Richmond, VA medical facility is fourth to clinically use HOLO Portal, the world’s first synthetic intelligence (AI)-driven, augmented actuality (AR) steerage system for spine surgical procedure.
DEERFIELD, Sick., Dec. 13, 2022 (GLOBE NEWSWIRE) — Surgalign Holdings, Inc., (NASDAQ: SRGA) a worldwide medical know-how firm centered on elevating the usual of care by driving the evolution of digital well being, in the present day introduced further commercialization of its HOLO Portal surgical steerage system. The Firm is happy to report that a number of instances have been efficiently carried out in Virginia leveraging the HOLO Portal system, with the primary case carried out by Joshua P. Herzog, MD, a board-certified orthopedic spine surgeon with OrthoVirginia in Richmond, Virginia.
HOLO Portal is the world’s first surgical steerage system to include AI and AR. That is the primary scientific utility of Surgalign’s HOLO™ AI digital well being platform. The system’s AI processes intraoperative photographs to autonomously phase and label the anatomy and plan patient-specific pedicle screw trajectories which might be permitted by the surgeon. The HOLO Portal system makes use of AR to overlay the segmented AI reconstruction over the affected person’s precise anatomy, offering real-time 3D visualization all through the surgical process. This AR show helps surgeons visualize trajectories and guides surgical devices.
In January 2022, Surgalign obtained U.S. Food & Drug Administration (FDA) 510(okay) clearance to be used of the HOLO Portal system inside lumbar spine procedures. The Firm is presently working to develop the system’s restricted market launch and intends to additional improve its web site places all year long. As instances are carried out and knowledge is amassed, the Firm additionally intends to combine new purposes on its platform to advance the standard of care and enhance outcomes for sufferers.
“I’m assured that the elevated precision and skill of this enabling know-how will enhance the restoration and end result for my sufferers,” mentioned Dr. Herzog. Terry Wealthy, President and CEO of Surgalign, added, “Congratulations to Dr. Herzog and the workforce at OrthoVirginia for finishing the primary scientific case in Virginia with the Surgalign HOLO Portal system. The efficiency of the system to this point coupled with the constructive surgeon suggestions generated by the know-how, continues to validate our excessive expectations and drive our general aim to remodel affected person outcomes with our AI know-how.”
About Surgalign Holdings, Inc. Surgalign Holdings, Inc. is a worldwide medical know-how firm dedicated to the promise of digital well being to drive transformation throughout the surgical panorama. Uniquely aligned and resourced to advance the usual of care, the corporate is constructing applied sciences physicians and different well being suppliers will look to for what is actually potential for his or her sufferers. Surgalign is targeted on creating options that predictably ship superior scientific and financial outcomes. Surgalign markets merchandise all through the US and in roughly 50 international locations worldwide by way of an increasing community of prime unbiased distributors. Surgalign is headquartered in Deerfield, IL, with industrial, innovation and design facilities in San Diego, CA, Warsaw and Poznan, Poland, and Wurmlingen, Germany. Study extra at www.surgalign.com and join on LinkedIn, Twitter and Instagram.
Ahead Trying Assertion This press launch comprises forward-looking statements primarily based on administration’s present expectations, estimates and projections about our business, our administration’s beliefs and sure assumptions made by our administration, and such forward-looking statements embrace (amongst others) statements relating to anticipated future monetary and working efficiency (together with forecasted full-year income and variety of HOLO websites secured), product rationalization and expense discount initiatives and the outcomes thereof, potential third social gathering financing and anticipated money wants. Phrases reminiscent of “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such phrases and related expressions are supposed to establish such forward-looking statements. The forward-looking statements should not ensures of future efficiency and are primarily based on sure assumptions together with normal financial situations, in addition to these inside the Firm’s business, and quite a few different components and dangers recognized within the Firm’s most up-to-date Type 10-Ok, 10-Q and different filings with the SEC. Our precise outcomes might differ materially from the anticipated outcomes mirrored in these forward-looking statements. Vital components that would trigger precise outcomes to vary materially from the anticipated outcomes mirrored in these forward-looking statements embrace dangers and uncertainties referring to the next: (i) the Firm’s entry to satisfactory working money move, commerce credit score, borrowed funds and fairness capital to fund its operations and pay its obligations as they change into due, and the phrases on which exterior financing could also be obtainable, together with the influence of opposed traits or disruption within the world credit score and fairness markets; (ii) dangers referring to present or potential litigation or regulatory actions; (iii) the identification of management deficiencies, together with materials weaknesses in inner management over monetary reporting; (iv) normal worldwide financial situations and associated uncertainties; (v) the continued influence of the COVID-19 and the Firm’s makes an attempt at mitigation, notably in worldwide markets served by the Firm; (vi) the failure by the Firm to establish, develop and efficiently implement its strategic initiatives, notably with respect to its digital surgical procedure technique; (vii) the reliability of our provide chain; (viii) our potential to satisfy obligations, together with buy minimums, beneath our vendor and different agreements; (ix) whether or not or when the demand for procedures involving our merchandise will improve; (x) our monetary place and outcomes, complete income, product income, gross margin, and operations; (xi) failure to comprehend, or sudden prices in looking for to comprehend, the anticipated advantages of the Holo Surgical Inc. (“Holo Surgical”) and Inteneural Networks Inc. (“INN”) acquisitions, together with the failure of Holo Surgical’s and INN’s services to be satisfactorily developed or obtain relevant regulatory approvals or because of the failure to commercialize and distribute its merchandise; (xii) the failure to successfully combine Holo Surgical’s and INN’s operations with these of the Firm, together with: retention of key personnel; the impact on relationships with prospects, suppliers, and different third events; and the diversion of administration time and a focus to the mixing; (xiii) the variety of shares and amount of money that can be required in reference to any post-closing milestone funds, together with because of adjustments within the buying and selling value of the Firm’s frequent inventory and their impact on the amount of money wanted by the Firm to fund any post-closing milestone funds in reference to the acquisitions; (xiv) the continuation of latest high quality points with respect to our world provide chain; (xv) the impact and timing of adjustments in legal guidelines or in governmental laws; and (xvi) different dangers described in our public filings with the SEC. These components must be thought of fastidiously, and undue reliance shouldn’t be positioned on the forward-looking statements. Every forward-looking assertion on this communication speaks solely as of the date of the actual assertion. Copies of the Firm’s SEC filings could also be obtained by contacting the Firm or the SEC or by visiting Surgalign’s web site at http://www.surgalign.com/ or the SEC’s web site at http://www.sec.gov/. We undertake no obligation to replace these forward-looking statements besides as could also be required by regulation.