Medtronic buys artificial disc firm Spinal Dynamics for $270 million
This article was originally published in Clinica
Medtronic is strengthening its spinal product pipeline with the $269.5m acquisition of Spinal Dynamics, a private company which has developed an artificial cervical disc that is designed to mimic the mechanical properties of an intervertebral disc. The cervical spinal market is estimated at nearly $1bn, with an assumed price of $3,000-4,000 per disc and over 250,000 procedures annually, according to analysts at Morgan Stanley.
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