We are extremely proud and honored to add Dr. Yuan to our Board of Directors" said Mike Sherman, Director at Expanding Orthopedics Inc. and Partner at MB Venture Partners. "Dr. Yuan is a global key opinion leader in spine surgery with great engineering and technical skills. His extensive clinical and research experience will allow him to immediately add value to the company, both on product development and industry collaboration".
"What attracts me to Expanding Orthopedics is its unique and broad intellectual property portfolio and their extensive product pipeline addressing real, unmet needs in the market and offering unique solutions for surgeons to provide great care to their patients" commented Dr. Yuan. He added that "the Company's first product, the XPED Expanding Pedicle Screw System™ addresses a crucial clinical need found in about 20% of patients undergoing spinal fusion today. Currently some of these patients receive none or sub-optimal treatments because of the lack of approved techniques and available device."
Dr. Hansen Yuan is Professor of Orthopedic and Neurological Surgery at State University of New York, Upstate Medical University in Syracuse, New York, has held numerous leadership positions in several spine societies and is a past president of the North American Spine Society (NASS). Dr. Yuan serves as Editor in Chief of the ISASS on Line Journal and is the author of numerous publications on spine pathologies and treatments. Dr. Yuan has advised several market leaders in the spine industry and has been extensively involved in product development with these organizations and through his own innovative inventions and entrepreneurial efforts.
"We are very pleased with the current results of our European release of the XPED Expanding Pedicle Screw System™" said Mr. Ofer Bokobza, CEO of Expanding Orthopedics Inc. Mr. Bokobza added that "EOI is the in the midst of several exciting challenges, including the launch of two innovative products into the international market in 2013: a minimal invasive XPED system with enhanced fixation features as well as a new MIS cage based on an innovative 'Guided 3D Expansion Technology' for maximum stability and ease of use". Mr. Bokobza concluded that "we are very excited to have Dr. Yuan joining EOI Board and are confident he will contribute immediately to our product development pipeline as well as our US and China penetration strategy."
About Expanding Orthopedics Inc.
Expanding Orthopedics Inc. is a privately owned company whose mission is to develop innovative orthopedic products that augment the natural healing process of the body, preserve healthy bone and improve long-term patient outcome. The Company is spearheaded by a seasoned management team with proven industry experience, and is backed by prominent spine surgeons from the US and Europe. EOI owns a broad intellectual property portfolio covering the CE Marked XPED Expandable Pedicle Screw System™ and additional spine and orthopedic applications.
David Elkaim, VP Marketing and Sales
SOURCE Expanding Orthopedics Inc.