International orthopedic devices company Wright Medical (WMGI) recently introduced its new elbow plating system designed to treat certain elbow fractures. The device dubbed EVOLVE Elbow Plating System (“EPS”) is an anatomic plating system for the treatment of fractures of the distal humerus (the long bone that runs from the shoulder to the elbow) and proximal ulna (a long bone in the forearm).
Fracture in the distal humerus leads to the impairment of elbow joint function, which coordinates the movements of the upper extremity. Ulna fracture, on the other hand, impairs the function of the forearm.
More than 200,000 elbow fractures occur annually involving distal humerus and proximal ulna with most of them requiring surgery. However, treatment of these fractures remains challenging for orthopedic surgeons.
EVOLVE EPS, which is composed of polished stainless steel and leverages Wright Medical’s advanced ORTHOLOC polyaxial locking technology, has been fine tuned to accurately match the patient anatomy to minimize the need for intra-operative bending while reducing post-operative irritation.
The ORTHOLOC technology offers surgeons with greater flexibility in placing a locking screw and enables them to solidly lock the screw to the plate, thereby providing enhanced stability.
EVOLVE EPS is the new addition to Wright Medical’s EVOLVE elbow product line which consists of the market-leading EVOLVE modular radial head and EVOLVE radial head plate for treating the fractures of the proximal radius. The new system further reinforces the company’s elbow product franchise.
Wright Medical is a global orthopedic devices company specializing in the design, manufacture and marketing of reconstructive joint devices and bio-orthopedic materials. It is a leading provider of surgical solutions for the foot and ankle market.
We feel, future revenue growth will be supported by new product (including internally developed and those from acquisitions) launches. Moreover, new deals in extremities, Wright Medical’s fastest growing segment, are expected to bolster growth in this business.
Our views are moderated by intense competition from larger players, pricing pressure, and a still soft U.S. orthopedic reconstruction market. Wright Medical competes with much larger players such as Zimmer Holdings (ZMH), Stryker (SYK), Johnson & Johnson’s (JNJ) De Puy and Smith & Nephew (SNN). We are currently Neutral on the stock.
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