Medtronic Unveils VariLoc Variable Angle Locking Technology for Treatment of Fractures
July 25 2016 - 1:00AM
DUBLIN and SHANGHAI - July 25,
2016 - Medtronic plc (NYSE: MDT) today announced the global
launch of VariLoc Locking Compression Plate System in China and
other select countries. With the innovative variable angle locking
technology, the system enables surgeons to adapt screw angulations
to patient anatomy, capture fracture fragments, fine-tune screw
trajectory after plate placement, and position screws precisely to
avoid unnecessary penetration of the nearby joints. The VariLoc
system is being launched on a country-by-country basis in 2016,
beginning with China, Chile, Kenya, Pakistan, Lithuania, Greece,
Poland, Turkey, Thailand, and Vietnam. Launches in additional
markets are expected in the coming months, pending local approvals.
The VariLoc system is not available for sale in the United
States.
"Ever since the launch of MonoLocĀ® Locking
Compression Plate System almost a decade ago, we have been focusing
on the development of the next generation of locking technology,"
said Alex Moussa, vice president and president of Medtronic Kanghui
Orthopedics, which is part of the Restorative Therapies Group. "The
Variable Angle Locking Technology we launched today can be used to
treat a wide range of bone fractures from simple to complex. We are
pleased to provide therapy solutions that may help tens of
thousands of patients in need of better fracture treatment within
China and in the global emerging markets. Medtronic Kanghui will
continue to invest heavily in R&D to advance patient care."
The newly launched VariLoc Locking Compression
Plate System is covered by multiple patents, and exhibits the
following features & benefits:
- Anatomical shape, low profile and blunt edges
- No need to bend the plate, easy insertion and
prevention of soft tissue damage
- Variable angle locking screw
- Variable angle feature allows optimal fragment
fixatio
- The round locking holes accept both variable
angle locking screw and standard locking screw
- Cannulated locking screw
- For optimal compression of intra-articular
fractures
- Color coding
- Simplified for stock management and size
identification
"Medtronic Kanghui's VariLoc Locking Clavicle
Plate enables surgeons to insert a screw at the best angle for the
most optimal purchase in smaller bone fragments, which minimizes
the risk of joint penetration. Low-profile plates are designed
specifically for the clavicles, and more plates of diverse shapes
and sizes are available for our choice, to satisfy patients with
different anatomy," said Dr. Jian Lu from the First Affiliated
Hospital of Soochow University. "I believe Medtronic Kanghui will
continue to develop an increasing number of innovative therapies to
enable us as physicians to better relieve patients' pain and allow
for earlier patient recovery."
In addition to the implants, comprehensive
instrument sets were also released to the market simultaneously.
The color coding of the instruments offers easy identification
during the operation and an additional screw removal kit is
available upon request.
About Medtronic Kanghui
Orthopedics
Medtronic Kanghui Orthopedics is a division within the Restorative
Therapies Group at Medtronic plc, and is a global leader in
orthopedic industry offering economic value to healthcare providers
through innovative products and solutions. In November 2012,
Medtronic, Inc., announced that it had completed its acquisition of
Kanghui Holding, making it the first Medtronic business unit
headquartered outside the United States. Medtronic Kanghui
Orthopedics consists of two manufacturing sites in China, including
Changzhou Kanghui Medical Innovation Co., Ltd. and Beijing Libeier
Bio-engineering Institute Co., Ltd. There are 1200+ employees in
the division, and its business covers China and more than 40
countries outside of China. Leveraging the Medtronic branding
publicity and sound business network, the division is expanding its
business rapidly across global emerging market with strong product
portfolio and reliable product quality.
About Medtronic
Medtronic plc (www.medtronic.com), headquartered in Dublin,
Ireland, is among the world's largest medical technology, services
and solutions companies - alleviating pain, restoring health and
extending life for millions of people around the world. Medtronic
employs more than 85,000 people worldwide, serving physicians,
hospitals and patients in approximately 160 countries. The company
is focused on collaborating with stakeholders around the world to
take healthcare Further, Together.
Any forward-looking statements
are subject to risks and uncertainties such as those described in
Medtronic's periodic reports on file with the Unites States
Securities and Exchange Commission. Actual results may differ
materially from anticipated results.
-end-
Contacts:
Ling He
Public Relations
+86-21-5031-3803
Ryan Weispfenning
Investor Relations
+1-763-505-4626
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Medtronic plc via Globenewswire
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