The deal, which closed on Monday, includes Atlanta-based MedShape’s ExoShape femoral and tibial soft tissue fasteners designed to fixate soft tissue grafts in anterior cruciate ligament reconstructive surgery.
“The ExoShape system has represented a valuable portion of MedShape’s business since 2011, and this acquisition further demonstrates the success of the development and commercialization efforts invested in the product. While we will certainly miss serving our patients, doctors and distributors with this product line, we look forward to focusing our efforts towards growing our core foot and ankle business with new investments,” CEO Kurt Jacobus said in a press release.
The ExoShape ACL fixation system is manufactured out of shape memory PEEK Altera, with low-profile shaped fasteners for easy insertion which expand upon deployment to compress and secure soft tissue inside the bone tunnel, MedShape said.
In April, ConMed inked a licensing agreement with KFx Medical for its knotless double row rotator cuff repair patents. Through the agreement, ConMed and its subsidiaries will have the right to market products and techniques for knotless double row rotator cuff repair.
At DeviceTalks Boston, Tyler Shultz will give attendees an inside look at Theranos and how he was able to sound the alarm after he realized the company was falling apart. Shultz will take attendees behind the story that everyone is talking about: the rise and fall of Elizabeth Holmes and her diagnostic company, Theranos.
Join Shultz and 1,000+ medical device professionals at the 8th annual DeviceTalks Boston.