January 19, 2022
LEWISVILLE, Texas–(BUSINESS WIRE)–Orthofix Medical Inc. (NASDAQ:OFIX), a world medical gadget firm with a backbone and orthopedics focus, and nView medical, a Salt Lake Metropolis-based firm creating surgical imaging and steerage programs enabled by synthetic intelligence (AI), right this moment introduced a partnership and funding settlement to collectively develop and co-market the modern nView programs with Orthofix cervical backbone and pediatric limb deformity correction procedural options.
The novel nView s1™ system with insta-3D™ know-how is a U.S. Food and Drug Administration 510(okay) cleared imaging system that options the distinctive capability to immediately seize 3D pictures with very low-dose radiation. This method makes the 3D pictures out there all through surgical procedure, enabling actual time visualization. The nView s1 doubles up as a surgical steerage system with GPS-like know-how that makes use of the true illustration of the anatomy as maps and incorporates AI know-how to enhance the surgeon’s understanding of the surgical procedure.
As a part of the collaboration, Orthofix will make the most of an nView s1 imaging and navigation system in its Lewisville, Texas coaching facility the place they may conduct joint instructional applications for surgeon clients. Orthofix and nView medical will work collectively to achieve 510(okay) clearances for Orthofix pediatric limb deformity options navigated with the nView s1 system. Moreover, the businesses will pursue the event of an software of the know-how for grownup cervical backbone procedures using Orthofix’s complete portfolio of cervical options.
“The nView s1 system’s insta-3D imaging know-how enhances Orthofix’s pre-planning and post-operative software program platforms. It’s an modern digital answer aimed toward higher streamlining the surgical procedure by lowering radiation publicity and lowering OR time, which is so essential for pediatric surgeons and their sufferers,” stated Orthofix President and Chief Govt Officer Jon Serbousek. “We additionally sit up for working with nView to broaden software of this know-how to be used in cervical backbone procedures, using Orthofix cervical options.”
“We’re very excited to accomplice with Orthofix, who has an extended historical past in pediatric limb deformity correction, and deep experience with grownup cervical backbone procedures,” stated nView medical Founder and Chief Govt Officer Cristian Atria. “As we proceed the preliminary industrial rollout of our know-how in pediatrics, we sit up for bringing our price proposition to extra sufferers and surgeons, who’re additionally served by Orthofix.”
Orthofix Medical Inc. is a world medical gadget firm with a backbone and orthopedics focus. The Firm’s mission is to ship modern, quality-driven options whereas partnering with well being care professionals to enhance affected person mobility. Headquartered in Lewisville, Texas, Orthofix’s backbone and orthopedics merchandise are distributed in additional than 60 international locations through the Firm’s gross sales representatives and distributors. For extra data, please go to www.Orthofix.com.
About nView medical
nView medical, primarily based in Salt Lake Metropolis, UT, is a startup whose mission is to make surgical procedure safer, quicker, and persistently correct. nView develops imaging and steerage programs, bringing breakthrough AI options for picture creation and visualization to surgical procedure. nView medical backers embrace; the Nationwide Science Basis (NSF), the Nationwide Institutes of Health (NIH), the State Of Utah, the Nationwide Consortium for Pediatric Gadget Innovation, HealthTech Arkansas, MedTech Innovator, Dr. Kevin Foley, Fusion Fund, and now, Orthofix Medical Inc. For extra data, please go to www.nviewmed.com.
This launch accommodates forward-looking statements inside the that means of Part 21E of the Securities Change Act of 1934, as amended, and Part 27A of the Securities Act of 1933, as amended, referring to our enterprise and monetary outlook, that are primarily based on our present beliefs, assumptions, expectations, estimates, forecasts and projections. In some instances, you may establish forward-looking statements by terminology comparable to “could,” “will,” “ought to,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “initiatives,” “intends,” “predicts,” “potential,” or “proceed” or different comparable terminology. These forward-looking statements will not be ensures of our future efficiency and contain dangers, uncertainties, estimates and assumptions which are troublesome to foretell, together with the dangers described in Half I, Merchandise 1A below the heading Danger Elements within the Firm’s Annual Report on Kind 10-Ok for the 12 months ended December 31, 2020 (the “2020 Kind 10-Ok”). Elements that would trigger or contribute to such variations could embrace, however will not be restricted to, dangers referring to: the flexibility of Orthofix and nView medical to efficiently co-develop merchandise which are helpful and marketable for pediatric and cervical backbone procedures; the flexibility of nView medical to develop and finance its ongoing enterprise, such that Orthofix’s funding in nView medical will keep or improve its financial worth; and the surgical market’s continued adoption of each events’ particular person and collaborative merchandise. Because of these numerous dangers, our precise outcomes and outcomes could differ materially from these expressed in these forward-looking statements.
We focus on a few of these issues extra absolutely, in addition to sure threat elements that would have an effect on our enterprise, monetary situation, outcomes of operations, and prospects, in studies we file from time-to-time with the SEC, which can be found to learn at www.sec.gov. All or any forward-looking statements that we make could change into flawed (on account of inaccurate assumptions that we make or in any other case), and our precise outcomes and outcomes could differ materially from these expressed in these forward-looking statements. You shouldn’t place undue reliance on any of those forward-looking statements. Additional, any forward-looking assertion speaks solely as of the date hereof, until it’s particularly in any other case acknowledged to be made as of a special date. We undertake no obligation to replace, and expressly disclaim any responsibility to replace, our forward-looking statements, whether or not because of circumstances or occasions that come up after the date hereof, new data, or in any other case.
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