SeaSpine Overview
SeaSpine Inc is a medical technology company focused on the design, development, and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders.SeaSpine has a comprehensive portfolio of orthobiologics and spinal hardware solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic, and cervical spine. In 2016, SeaSpine acquired the Israeli company NLT Spine, which now serves as an R&D center. NLT makes a line of minimally invasive spinal implants for lumbar fusion procedures that are designed to expand after implantation.
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SeaSpine to acquire NLT, boosting MIS product offering - 5 key points
SeaSpine, a medical technology company, has signed an agreement to acquire NLT Spine, a medical device company. SeaSpine will acquire substantially all of NLTs assets, including their product portfolio of minimally invasive spine surgery products. The acquisition involves an upfront cash payment, issuance of common stock, milestone payments, and future royalties. SeaSpine plans to enhance NLTs products before the full commercial launch. The acquisition will not change SeaSpines 2016 revenue guidance, and they plan to pay up to $1.7 million for acquisition considerations and fees in 2016.
Acquisition
Team Members
1
Employees: 11-50
Web & Social Links
| Website | www.seaspine.com |
Locations
Yad Harutsim Street 6, Kfar Saba, Israel
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