French spinal surgery devices maker SpineVision posted a strong fiscal 2013, with a doubling in product sales due in part to impressive growth in the U.S.
SpineVision reported doubled U.S. sales of its U.L.I.S. universal pedicle anchorage screws and LUMIS minimally invasive lumbar system.
The privately owned company touted $10.3 million (€7.5 million) raised from existing investors during the year and expansion of its Flex+2 lumbar pedicle screw systems. SpineVision has also been making moves in emerging markets, and company leadership is optimistic about the year ahead.
"We are extremely proud of our financial results for 2013. Not only are we selling our products in the U.S. and throughout Europe, but also we have expanded our product offerings and have extended our presence in South America and especially Brazil, where there is very significant opportunity for SpineVision," CEO Arnaud Brisard said in prepared remarks. "Looking forward, we fully expect that SpineVision is strongly positioned to continue double-digit sales growth in 2014."