Cardo Medical Acquires Assets of Vertebron

Reconstructive orthopedic and spinal surgery maker Cardo Medical has acquired the assets of bankrupt spinal implant device company Vertebron Inc. for $1.3 million in cash.

Stratford, Conn.-based Vertebron designs, develops, manufactures and sells spinal implant products focused on fusion technology for the lumbar and cervical spine, as well as motion preservation technologies, according to Cardo Medical, which is based in Beverly Hills, Calif.
Cardo Medical will retain 100 percent ownership of all of Vertebron’s implant technologies for spinal surgery. It also has acquired all intellectual property rights owned by Vertebron, which includes more than 20 U.S. issued patents and patent applications. Through a previous licensing agreement, Cardo Medical currently markets and distributes the PSS Pedicle Screw and SCP Cervical Pate systems. Cardo Medical will expand its distribution domestically with this acquisition.

Dr. Andrew Brooks, chairman and CEO of Cardo Medical, said, “We are pleased to have been able to extend our licensing agreement into full ownership rights of this innovative and solid portfolio of spinal technologies. This acquisition will provide a great springboard to our expanding product portfolio of innovative spinal technologies; and we look forward to a smooth incorporation of these significant assets in the coming quarters.”