- Document worldwide professionaldisc® Complete Disc Substitute (TDR) income of roughly $22.5 million in Q3 2024, rising 30% over prior 12 months.
- Document U.S. professionaldisc Cervical TDR income, rising 43% in Q3 2024 versus prior 12 months.
- Document EBITDA in Q3 2024.
- Document variety of U.S. surgeons using professionaldisc TDR merchandise in Q3 2024, rising 46% over prior 12 months.
WEST CHESTER, Pa., Oct. 17, 2024 /PRNewswire/ — Centinel Backbone®, LLC (“the Firm”), the main international medical gadget firm centered solely on treating cervical and lumbar spinal illness with probably the most full and clinically-proven whole disc substitute (TDR) know-how platform on the planet (professionaldisc®), right this moment introduced achievement of report income within the third quarter of 2024—outperforming Q2 2024, its earlier report quarter.
Centinel Backbone stays one of many quickest rising firms within the spine business* and is devoted solely to whole disc substitute, one of many quickest rising segments in orthopedic implants.
The Firm stays well-positioned from a profitability perspective, reaching a report EBITDA quarter in Q3 2024,** its sixth consecutive adjusted EBITDA constructive quarter.
Third Quarter 2024 Highlights
- Document worldwide professionaldisc TDR income of roughly $22.5 million, representing 30% year-over-year (YOY) progress.
- Document worldwide professionaldisc Cervical income of $14.7 million, on 38% YOY progress.
- Document U.S. professionaldisc TDR income of $18.2 million, on 32% YOY progress.
- Document U.S. professionaldisc Cervical income, on 43% YOY progress.
- Document U.S. professionaldisc whole surgeon user-base of almost 630 surgeons, representing 46% YOY progress and sequential quarterly person progress of 6%. Q3 2024 was the Firm’s ninth consecutive quarter of surgeon person progress.
Highlights on the New professionaldisc C Vivo & professionaldisc C SK Cervical System
- Over 7,600 U.S. procedures have been accomplished with the brand new Match-the-Disc™ professionaldisc C Vivo and professionaldisc C SK Cervical System since restricted launch in Q3 2022.
- Document U.S. professionaldisc C Vivo income in Q3 2024, representing 55% YOY progress, and professionaldisc SK persevering with gross sales momentum with 74% YOY progress.
- Document variety of surgeons utilizing the Match-the-Disc Cervical System in Q3 2024, growing the whole variety of surgeons which have used the system by almost 115% YOY and over 15% in sequential quarterly progress.
- Over 70% of the U.S. surgeons which have used the brand new system so far are repeat customers, and a robust majority of surgeon customers come from aggressive conversions.
Centinel Backbone CEO Steve Murray provides, “We’re happy to once more report report quarterly income and a regularly rising variety of surgeons selecting our full professionaldisc Cervical and Lumbar Complete Disc Substitute programs in Q3 2024. The entire disc substitute market is rising worldwide, and Centinel Backbone’s momentum is a driving pressure in making this occur. Throughout our enterprise, we now have constructed scalable capability and capabilities to serve increasingly more surgeons and sufferers. We’re united and pushed by our goal of advancing spine care with confirmed movement preservation applied sciences.”
* Primarily based on publicly out there data.
** Q3 2024 adjusted EBITDA is predicated on unaudited financials.
About Centinel Backbone, LLC
Centinel Backbone®, LLC is the main international medical gadget firm solely centered on addressing cervical and lumbar spinal illness with professionaldisc®, probably the most full whole disc substitute (TDR) know-how platform on the planet.
The Firm’s professionaldisc know-how is probably the most studied and clinically-proven TDR system throughout the globe, validated by over 540 printed papers and greater than 250,000 implantations. Centinel Backbone’s professionaldisc is the one TDR know-how with a number of motion-preserving anatomic options, permitting the surgeon to Match-the-Disc™ to every affected person’s anatomy for each cervical and lumbar whole disc substitute.
For extra data, please go to the corporate’s web site at www.CentinelSpine.com or contact:
Varun Gandhi
Chief Monetary Officer
900 Airport Street, Suite 3B
West Chester, PA 19380
Telephone: 484-887-8871
E mail: v.gandhi@centinelspine.com
SOURCE Centinel Backbone, LLC
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