Through the agreement, ConMed and its subsidiaries will have the right to market products and techniques for knotless double row rotator cuff repair. The companies said that approximately 1/3rd of the rotator cuff repairs in the US use the technique for the anatomic reattachment of tendons.
“We are proud to have our innovation recognized by ConMed. Previously we announced our licensing agreements with Smith & Nephew, Inc. and Mitek, a Johnson & Johnson Company for the same patents. I am pleased with the licensing arrangement with these three world leaders and knowing KFx’s valuable double row knotless rotator cuff technology will reach even more patients,” KFx Medical prez & CEO Tate Scott said in a press release.
The companies did not release any financial or other details of the licensing deal.