Alphatec Spine Stabilization Device Approved
The Food and Drug Administration has approved Alphatec Holdings' Solus device. That means that the firm now has clearance to market and sell the product in the US.
Solus, described by the company as an internal fixation anterior lumbar interbody fusion device, is a ring that helps space the vertebrae apart and stabilize the spinal column.
This is not Alphatec's first market for the product. It was launched in Europe this past January, and the firm says that sales there have been successful.
In the press release announcing the FDA's approval, the company quoted a Millennium Research Group estimate that pegged potential 2013 sales of internal fixation ALIF products such as Solus at $129 million.
The article Alphatec Spine Stabilization Device Approved originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Alphatec Spine, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.