Exactech has sold its spine assets to ChoiceSpine, as part of a “restructuring” and “divesture” move. Terms of the transaction were not released. The company has also released Harrier, an anterior lumbar interbody fusion (ALIF) system
ChoiceSpine will now have access to Exactech’s distributions channels in Spain, Portugal and Germany. “We currently have distribution partners in Italy and Mexico, so these new assets will immediately boost our international footprint,” added Marty Altshuler, co-owner of ChoiceSpine.
In addition, ChoiceSpine has launched ALIF system,
Harrier. The device was cleared for marketing by the US Food and Drug Administration in November 2016.
According to a press release, this will be the first of four new products launching in 2017.
ChoiceSpine’s vice president of research and development, Steve Ainsworth, says, “Our product pipeline is full of products we plan to launch over the next two years. Harrier and other new products will help sustain the growth we have experienced over the past few years. Our research and development team has worked diligently with our distributor and surgeon partners to roll out Harrier and we are confident it will be received well in the market.”