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Product / Company Performance

Implanet Books First Orders Supporting Kico Knee and SeaSpine Partnerships -

Implanet received its first orders related to its distribution agreements with Kico Knee Innovation and SeaSpine. The orders total €0.4MM, combined (USD $0.5MM). Implanet's agreement with Kico serves markets in Australia and the U.S. Once a threshold of 1,000 implants in a 12-month period is reached, Kico will gain exclusive rights to Madison implants in these countries, with a manufacturing license option. The SeaSpine private label distribution agreement covers commercialization of Implanet's Jazz® range in the U.S. The initial six-year term includes contractual annual minimum payments and gives SeaSpine exclusive access to co-developed products utilizing Jazz technology. Private label production of these products will commence shortly, with deliveries scheduled for 2019. (Implanet, 6/24/19)