06.17.14
Expanding Orthopedics Inc. (EOI), a spine surgery device company based in Or-Akiva, Israel, has secured a Chinese patent for its XPED System, an expandable pedicle screw and related instrumentation.
“I am very proud of this achievement as this rewards our extensive research and development efforts and confirms the uniqueness of the XPED System and the innovation brought by our team to the medical community,” said orthopedic surgeon Mark Levy, founder and chief technology officer of Expanding Orthopedics. “This is the sixth granted Chinese patent for our extensive expanding devices platform, which demonstrates our focus and commitment to this market for several years now.”
“The Chinese market is one of the fastest growing markets in the world with large concentration of the ageing population (over 65) which is expected to reach 25 percent of population by the year 2050,” added CEO Ofer Bokobza, CEO. “EOI is setting itself for the Chinese market by designing and delivering innovative products at an affordable price, to access both the higher and lower ends Chinese healthcare markets. We intend to execute this strategy, starting with the XPED expandable pedicle screw technology platform, which addresses the growing need of the ageing population for enhanced anchoring solutions in low bone quality. Other innovative products from our rich intellectual property portfolio, such as the FLXfit, our unique expandable cage, will follow, fulfilling our vision of providing novel solutions to improve spinal health.”
“I am very proud of this achievement as this rewards our extensive research and development efforts and confirms the uniqueness of the XPED System and the innovation brought by our team to the medical community,” said orthopedic surgeon Mark Levy, founder and chief technology officer of Expanding Orthopedics. “This is the sixth granted Chinese patent for our extensive expanding devices platform, which demonstrates our focus and commitment to this market for several years now.”
“The Chinese market is one of the fastest growing markets in the world with large concentration of the ageing population (over 65) which is expected to reach 25 percent of population by the year 2050,” added CEO Ofer Bokobza, CEO. “EOI is setting itself for the Chinese market by designing and delivering innovative products at an affordable price, to access both the higher and lower ends Chinese healthcare markets. We intend to execute this strategy, starting with the XPED expandable pedicle screw technology platform, which addresses the growing need of the ageing population for enhanced anchoring solutions in low bone quality. Other innovative products from our rich intellectual property portfolio, such as the FLXfit, our unique expandable cage, will follow, fulfilling our vision of providing novel solutions to improve spinal health.”