News: Atlas Spine Licenses True Position® Pivoting Spacer System Patents to Spine Wave
JUPITER, FL--(Marketwired - February 29, 2016) - Medical device company Atlas Spine, Inc. today announced the exclusive license of its True Position® Pivoting Spacer system patents and transfer of related assets to Spine Wave, Inc.
The novel and patented Center Pivot Point Technology of the True Position® Spacer provides a powerful and controlled mechanical advantage, allowing the surgeon to more easily and accurately position the interbody spacer. Additionally, the True Position® Pivoting Spacer System can be implanted using minimally invasive techniques. This innovative platform also includes the new True Position® XL system which provides implants designed for posterior procedures but with an implant "footprint" comparable to that experienced with lateral and anterior devices. Spine Wave's acquisition of the technology allows the company to provide appealing new solutions and will immediately strengthen Spine Wave's competitive market position.
The agreement with Spine Wave includes a component for Atlas to develop additional product variants utilizing the licensed technology. "This validates Atlas as an innovative, spinal device product development company. We are very pleased and excited to work collaboratively with Spine Wave to develop the True Position® product line to its full potential," stated Matt Baynham, Atlas' Chief Technology Officer. Douglass Watson, Chief Executive of Atlas, added, "Spine Wave is an excellent choice as a strategic partner to expand the clinical availability and distribution of True Position®products."
Atlas Spine, Inc. is a medical device company focused on designing, developing and launching innovative spine and minimally invasive spine technologies and techniques used by spine surgeons to treat a variety pathologies. With 27 new product systems currently in the development pipeline supported by 28 issued patents and 21 patents-pending, Atlas Spine is at the forefront of spinal technology advancement.