Zimmer hammers out a deal with SpineCraft for its Apex device

July 10, 2013 by Sony Salzman

Zimmer formalizes a deal with SpineCraft the rights to its Apex spinal screw device, launching sales in the U.S., Canada, New Zealand and Australia.

Zimmer hammers out a deal with SpineCraft for its Apex device

With Zimmer (NYSE:ZMH) still reeling from a 10% slide in its spine business, the orthopedic device maker announced a deal with SpineCraft, maker of the Apex spine correction device.

The long-term distribution deal allows Zimmer Spine to market Apex in the U.S., Canada, New Zealand and Australia, according to a press release.

SpineCraft's Apex device, which won FDA 510(k) clearance in 2006, is a screw system that stabilizes spinal deformities. Zimmer said the deal is part of an expanding portfolio for its spine department.

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"The Apex Spine System represents a true union of intuitive design and engineering excellence," said Zimmer Spine president Steve Healy in prepared remarks. "These innovative implants and instrumentation offer powerful correction capabilities with excellent intraoperative flexibility." 

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