PR Newswire07.05.17
MedShape Inc., developer of orthopedic devices using advanced functional materials, announced that it has reached a definitive agreement with CONMED Corporation for CONMED to acquire the ExoShape ACL Fixation System. The acquisition, which closed July 3, 2017, includes both the ExoShape FEMORAL and TIBIAL Soft Tissue Fasteners, used to fixate soft tissue grafts in anterior cruciate ligament (ACL) reconstruction surgery.
"The ExoShape System has represented a valuable portion of MedShape's business since 2011, and this acquisition further demonstrates the success of the development and commercialization efforts invested in the product," said Kurt Jacobus, MedShape's CEO. "While we will certainly miss serving our patients, doctors and distributors with this product line, we look forward to focusing our efforts towards growing our core foot and ankle business with new investments."
The ExoShape ACL Fixation System represents a breakthrough in soft tissue fixation, as it was the first all-PEEK system to offer a non-rotational deployment and interference fixation approach for ACL reconstruction. Manufactured out of shape memory PEEK Altera, the ExoShape fasteners are delivered in a low-profile shape for easy insertion and then fully expanded upon instantaneous deployment to effectively compress and secure the soft tissue graft inside the bone tunnel.
"The ExoShape System has represented a valuable portion of MedShape's business since 2011, and this acquisition further demonstrates the success of the development and commercialization efforts invested in the product," said Kurt Jacobus, MedShape's CEO. "While we will certainly miss serving our patients, doctors and distributors with this product line, we look forward to focusing our efforts towards growing our core foot and ankle business with new investments."
The ExoShape ACL Fixation System represents a breakthrough in soft tissue fixation, as it was the first all-PEEK system to offer a non-rotational deployment and interference fixation approach for ACL reconstruction. Manufactured out of shape memory PEEK Altera, the ExoShape fasteners are delivered in a low-profile shape for easy insertion and then fully expanded upon instantaneous deployment to effectively compress and secure the soft tissue graft inside the bone tunnel.