The divested assets include Benvenue’s Kiva VCF treatment system, the Kiva Pilot and Blazer vertebral augmentation system devices, Santa Clara, Calif.-based Benvenue Medical said.
Benvenue said that with the sale, the company will focus on its Luna 3D interbody fusion system, and that it will continue its surgeon-focused spine device development and US operations.
“IZI Medical’s acquisition of the Kiva and associated VCF product franchise allows us to singularly focus on our minimally invasive spinal implant and procedure product line. Our best-in-class Luna 3D Expandable Interbody System is an ideal minimally invasive expandable spinal implant and platform technology, enabling Nitinol, PEEK and Titanium materials to be combined in a procedural solution for degenerative disc disease that can be treated in either the hospital or the ASC setting,” Benvenue CEO Robert Weigle said in a press release.
IZI Medical said that the acquisition will complement its existing vertebroplasty and bone biopsy lines, including its Duro-Ject, Osteo-Site, Osteo-Force, Vertefix and Murphy brands of needles, injectors and cements.
“Benvenue Medical’s Kiva vertebral body implant technology coupled with our vertebroplasty product line will allow us to offer patients a wide range of treatments for various spinal fractures. We will continue to build on their legacy with our dedicated product development team and growing sales network,” IZI Medical CEO Greg Groenke said in a prepared statement.
Steve MacMillan took over as CEO of Hologic in 2013, drawing on his experience at medtech titans like Stryker and Johnson & Johnson. Since then, Hologic has grown into a $3 billion business.
At DeviceTalks Boston, MacMillan will provide exclusive insights into the Massachusetts-based company and its evolving definition of women's healthcare. You don't want to miss it!
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