Xtant Medical Holdings Inc (NYSEMKT:XTNT), an industry leader focusing in the development of medical devices and medicine products has made the much awaited announcement. It revealed that the U.S. Food and Drug Administration had cleared product line extensions for the Calix-C family of cervical interbody cages.
This development will lead to the addition of two larger footprints for use with allograft. The clearance will play a major role towards strengthening the company’s focus in regenerative technologies. It will thus help offer more comprehensive and integrated cervical treatment option for medical practitioners and their patients.
Dr. Gregory Juda, the CSO and GM of Xtant Medical. Opined, “This new FDA clearance allows Xtant Medical to leverage the clinical effectiveness of our established allograft product offerings for use with our now expanded line of interbody devices in cervical discectomy and fusion procedures.”
He added that they had been using the product as a combined spinal fusion solution and they were optimistic that it would spark positive outcomes among patients. The Calix‐C™ Cervical Interbody Spacer will specifically be used with supplemental spinal fixation systems such as Certex Spinal Fixation Systems and the Spider Cervical Plating.
The giant company has given an estimate of the Spider Cervical Plating. It has outlined that it currently stands at $1.3B and growing. The global market for Demineralized Bone Matrix at the moment stands at $485M. Xtant Medical has kick-started collaborative marketing efforts and later this year it will be making preparations for the unveiling of the new Calix-C sizes.
This provider will soon be leveraging on its core competencies in both biologic and non-biologic surgical technologies towards the achievement of business success. Over the years the provider has been hoping to make major steps forward in business. Also, the ability to compete successfully in the global orthopedic surgery and neurological markets has been at the top of its priorities.
The company’s spokesperson agrees that indeed they have encountered numerous challenges a long the way. However, they have been able to walk over those challenges and the future looks bright.
