|Medtronic Announces CE Mark and European Launch of Compact CORNERSTONE-SR® Alliance(TM), A New Cervical Cage|
New Cage Compatible with Existing Compact CORNERSTONE-SR® Instrumentation Complete, Condensed Set Size Takes Less Space and More Intuitive for Operating Room Staff
MEMPHIS, Tenn. - October 3rd, 2013 - Medtronic, Inc. (NYSE: MDT) the world leader in spinal technology, announced today the CE Mark (Conformité Européenne) and the European launch of a new cervical cage system which expands the successful Compact CORNERSTONE-SR® platform of cages.
The Compact CORNERSTONE-SR® Alliance(TM) cage is compatible with existing spinal instrumentation and gives the surgeon a variety of implant options for different patient anatomies. The new Compact CORNERSTONE-SR Alliance System leverages knowledge gained when Medtronic acquired the German company Advanced Medical Technologies in mid-2012. The additional features now available include: four titanium fixation spikes, bevelled edge and side chamber. Compact CORNERSTONE-SR and Compact CORNERSTONE-SR Alliance are available for use across Europe. The implants are not commercially available or for distribution in the United States or its territories at this time.
Cervical cages are implants used to treat patients who suffer from a disc disease that affects the neck (cervical spine). When a spinal disc is diseased, it can shrink from its normal height, putting pressure on nerves and causing pain in the neck and arms. Compact CORNERSTONE-SR Alliance implant is designed to provide stability during spinal fusion, which involves joining two bones together, such as adjacent vertebrae. There are more than 44,000 cervical fusion procedures to relieve compression on the spinal cord or nerve roots performed in Europe each year.1 In the UK alone the NHS is believed to spend close to £500m on spinal surgery.2
The European launch of Compact CORNERSTONE-SR Alliance System coincides with the Eurospine congress held in Liverpool, UK this week. Speaking at Eurospine, Steve Swinson, Medtronic Vice-President Spinal & Biologics Western Europe and Canada comments on the new product introduction: "Anterior cervical spine surgeries remain commonplace and it's important to bring innovation to this market. With the addition of the CORNERSTONE-SR Alliance cage to our cervical Interbody platform, Medtronic continues to answer the surgeon and hospital needs of today."
About Compact CORNERSTONE-SR and Compact CORNERSTONE Alliance Cages
Possible Adverse Effects
About the Spinal Business at MedtronicMedtronic's Spinal Business, based in Memphis, Tenn., is the global leader in today's spine market and is committed to advancing the treatment of spinal conditions. The Spinal Business collaborates with world-renowned surgeons, researchers and innovative partners to offer state-of-the-art products and technologies for orthopaedic and spinal conditions. Medtronic is committed to developing affordable, minimally invasive procedures that provide lifestyle friendly surgical therapies. More information about the company and its spinal treatments can be found at www.medtronic.com.
Compact CORNERSTONE-SR and Compact CORNERSTONE-SR Alliance incorporate technology developed by Gary K. Michelson, M.D.
Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.