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510(k) for Li Medical's bioabsorbable suture anchor:

This article was originally published in Clinica

Executive Summary

Li Medical Technologies has received clearance from the US FDA to market its bioabsorbable suture anchor for rotator cuff surgery on shoulders. The anchors, used to reattach torn ligaments back to the bone, naturally degrades inside the body after the injury heals. The worldwide suture anchor market is valued at approximately $80 million, with growth of 25% each year, according to the Shelton, Connecticut-based company.

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