Orthofix Medical entered into a purchase agreement with Wittenstein to acquire assets associated with the FITBONE® intramedullary lengthening system for limb lengthening of the femur and tibia bones. The transaction is slated to close within 1Q20. Other potential applications in preliminary development include the FITSPINE® system to treat early onset scoliosis.
Terms of the agreement include $18 million in cash closing consideration and a manufacturing supply contract with Wittenstein.
FITBONE complements Orthofix’s present lengthening devices that include the TL-HEX™ computer-assisted ring fixation system and the eight-Plate Guided Growth System™ for pediatric patients. The system includes an intramedullary lengthening nail, an external control set that manages distraction, and the FITBONE app for patient guidance throughout treatment. FITBONE has been used in 3,500 cases, globally.
Orthofix Medical entered into a purchase agreement with Wittenstein to acquire assets associated with the FITBONE® intramedullary lengthening system for limb lengthening of the femur and tibia bones. The transaction is slated to close within 1Q20. Other potential applications in preliminary development include the...
FITBONE Limb Lengthening System
Orthofix Medical entered into a purchase agreement with Wittenstein to acquire assets associated with the FITBONE® intramedullary lengthening system for limb lengthening of the femur and tibia bones. The transaction is slated to close within 1Q20. Other potential applications in preliminary development include the FITSPINE® system to treat early onset scoliosis.
Terms of the agreement include $18 million in cash closing consideration and a manufacturing supply contract with Wittenstein.
FITBONE complements Orthofix’s present lengthening devices that include the TL-HEX™ computer-assisted ring fixation system and the eight-Plate Guided Growth System™ for pediatric patients. The system includes an intramedullary lengthening nail, an external control set that manages distraction, and the FITBONE app for patient guidance throughout treatment. FITBONE has been used in 3,500 cases, globally.
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