ENGLEWOOD, COLORADO, UNITED STATES, August 28, 2024 /EINPresswire.com/ — Mighty Oak Medical, Inc., Medacta USA, Inc., and Medacta Worldwide SA, introduced immediately that they’ve entered right into a settlement and license settlement that resolves the patent dispute between the businesses. Underneath the phrases of the settlement, Medacta will obtain a non-exclusive license to Mighty Oak’s patents associated to patient-specific pedicle screw guides to be used in grownup spinal surgical procedures.
Globally, Medacta has agreed to promote its MySpine Guides to be used solely with Medacta pedicle screws by 2031.
“We’re happy to have resolved the continuing litigation with Medacta and are excited to re-focus all inner assets on growing the following technology of presurgical planning and patient-specific options to boost affected person care,” commented Nick Byrne, VP of Gross sales & Advertising and marketing for Mighty Oak Medical.
About Mighty Oak Medical
Mighty Oak Medical is a commercial-stage medical gadget improvement firm targeted on patient-specific options to make advanced spinal surgical procedure safer and extra environment friendly. Established in 2011 in Englewood, Colorado, Mighty Oak focuses on 3D pre-surgical planning, 3D printing, and AI-driven software program improvement. The award-winning FIREFLY® Know-how, obtainable from C1 to the pelvis, is used worldwide to attain unsurpassed accuracy in probably the most difficult pediatric and grownup spinal deformity and revision surgical procedures – all with zero intra-operative radiation required. Observe us on LinkedIn and be taught extra at www.mightyoakmedical.com.
About Medacta
Medacta is a world key participant specializing within the design, manufacturing, and distribution of progressive, customized, and sustainable options for joint alternative, sports activities drugs, and spine surgical procedure. Established in 1999 in Switzerland, Medacta is dedicated to enhancing the care and well-being of sufferers and maintains a robust concentrate on healthcare sustainability. By means of shut collaboration with professional surgeons globally, steady investments in R&D, and the adoption of cutting-edge applied sciences, Medacta’s innovation prioritizes minimally invasive surgical procedure and customized options for each affected person. By means of the M.O.R.E. Institute, Medacta helps surgeons with a complete and tailor-made program devoted to the development of medical schooling. Medacta is headquartered in Castel San Pietro, Switzerland, and operates in over 60 nations. Observe us on Medacta TV, YouTube, LinkedIn and X.
Nick Byrne
Mighty Oak Medical
nbyrne@mightyoakmedical.com
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