- Document worldwide professionaldisc® Whole Disc Alternative (TDR) income of roughly $7.6 million in December 2023, rising 66% over prior 12 months and representing the primary month in Firm historical past with gross sales exceeding $7 million.
- Document worldwide professionaldisc Lumbar TDR income of $3.3 million in December 2023, rising 69% over prior 12 months and representing the primary month in Firm historical past with U.S. professionaldisc Lumbar TDR gross sales exceeding $3 million within the U.S.
- Document worldwide fourth quarter 2023 professionaldisc TDR income exceeding $20 million in gross sales, representing progress of 56% over prior 12 months.
- Worldwide professionaldisc Cervical TDR progress continues to be pushed by the U.S. launch of the brand new professionaldisc C Vivo and professionaldisc C SK Cervical TDR system, rising over 70% within the fourth quarter vs. prior 12 months.
WEST CHESTER, Pa., Jan. 18, 2024 /PRNewswire/ — Centinel Backbone®, LLC, (“the Firm”) a number one world medical gadget firm targeted completely on treating cervical and lumbar spinal illness with essentially the most full and clinically-proven complete disc substitute (TDR) know-how platform on this planet (professionaldisc®), at present introduced achievement of report year-end 2023 enterprise outcomes and the inspiration for accelerated progress in 2024.
Centinel Backbone accomplished the divestment of its fusion enterprise in This autumn 2023, permitting the Firm to completely give attention to its quickly increasing professionaldisc Cervical and Lumbar world TDR enterprise and carrying out its aim of being the primary worldwide TDR market chief. Whole disc substitute stays some of the quickly increasing market segments throughout the orthopedic trade. The Firm achieved report income and progress within the month of December and the fourth quarter 2023. Last full 12 months 2023 monetary outcomes are topic to year-end closing procedures and will probably be disclosed in a forthcoming press launch.
December 2023 Highlights
- Document worldwide professionaldisc TDR income of $7.6 million, representing 66% year-over-year (YOY) and 13% sequential progress.
- Document worldwide professionaldisc Cervical income of $4.3 million and professionaldisc Lumbar income of $3.3 million with YOY progress of 65% and 69%, respectively.
- Document U.S. professionaldisc TDR income of $6.5 million, representing 72% YOY progress and 19% sequential progress.
- Worldwide professionaldisc TDR income of $1.1 million, representing 38% YOY progress.
Fourth Quarter 2023 Highlights
- Document worldwide professionaldisc TDR income of $20.2 million, representing 56% YOY progress and 17% sequential progress.
- Document worldwide professionaldisc Cervical income of $12.2 million and professionaldisc Lumbar income of $8.0 million with YOY progress of 71% and 38%, respectively.
- Document U.S. professionaldisc TDR income of $16.6 million, representing 58% YOY progress and 20% sequential progress.
- Worldwide professionaldisc TDR income of $3.6 million, representing YOY progress of 48%.
Centinel Backbone’s report 2023 outcomes have been achieved by a quickly increasing professionaldisc TDR surgeon and facility person base, continued U.S. adoption of the Firm’s new professionaldisc C Vivo and professionaldisc C SK Cervical TDR know-how, and powerful momentum behind its world professionaldisc Lumbar TDR enterprise. New surgeon progress was pushed by the Firm’s world Medical Schooling program that educated over 800 surgeons in 2023. This basis—constructed upon a broad and constant person base, technological innovation, a sturdy surgeon schooling program, and powerful underlying TDR market-segment progress—is anticipated to considerably speed up the Firm’s professionaldisc TDR progress in 2024.
Document professionaldisc Lumbar ends in December and the fourth quarter 2023 have been achieved by increasing procedural utilization of professionaldisc Lumbar TDR, bettering U.S. business payer protection, and new professionaldisc Lumbar anatomic endplate know-how. Main optimistic protection updates within the fourth quarter 2023 within the states of Michigan, Illinois, Texas, Oklahoma, New Mexico, and North Carolina added over 20 million lined lives with entry to one- and two-level lumbar TDR. Additional, with this protection growth, it’s estimated that over 30% of commercially-covered lives in the usnow have entry to two-level lumbar TDR, whereas protection for one-level lumbar TDR has grown from 50% in 2017 to just about 95% of lined lives.
Centinel Backbone CEO Steve Murray provides, “2023 was extra than simply report monetary outcomes. It was a transformative 12 months for the corporate and the inspiration for vital market and professionaldisc know-how progress by 2024 and past. Centinel Backbone is now completely targeted on complete disc substitute and turning into the clear chief in one of many quickest rising segments in all of orthopedics. Not solely does our professionaldisc know-how have the longest demonstrated historical past of scientific success, professionaldisc can also be the one complete disc substitute know-how that gives surgeons with the advantages of our revolutionary ‘Match-the-Disc’ household of cervical and lumbar anatomic discs. Sufferers are more and more in search of remedy to take care of movement and doubtlessly scale back future surgical procedure, and we is not going to cease our work in making certain the development of affected person care.”
About Centinel Backbone, LLC
Centinel Backbone®, LLC is a number one world medical gadget firm completely targeted on addressing cervical and lumbar spinal illness with professionaldisc®, essentially the most full complete disc substitute (TDR) know-how platform on this planet.
The Firm’s professionaldisc know-how is essentially the most studied and clinically-proven TDR system throughout the globe, validated by over 540 revealed 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 complete disc substitute.
For extra info, please go to the corporate’s web site at www.CentinelSpine.com or contact:
Varun Gandhi
Chief Monetary Officer
900 Airport Highway, Suite 3B
West Chester, PA 19380
Cellphone: 484-887-8871
E-mail: v.gandhi@centinelspine.com
SOURCE Centinel Backbone
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