OR AKIVA, Israel, July 1, 2014 /PRNewswire/ --
Expanding Orthopedics Inc. (EOI), a privately held medical device company focused on developing and commercializing innovative expandable devices for spine surgeryis proud to announce that its novel FLXfit™, 3D expandable interbody cage has received the CE Mark and is now cleared for commercialization in Europe.
Ofer Bokobza, CEO of Expanding Orthopedics, said that "We are very excited with this significant milestone as the FLXfit™ will be the first TLIF cage available worldwide with the 3D expanding capability". He explained that "FLXfit's innovative design is based on EOI's expanding devices' IP portfolio enabling an 'all-in-one' solution for interbody fusion. The FLXfit[TM] combines minimal invasive access, maximum footprint support, large bone graft chamber with unique lordotic expansion for optimal anatomical fit".
Mike Sherman of MB Venture Partners, long time spine industry veteran, investor and director at EOI stated "the $2B market for interbody fusion devices has experienced very limited innovation over the last few decades, considering cages only as spacers or bone graft chambers. New technologies that enable in-situ expansion are now driving amazing growth in this market segment, leading to active and aggressive M&A activity in the last 18 months". Mike added that "My past involvement in the development of minimally invasive spinal implants has confirmed to me that surgeons are looking for solutions that enable them to restore the anatomical balance in the lumbar spine instead of only stabilizing it. I'm very excited about EOI's FLXfit™, as it will enable surgeons to provide gentle correctionwith an intra-operative expanding device , while restoring the patient's anatomy with FLXfit's unique lordotic expansion".
Mr. Ofer Bokobza, stated that "the FLXfit™ represents a game-changer for minimally invasive treatment for lumbar degenerative disc disease while restoring sagittal balance. The articulated self-guidance feature enables easy and optimal access while providing large footprint coupled with controlled expansion for lordotic correction. He further explained that "we plan to initiate surgeries in Europe in the coming weeks with pre-defined centers followed by full release in selected territories. We feel a lot excitement from the medical community and distributors and believe that the FLXfit™ will provide a revenue boost in combination with our unique XPED™ Expandable Pedicle Screw System."
About Expanding Orthopedics Inc.
Expanding Orthopedics Inc. is a venture backed, medical device company developing and marketing innovative products designed to address unmet clinical needs for spine care and improve long-term patients' outcome. The Company is spearheaded by seasoned management team with proven industry experience, and is backed by prominent spine surgeons. EOI owns a broad patent portfolio around anatomically fit, expandable devices for enhanced stability and fixation through a minimally invasive approach.
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SOURCE Expanding Orthopedics Inc.