ALTSTAETTEN, Switzerland and EAST HARTFORD, Conn. , January 25, 2024 /PRNewswire/ — icotec ag, a frontrunner in revolutionary spinal tumor implants, is worked up to announce a serious milestone in its development trajectory by establishing a strategic partnership with MVM Companions, a worldwide enterprise capital agency specializing in healthcare. The corporate commercializes the revolutionary BlackArmor® carbon/PEEK merchandise, which have the potential to supply vital medical advantages over conventional metallic implants within the spinal oncology setting, totally realizing the potential of remedy choices accessible to sufferers all through the world. all through their journey.
Since receiving FDA approval in 2019, many designated U.S. most cancers facilities have adopted icotec’s BlackArmor® merchandise. This funding will allow icotec to take care of its exceptional development and strengthen its analysis and improvement capabilities to broaden its portfolio into the underserved indications of spinal infections and osteoporosis.
“We’re delighted to collaborate with MVM, whose deep understanding of the medical panorama aligns completely with our imaginative and prescient for the longer term,” stated Roger Stadler, CEO of icotec ag group. “This partnership marks a turning level for icotec because it permits us to proceed our mission of enhancing affected person outcomes by offering a compelling different to metallic implant expertise that has been round for over 100 years. »
MVM has a robust popularity for supporting and partnering with revolutionary healthcare firms and acknowledges the potential of icotec’s expertise to rework affected person care. This partnership demonstrates confidence in icotec’s management, merchandise and total trajectory.
“We’re delighted to assist icotec in its aim to revolutionize the spinal implant business,” stated Thomas Casdagli, Associate at MVM. “Icotec’s BlackArmor® carbon/PEEK implants symbolize a major development within the remedy of complicated spinal circumstances. For the primary time, clinicians have the power to precisely view and deal with sufferers after surgical procedure, with out the artifacts and limitations of conventional metallic implants. We see this as a serious development in affected person care. We look ahead to working carefully with the icotec staff to proceed our success and development. »
WISTAMA Finanz- und Beteiligungs AG, the household workplace of the Stadler household that based icotec, stays totally invested as majority shareholder and dedicated to the long-term improvement of icotec.
For any inquiries, please contact:
Remo Keller, Group Chief Monetary Officer, remo.keller@icotec-medical.com , +41 71 757 00 96
About icotec ag
icotec positions itself as a frontrunner within the remedy of spinal tumors due to a brand new era of cutting-edge implants. icotec’s BlackArmor® carbon/PEEK implants are the results of combining cutting-edge applied sciences and business experience, offering revolutionary and dependable options for spine surgeons and their sufferers. The corporate is dedicated to advancing the sector of spinal implantation. Constructing on medical successes and a continued dedication to innovation, icotec is strongly positioned to affect the way forward for spinal surgical procedure. Its complete product portfolio has acquired FDA approval and is supported by many influential thought leaders in addition to most cancers remedy facilities all over the world. For extra data, go to www.icotec-medical.com.
About MVM Companions
Since 1997, MVM has invested in high-growth healthcare firms. With groups primarily based in Boston and London, MVM takes a worldwide funding perspective that spans medical expertise, prescribed drugs, diagnostics, contract analysis and manufacturing, digital well being, and different healthcare sectors well being. For extra data, go to www.mvm.com .
Discussion about this post