11/4/2007 12:43 GMT
ag-IP-news
Alphatec Enhances Technology and Product Portfolio with Global Licensing
CARLSBAD, CA - Alphatec Holdings Inc., a leading medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders, announced in a Wednesday press release that it has entered into a license agreement with Dr. Roger P. Jackson for the global rights to use certain polyaxial screw, helical flange, and instrumentation technology designed by Jackson.
The technology license enables Alphatec to rapidly develop a second-generation polyaxial pedicle screw system that will be manufactured via a proprietary bottom-loaded process. Terms of the agreement, which were not disclosed, include royalties on net sales of products incorporating the licensed technology.
"After a thorough review of the current intellectual property landscape in the polyaxial screw arena, rigorous product testing and multi-faceted focus group feedback, we are extremely pleased with our agreement with Jackson to license his leading polyaxial screw technology, instruments and methodologies," Senior Vice President M. Ross Simmonds stated.
"This global license agreement further demonstrates our commitment to providing complete product solutions targeted at serving the needs of the spinal disorder marketplace and enables our surgeon customers to have additional technology options while utilizing Alphatec as their trusted spinal medical device partner," he added.
"I am very pleased to have entered into a license agreement with Alphatec Spine, one of the recognized leaders in the development, manufacture, and marketing of products for the surgical treatment of spine disorders," Jackson noted.
"This polyaxial screw technology will enable surgeons to have additional product and technology options in surgery and I am confident that Alphatec is a superbly equipped partner to deliver this technology to the surgeon community and their patients," he added.
The polyaxial screw technology exclusively licensed by Alphatec incorporates a bottom-loaded cam-capture manufacturing process embodied in a pending patent application and certain other proprietary technology owned by Jackson.
Alphatec also acquired the non-exclusive rights to use the helical flange technology developed by Dr. Jackson in conjunction with the polyaxial screw. The helical flange technology pertains to the set screw of the polyaxial screw and contains the proprietary elements embodied in US Patent No. 6,726,689.
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