SeaSpine Announces Limited Commercial Launch of its Admiral™ ACP System
SeaSpine Holdings Corporation (NASDAQ: SPNE) announced the limited commercial launch of its Admiral ACP System for anterior cervical plating, aimed at improving surgical efficiency for ACDF procedures. The first case was performed by Dr. Don Park at UCLA, who praised the system's innovative instrumentation. The Admiral ACP is designed for use with the company’s interbody offerings and features multiple plating options. CEO Keith Valentine indicated that this system could drive significant growth in the cervical marketplace, enhancing SeaSpine’s evolving product portfolio.
- Launch of Admiral ACP System is expected to drive growth in the cervical market.
- Admiral ACP features innovative instrumentation that improves surgical efficiency.
- The first case performed received positive feedback from a leading surgeon.
- Limited commercial launch may indicate cautious market entry.
- Forward-looking statements highlight risks of product performance and market acceptance.
CARLSBAD, Calif., Dec. 02, 2020 (GLOBE NEWSWIRE) -- SeaSpine Holdings Corporation (NASDAQ: SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced the limited commercial launch and subsequent first case of its Admiral ACP System. Admiral ACP represents the next generation of anterior cervical plating designed to strike the optimal balance between strength, profile and construct rigidity. Differentiated plate features combined with step-eliminating, innovative instrumentation work seamlessly in the surgeon’s hands to create a more efficient and consistent anterior cervical discectomy and fusion (ACDF) experience.
The first case was completed by Dr. Don Park, Vice Chair of Quality and Safety for the Department of Orthopaedic Surgery at UCLA. Dr. Park stated: “Admiral’s modular trial drill guides, coupled with its threaded driver, give me ultimate control of my screw trajectory, allowing me to angulate and direct my screws as needed to accommodate my patient’s specific anatomical needs. This instrumentation is an absolute game changer.”
Admiral ACP is designed to be used as supplemental fixation for ACDF procedures in conjunction with the Company’s interbody offerings, including the 3D-printed Waveform™ C and Shoreline® RT, featuring NanoMetalene® surface technology and Reef Topography.™ Admiral ACP includes 1-5 Level plating options with multiple crossover sizes, which should enable surgeons to intraoperatively address specific surgical needs.
“Admiral ACP is poised to address the largest segment in the cervical marketplace and we believe will be a significant growth driver for the franchise and SeaSpine as a whole,” stated Keith Valentine, President and CEO. “We are thrilled to add another world class system to our rapidly evolving and increasingly differentiated cervical portfolio.”
About SeaSpine
SeaSpine (www.seaspine.com) is a global medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. SeaSpine has a comprehensive portfolio of orthobiologics and spinal implants solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic and cervical spine. SeaSpine’s orthobiologics products consist of a broad range of advanced and traditional bone graft substitutes that are designed to improve bone fusion rates following a wide range of orthopedic surgeries, including spine, hip, and extremities procedures. SeaSpine’s spinal implants portfolio consists of an extensive line of products to facilitate spinal fusion in degenerative, minimally invasive surgery (MIS), and complex spinal deformity procedures. Expertise in both orthobiologic sciences and spinal implants product development allows SeaSpine to offer its surgeon customers a differentiated portfolio and a complete solution to meet their fusion requirements. SeaSpine currently markets its products in the United States and in approximately 30 countries worldwide through a committed network of increasingly exclusive distribution partners.
Forward-Looking Statements
SeaSpine cautions you that statements included in this news release that are not a description of historical facts are forward-looking statements that are based on the Company’s current expectations and assumptions. Such forward-looking statements include, but are not limited to, statements relating to: the objectives of product design and the ability of the underlying products to achieve design objectives, including to strike the optimal balance between strength, profile and construct rigidity, to eliminate steps, to create a more efficient and consistent ACDF experience, to be used in conjunction with the Company’s interbody offerings, and to enable surgeons to intraoperatively address specific surgical needs; and whether Admiral ACP will be a significant growth drive for the cervical franchise or SeaSpine as a whole. Among the factors that could cause or contribute to material differences between the Company’s actual results and the expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to: the ability of newly launched products to perform as designed and intended and to meet the needs of surgeons and patients, including as a result of the lack of clinical validation of products in limited commercial (or “alpha”) launch; unexpected delay, including as a result of developing and supporting the launch of new products, including as a result of obtaining regulatory clearances; and other risks and uncertainties more fully described in the Company’s news releases and periodic filings with the Securities and Exchange Commission. The Company’s public filings with the Securities and Exchange Commission are available at www.sec.gov.
You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date when made. SeaSpine does not intend to revise or update any forward-looking statement set forth in this news release to reflect events or circumstances arising after the date hereof, except as may be required by law.
Investor Relations Contact
Leigh Salvo
(415) 937-5402
ir@seaspine.com
FAQ
What is the Admiral ACP System launched by SeaSpine (SPNE)?
Who performed the first surgery using the Admiral ACP System?
What does SeaSpine (SPNE) aim to achieve with the Admiral ACP System?
What are the concerns mentioned regarding the Admiral ACP System?
