Welcome: Guest | Site Use Options | Register | Login |

Exactech acquires XpandOrtho

Awardee Story Exactech acquires XpandOrtho
Date: Mar 12, 2019

Source: Mass Device ( click here to go to the source)

Exactech (NSDQ:EXAC) said today that it acquired knee replacement surgery instrument maker XpandOrtho for an undisclosed amount.

Gainesville, Fla.-based Exactech said that it plans to incorporate XpandOrtho's soft tissue balancing technology into its ExactechGPS computer-assisted surgery system designed to support shoulder and knee replacements.

"This allows our technology, which has been in development for more than seven years, to be brought to market for the benefit of surgeons and their patients," founder Dr. Clifford Colwell said in a prepared statement.

XpandOrtho won FDA clearance in 2017 for an electronic soft-tissue balancing instrument intended for total knee arthroplasty. The tool uses multiple sensors within a knee joint to guide soft tissue balancing, and a novel pneumatic-based bellows system which wirelessly communicates with a display to provide gap balancing feedback throughout the knee's range of motion, the companies said.

"The acquisition of XpandOrtho supports Exactech's growth strategy and commitment to improving surgeon experience and patient outcomes. Their innovative ligament balancing technology provides a strong framework for integration into our ExactechGPS system to further advance our award-winning Truliant total knee system. We look forward to collaborating with XpandOrtho founders Cliff Colwell and Darryl D'Lima on continued development of advanced knee replacement technology," Exactech CEO David Petty said in a press release.

Last March, Exactech said that it won FDA clearance for its Equinoxe stemless shoulder prosthesis designed to be compatible for use with the Equinoxe shoulder system.

News Bureau

Your OPPORTUNITY to upload into this extensively used SBIR-STTR Tracking system

  • Published articles about YOUR SBIR-involved firm
  • Press releases for pick-up by other sources
  • Professional papers; White papers; relevant Business materials

It is a rare issue of the major Business Press - WSJ; New York Times; Washington Post - and regional equivalents; magazines of similar importance - The Economist, Fortune, Forbes etc - and now a wealth of electronic communications and daily news feeds that does not include reference to, or articles about, one/more SBIR-STTR Awardees. With the focus usually on what the firm is about - their technical achievement or business emphasis - it is an unusual coverage that even mentions their SBIR involvement. An integral part of the extensive range of data we continuously assembled in our system on all SBIR-STTR involved firms includes this type of press coverage.  Much that we gather includes firms no longer SBIR involved or still in business, nor now eligible. ...more

Contact information

Innovation Development Institute, LLC

   45 Beach Bluff Avenue, Suite 300
     Swampscott,  MA 01907-1542

  Tel:  (781) 595-2920

  support@inknowvation.com