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Xtant Medical Enters into Licensing Agreement for Sites Medical’s OsteoSync Ti Technology

By Globe Newswire | May 18, 2017

OsteoSync Ti technology has been engineered to reduce the potential for abrasion debris generation.

Xtant Medical Holdings Inc. has entered into a licensing agreement with Sites Medical LLC for utilization of its proprietary OsteoSync Ti technology, a best-in-class porous titanium scaffold.
 
“We are very excited to work with Sites Medical,” said Carl O’Connell, CEO of Xtant Medical. “As market dynamics shift towards emerging titanium technologies, Sites Medical’s OsteoSync Ti technology places us firmly at the forefront of this trend. This technology exhibits great synergy with our entire line of spinal implants further enhancing the value of this relationship as well as Xtant’s potential impact in its core market.”
 
OsteoSync Ti technology is a highly porous titanium scaffold designed to meet the needs of today’s patients from both clinical and economic standpoints. Its high friction coefficient ensures high initial implant stability and its open pore geometry and micro-texturing facilitate superior bone ingrowth. Preclinical testing has demonstrated bone attachment strength nearly twice that of titanium plasma spray and approximately seven times that of PEEK material at the five-week follow up period, a performance differential that can impact clinical outcomes, especially in spinal fusion patients.

OsteoSync Ti technology has also been engineered to reduce the potential for abrasion debris generation during implant insertion, offering an additional measure of safety for the patient. The material is manufactured using innovative methods and offers value in today’s cost-conscious healthcare environment.

“We are thrilled to be partnering with Xtant Medical, a company with a rich history of innovation in the spine field,” said Greg Stalcup, president and CEO of Sites Medical. “We look forward to working with the Xtant team to combine our respective technologies to deliver a new generation of high performance, high value products to the market.”
 
Using Q2 Metrics data, Xtant Medical estimates the total addressable U.S. market for its technologies that can utilize OsteoSync Ti at $2.5 billion with a five-year compound annual growth rate approaching 4.75 percent.
 
Xtant Medical Holdings Inc. develops, manufactures, and markets regenerative medicine products and medical devices for domestic and international markets. Xtant products serve the specialized needs of orthopedic and neurological surgeons, including orthobiologics for the promotion of bone healing, implants and instrumentation for the treatment of spinal disease, tissue grafts for the treatment of orthopedic disorders, and biologics to promote healing following cranial, and foot and ankle surgeries. With core competencies in both biologic and non-biologic surgical technologies, Xtant can leverage its resources to successfully compete in global neurological and orthopedic surgery markets. The company is headquartered in Belgrade, Mont.

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