BORDEAUX, France & BOSTON–(BUSINESS WIRE)–Regulatory News:
IMPLANET (Paris:ALIMP) (OTCQX:IMPZY) (Euronext Growth: ALIMP, FR0010458729, PEA-PME savings plans eligible; OTCQX: IMPZY), a medical technology company specializing in vertebral and knee-surgery implants, announces that its JAZZ Lock®technology, which is an integral part of its JAZZ™ solutions platform, has been granted a patent in the United States.
A major component of the broadest range of band products on the market, JAZZ Lock® is a multi-purpose implant designed to treat degenerative spine disorders. Thanks to its locking mechanism requiring no rod fixation, its use with a JAZZ Band polyester braid allows surgeons to shorten and simplify the surgical procedure by eliminating two steps used in traditional systems: locking screws and connecting rods.
Since its launch, Implanet has sold more than 1,700 JAZZ Lock® devices, mainly for the treatment of degenerative spine disorders.
The new patent in the United States, a strategic and competitive market, is a valuable addition to Implanet’s JAZZ™ platform patent portfolio. The JAZZ Lock® innovative locking mechanism, which requires no rod fixation, is an integral part of JAZZ Cap®, a comprehensive, proprietary solution used to secure screws in poor quality bone, as required in 10-30% of vertebral fusion cases in adult patients1.
Implanet CEO Ludovic Lastennet said: “We are continuing to execute our development strategy, in which protecting our innovations is a top priority. Protecting the JAZZ Lock® intellectual property is crucial, as most of our future developments, including the JAZZ Cap®, will leverage this technology. Along with our partners, we expect that JAZZ Cap® coupled with JAZZ Lock® will become the optimal alternative to cement augmented pedicle screws. The full-scale launch of this technology is scheduled for September, when a global presentation will be given at the annual meeting of the North American Spine Society (NASS) in Chicago.”
Forthcoming Implanet conferences:
– SRS (Scoliosis Research Society), September 18 -20, Montreal, Canada
– NASS (North American Spine Society), September 25-27, Chicago, USA
Next press release: 2019 First half results, 23 September after market close
Founded in 2007, Implanet is a medical technology company that manufactures high-quality implants for orthopedic surgery. Its flagship product, the JAZZ® latest-generation implant, aims to treat spinal pathologies requiring vertebral fusion surgery. Implanet’s tried-and-tested orthopedic platform, which is based on perfect control over the traceability of its products, provides it with a proven ability to promote this innovation. Protected by four families of international patents, JAZZ® has obtained 510(k) regulatory clearance from the Food and Drug Administration (FDA) in the United States and the CE mark. Implanet employs 38 staff and recorded 2018 sales of €6.7 million. For further information, please visit www.Implanet.com. Based near Bordeaux in France, Implanet established a US subsidiary in Boston in 2013. Implanet is listed on Euronext™ Growth market in Paris. The Company would like to remind that the table for monitoring the equity line (OCA, OCAPI, BSA) and the number of shares outstanding, is available on its website: : http://www.implanet-invest.com/suivi-des-actions-80
This press release contains forward-looking statements concerning IMPLANET and its activities. Such forward looking statements are based on assumptions that IMPLANET considers to be reasonable. However, there can be no assurance that the anticipated events contained in such forward-looking statements will occur. Forward- looking statements are subject to numerous risks and uncertainties including the risks set forth in the registration document of IMPLANET registered by the French Financial Markets Authority (Autorité des marchés financiers (AMF)) on April 16, 2018 under number D.18-0337 and available on the Company’s website (www.implanet-invest.com), and to the development of economic situation, financial markets, and the markets in which IMPLANET operates. The forward-looking statements contained in this release are also subject to risks unknown to IMPLANET or that IMPLANET does not consider material at this time. The realization of all or part of these risks could lead to actual results, financial conditions, performances or achievements by IMPLANET that differ significantly from the results, financial conditions, performances or achievements expressed in such forward-looking statements. This press release and the information it contains do not constitute an offer to sell or to subscribe for, or a solicitation of an order to purchase or subscribe for IMPLANET shares in any country.
1 Source: 2015 Health Advances study