Innovative Spinal Technologies Announces Formation and Investment From Industry
Advisory Council
PLANO, Texas, Nov. 18 /PRNewswire-FirstCall/ -- Innovative Spinal Technologies
(IST), a company that develops early stage products for the spine market, has
formed and received funding from its Industry Advisory Council (IAC). The IAC
will assist IST in achieving its goal of fast and efficient product development,
with a dedicated focus on the needs of clinicians and patients.
The IAC is comprised of distinguished physicians Rudolph Bertagnoli, MD, David
Bradford, MD, Paul McAfee, MD, Luiz Pimenta, MD, Hansen Yuan, MD, along with
healthcare experts Fred Moll, MD and Robert Stockman. The IAC is joining an
already strong team including Orthofix International (NASDAQ:OFIX), Advanced
Neuromodulation Systems (NASDAQ:ANSI), Synthes Spine, LP (a Limited Partnership
of Synthes-Stratec, Inc. SWX: SYST), and GE Medical Systems, a unit of General
Electric (NYSE:GE) "There is nothing else like this in the orthopedic world today," says Stephen
Hochschuler, M.D., IST Chairman and co-founder, and Chairman of Texas Back
Institute. "Bringing the most prominent thought leaders of the industry
together with a business model that can help deliver these ideas to market
quickly and efficiently will produce better solutions for both patients and the
healthcare industry." The IAC is an important step in a unique business plan that brings together the
best clinical and business minds. Allowing the efficient commercialization of
world-class innovation-bringing value to the spine industry and spine patients.
"Members of the IAC have been carefully chosen with respect to areas of
expertise and diversity of skill sets and geography," adds Scott Schorer,
President and CEO of IST. "We believe that this prestigious group will help
propel IST forward by providing insight and feedback on our development
programs. In addition, combining leading clinicians and experienced executives
in the same forum allows IST to tap into IAC members' vast product and business
experience." IST is committed to bringing quality products and services to the market and
exceptional value to its customers and patients. IST seeks innovative product
concepts from sources around the world, including Texas Back Institute, IAC
members, and unaffiliated inventors. The Company plans to develop products and
sell the assets to strategic buyers, or place them in spin-off companies.
About the Texas Back Institute The Texas Back Institute is the largest freestanding spine specialty clinic in
the United States. It is based in Plano, Texas and is located on the campus of
Presbyterian Hospital of Plano. The Institute was established 24 years ago and
provides comprehensive medical care for individuals with back and neck pain. TBI's professional staff includes board-certified orthopedic surgeons with spine
fellowship training, general surgeons, general medicine physicians, internists,
chiropractors, physiatrists, pain specialists, exercise physiologists and a team
of physical and occupational therapists. For more information please visit
www.texasback.com.
About Orthofix Orthofix International N.V. is an international corporation, which develops,
produces and markets innovative products in the medical device sector. Its
products include the Spinal-Stim (R) Lite for the enhanced healing of spinal
fusions, the Orthotrac Pneumatic Vest (R) for chronic low back pain, the EZBrace
LSO (R) for spine stabilization, the Physio-Stim (R) Lite for the healing of
un-united fractures, the OSCAR (R) ultrasonic bone cement removal system for hip
revision procedures, the A-V Impulse System (R) for enhancing venous
circulation, and the Orthofix ISKD (R) internal lengthener. For more information
please visit www.orthofix.com.
About Advanced Neuromodulation Systems Advanced Neuromodulation Systems (ANS) designs, develops, manufactures and
markets implantable systems used to manage chronic intractable pain and other
disorders of the central nervous system. Its products include the Genesis(R)
and Genesis(R) XP totally implantable pulse generator spinal cord stimulation
systems, and the Renew(R) radio frequency spinal cord stimulation system. For
more information about ANS, please visit www.ans-medical.com.
About Synthes Synthes is a leading provider of instruments, implants and power tools for the
orthopaedic and spine surgery market. The company develops, manufactures, and
distributes products for the surgical treatment of bone fractures, cranio-
maxillofacial trauma and deformities, and a full range of products and systems
for spine surgery. For more information please visit www.synthes-stratec.com.
About GE Medical Systems GE Medical Systems is a $10 billion global leader in medical imaging,
point-of-care systems, healthcare services, and information technology. Its
offerings include networking and productivity tools, clinical information
systems, patient monitoring systems, anesthesia and respiratory care,
maternal-infant care systems, surgery and vascular imaging, conventional and
digital X-ray, dental imaging, computed tomography, electron beam tomography,
magnetic resonance, ultrasound and bone mineral densitometry, positron emission
tomography, nuclear medicine, and a comprehensive portfolio of clinical and
business services. For more than 100 years, health care providers worldwide have
relied on GE Medical Systems for high quality medical technology and
productivity solutions. For more information, visit the GE Medical Systems Web
site at www.gemedical.com.
About Innovative Spinal Technologies Innovative Spinal Technologies (IST) develops spine products and services
through intellectual property development. IST is working closely with the
Texas Back Institute (TBI) and other leading innovators to develop unique
products for the spine industry. IST was founded in 2002 by TBI and spine
surgeons Stephen Hochschuler, MD, and Barton Sachs, MD, MBA. For more
information about IST, visit www.innovativespinal.com.
Contact:
For Innovative Spinal Technologies
Scott W. Schorer
Phone: 303 570-7964
Email: DATASOURCE: Innovative Spinal Technologies CONTACT: Scott W. Schorer of Innovative Spinal Technologies, +1-303-570-7964, Web site: http://www.orthofix.com/ http://www.texasback.com/ http://www.ans-medical.com/ http://www.synthes-stratec.com/ http://www.gemedical.com/
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