Orthobiologics maker Bacterin International has agreed to a deal worth about $60 million to purchase Ohio-based X-spine Systems, which specializes in minimally invasive degenerative spine treatments. The combined company will be called Xtant Medical. Bacterin said the deal will expand its distribution system, allow it to deliver complementary products and boost its access to X-spine's spine surgery hardware and devices.
Licensing and distribution deals were struck between Intellirod Spine and X-spine Systems to give Intellirod the right to use X-spine's Fortex implants with its LOADPRO disposable microelectronic sensor. The system helps surgeons track the levels of rod strain during corrective spinal surgeries.
The FDA has cleared X-Spine to market its Zygafix Facet Fusion System, which is implanted using a minimally invasive procedure to help stabilize the facet joint. The system adds to the company's Silex and Axle lines of novel spinal-fusion devices.
Miamisburg, Ohio-based X-Spine Systems has secured clearance from the FDA for its Calix PC spinal implant device. The device, which employs plasma coating technology, offered better resistance to expulsion than noncoated implants during laboratory tests.