ORHub's PUR Biologics to Launch PUR Pillars

Rhea-AI Summary

ORHub plans to launch its new bone growth product, PUR Pillars, designed specifically for spine surgery, in early Q4 2022. This product addresses the challenges of spinal fusion surgeries, which total approximately 950,000 annually in the U.S., with a growth rate of 6%. The market for bone growth products is estimated to exceed $8 billion, positioning ORHub favorably within the PUR Biologics brand. The innovative design aims to improve patient outcomes by preventing graft material migration.

Positive

• Launch of PUR Pillars targeting the growing spine surgery market.
• US spine fusion surgeries estimated at 950,000 annually with 6% growth.
• Bone growth products market valued over $8 billion, indicating significant revenue potential.

Negative

• None.

PUR Pillars^TM were designed specifically for spine surgery, with a patient's post-surgical outcomes in mind.

IRVINE, CA / ACCESSWIRE / July 28, 2022 / ORHub, Inc. (OTC Pink:ORHB) plans to launch its new bone growth product focused on spine surgery in early Q4 2022.

Spinal fusion surgeries require implanting biological products or materials to help support and stimulate the patient's natural healing and fusion. Today's US spine market and ORHub's opportunity includes an estimated 950,000 surgical spine fusion procedures per year, with a conservative annual growth rate of six percent.

"PUR's Pillars^TM design aims to achieve optimal patient outcomes by keeping bone graft materials in place, avoiding the typical migration of bone graft material from the desired location and eliminating inactive carriers," shared Ryan Fernan, Head of PUR Biologics. "PUR's Pillars^TM are created from our Fibrous Collagen^TM and deliver a solid matrix structure designed to act as a Bio-active Bridge^TM for a patient's natural cells and growth factors to bind with."

Market estimates for "bone growth" products and related therapeutics are believed to be greater than $8B, increasing the opportunity for revenue, value, and scalability which ORHub has positioned with the PUR Biologics brand.

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About ORHub, Inc.

ORHub, Inc. is headquartered in Irvine, California. The Company is a healthcare innovator and fintech company focused on payment processes, business logistics, and clinical solutions with digital and biological technologies. The Company utilizes Intelligent Automation and Cellular based technologies to Change Business for GoodTM and is comprised of four segments: Surgical Resource Management (SRM), Digital Payments, Regenerative Therapeutics, and Artificial Intelligence:

ORHub's SRM platform, "FutureOR" uses digital technologies to replace dated vendor-centric documentation and processes. The platform enables digital connectivity, faster vendor payments, and implant accountability for all surgically implanted medical devices and biologic products. The Company's Digital Payment focus is on software solutions which would allow b2b medical device & biologic vendors to reduce the Case-to-Cash timeline. With the acquisition of PUR Biologics, ORHub's Regenerative Therapeutic division is focused on the sale of bone regenerative products, while targeting new areas of opportunity with patented cell-based technologies. Together, these solutions form a valuable foundation for new uses of AI, quantum computing, and a mobile ecosystem for personalized patient centered information and accessibility.

For more information, please visit: ORHub.com

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Forward-looking Statements

This release contains forward-looking statements, including the market demand for and acceptance of ORHub's products and services, the results from use of ORHub's products and services, and general business conditions, particularly within the surgical, life science, and medical device industries. Any forward-looking statements contained in this press release are based upon ORHub's historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent ORHub's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and ORHub disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential risks that could affect actual results will be included in future filings made by ORHub and are available on the Company's website at ORHub.com from time to time.

Contact:

Jason Brown
ORHub, Inc.
612-209-7565

SOURCE: ORHUB, Inc.

View source version on accesswire.com:
https://www.accesswire.com/710095/ORHubs-PUR-Biologics-to-Launch-PUR-Pillars

FAQ

What is ORHB's new product launch date for PUR Pillars?

ORHB plans to launch PUR Pillars in early Q4 2022.

What is the significance of PUR Pillars in spine surgery?

PUR Pillars are designed to enhance patient outcomes by preventing bone graft material migration during spinal fusion surgeries.

How large is the US market for spine fusion surgeries?

The US market comprises approximately 950,000 spinal fusion surgeries per year.

What is the estimated market size for bone growth products?

The bone growth products market is estimated to exceed $8 billion.

What are the growth prospects for ORHB after launching PUR Pillars?

With a conservative annual growth rate of 6%, ORHB is well-positioned for revenue growth in the spine surgery market.