Zimmer Biomet Completes Acquisition of Ortho Transmission (HealthPointCapital)
press release here
Zimmer Biomet completed the acquisition of Ortho Transmission, LLC, a Colorado-based developer of skeletal implant technology for limb amputee patients.
Under the terms of the acquisition, Zimmer acquires Ortho Transmission’s transcutaneous osseous integrated skeletal implant technology which complements Zimmer’s ongoing collaboration with the U.S. Department of Defense (DOJ) for the development of a transcutaneous system for anchoring external prosthetic limbs to restore the mobility of amputee patients.
Transcutaneous systems are designed to eliminate a skin-to-socket interface, negate frequent prosthetic complications such as soft tissue irritation, sores, infections and joint pain, and can reduce the incremental energy the patient must exert in order to walk. Furthermore, direct skeletal attachment of a limb prosthesis with a transcutaneous device may enhance the patient’s ability to sense the position of the prosthetic.
This transaction provides Zimmer with novel limb replacement technology, aligning with the company’s broad-based focus on clinically relevant innovations. The company will leverage Ortho Transmission designs to commence a clinical trial. Management believes that Zimmer’s R&D capabilities and proprietary Trabecular Metal presents an ideal platform to accelerate the commercialization of such an prosthetic.