LREsystem Ltd entered into a strategic partnership with Ortho Consulting Group (OCG) to execute all elements of their global commercialization activity.
Using 3D digital imaging, the company has developed the lateral resurfacing elbow (LRE) System, reportedly the world’s only radiocapitellar joint resurfacing system that aims to restore the elbow’s normal range of movement by restoring, not replacing, the elbow joint. The LRE System has been collecting clinical data in the UK and Europe for nearly 15 years.
The clinical data demonstrates that patients have a significant improvement in elbow function, with lower rates of complications than other surgical treatment options and faster restoration of ability.
The LRE System is being commercially launched this year and is currently commercially available in the UK and throughout the EU.
The agreement will facilitate the development and management of a network of distributors in order to engage orthopedic specialists introduce the LRE System. Under the partnership deal terms, OCG was granted an equity position in LREsystem Ltd.
OCG will also work with LREsystem to identify and connect with suitable investment partners, positioning the business to accelerate their current growth.
David Laskow-Pooley, LREsystem Ltd Director, said, “We are excited about working with OCG to fully commercially launch the LRE System and look forward to leveraging their commercial capabilities as we look to expand our reach. We believe this partnership will provide the foundation for us to further expand across other regions around the world. There are so many patients needlessly suffering from pain and lack of mobility, with their lives and ability to work hindered, we want to help these people as best we can.”
LREsystem Ltd entered into a strategic partnership with Ortho Consulting Group (OCG) to execute all elements of their global commercialization activity.
Using 3D digital imaging, the company has developed the lateral resurfacing elbow (LRE) System, reportedly the world's only radiocapitellar joint resurfacing system that aims to restore the...
LREsystem Ltd entered into a strategic partnership with Ortho Consulting Group (OCG) to execute all elements of their global commercialization activity.
Using 3D digital imaging, the company has developed the lateral resurfacing elbow (LRE) System, reportedly the world’s only radiocapitellar joint resurfacing system that aims to restore the elbow’s normal range of movement by restoring, not replacing, the elbow joint. The LRE System has been collecting clinical data in the UK and Europe for nearly 15 years.
The clinical data demonstrates that patients have a significant improvement in elbow function, with lower rates of complications than other surgical treatment options and faster restoration of ability.
The LRE System is being commercially launched this year and is currently commercially available in the UK and throughout the EU.
The agreement will facilitate the development and management of a network of distributors in order to engage orthopedic specialists introduce the LRE System. Under the partnership deal terms, OCG was granted an equity position in LREsystem Ltd.
OCG will also work with LREsystem to identify and connect with suitable investment partners, positioning the business to accelerate their current growth.
David Laskow-Pooley, LREsystem Ltd Director, said, “We are excited about working with OCG to fully commercially launch the LRE System and look forward to leveraging their commercial capabilities as we look to expand our reach. We believe this partnership will provide the foundation for us to further expand across other regions around the world. There are so many patients needlessly suffering from pain and lack of mobility, with their lives and ability to work hindered, we want to help these people as best we can.”
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