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June 28, 2019updated 01 Jul 2019 10:36am

Medtronic acquires surface technology company Titan Spine

Medtronic has concluded its previously announced acquisition of US-based surface technology company Titan Spine for an undisclosed sum.

Medtronic has concluded its previously announced acquisition of US-based surface technology company Titan Spine for an undisclosed sum.

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With headquarters in Dublin, Ireland, Medtronic signed a definitive agreement to acquire Titan Spine in May this year.

In the same month, Medtronic and Royal Philips formed an alliance to develop an image-guided treatment of paroxysmal atrial fibrillation, a type of heart rhythm disorder.

With the acquisition of Titan Spine, Medtronic said it will be able to strengthen its position as an innovator in procedural solutions for spine surgery.

The acquisition also accelerates the company’s strategy to transform spinal procedures and improve outcomes through complete procedural solutions.

Following the acquisition, Titan Spine will join Medtronic’s Spine division, which is part of the Restorative Therapies Group.

Medtronic Spine division president Jacob Paul said: “With today’s announcement, we bring our two companies together in order to provide best-in-class solutions for spine surgeons’ biggest challenges.

“The acquisition of Titan Spine builds on an exciting phase of innovation and growth at Medtronic over the last year including the acquisition of Mazor Robotics, the launch of Mazor X Stealth Edition, and the launch of the Infinity Spinal System, cementing our leadership and offering customers the most comprehensive portfolio in the Spine industry.”

With the addition of Titan Spine’s product portfolio to its existing spine technologies, the company will expand opportunities to bundle interbodies, screws, rods and biologics.

The transaction is expected to meet Medtronic’s long-term financial metrics for acquisitions.

Titan Spine’s product portfolio consists of a complete range of Endoskeleton interbody fusion devices featuring its nanoLOCK or surface technologies.

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Find the right pricing strategy for your medical device

How do your competitors set prices in different markets? Will reducing your prices win market share from your main competitors? Do you need to position products differently for different markets? To find out, use our Global Brand Pricing tool to achieve optimal pricing for your devices. Detect price changes, understand competitor market positioning, and plan new product launches, by accessing this tool today. It features:
  • A proprietary algorithm that leverages numerous pricing sources, with an emphasis on real-world data
  • Estimates of the likely spread of selling prices per brand and manufacturer, as well as 3-year forecasts for prices
  • Medical device pricing data that can be tracked by market, company, and brand
  • Additional categories that can be built on a custom basis
Use our tool to access competitor pricing strategies across multiple geographies, and various dynamic case studies from the likes of Germany and China, to benchmark yourself against your competitors and future proof your pricing strategies.
by GlobalData
Enter your details here to receive your free Report.

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