Daily Newsletter

13 October 2023

Daily Newsletter

13 October 2023

Orthofix’s OsteoCove graft receives US FDA 510k clearance

OsteoCove is developed from a blend of β-tricalcium phosphate and hydroxyapatite, along with type-I bovine collagen.

Archana Rani October 13 2023

Orthofix Medical has secured the 510k clearance from the US Food and Drug Administration (FDA) for its advanced bioactive synthetic graft, OsteoCove, for use in spine and orthopaedic procedures.

The company also announced the full commercial launch of the graft, which has been formulated to provide superior bone-forming capabilities to support a wide range of spine and orthopaedic procedural applications.

OsteoCove is developed from a blend of β-tricalcium phosphate (ß-TCP) and hydroxyapatite (HA), along with type-I bovine collagen.

It has a granule surface structure specifically engineered to stimulate a bone-forming response, as demonstrated by its ability to grow bone in a muscle pouch model.

The surface chemistry and microporosity of OsteoCove foster bone formation, surpassing the performance of other comparable commercially available advanced synthetic grafts.

Orthofix chief scientific officer Dr Frank Vizesi said: “Using the same disciplined R&D approach we have historically taken with our internally processed demineralised bone matrix solutions, we created a product that challenges the performance expectations of typical synthetic bone graft substitutes.

“OsteoCove is another prime example of leveraging our strengths in product development in combination with our vertically integrated manufacturing expertise.”

Orthofix global biologics president Tyler Lipschultz said that the launch of OsteoCove synthetic graft significantly strengthens the company’s biologics portfolio.

Lipschultz added: “With the introduction of OsteoCove, we expect strong growth in this large market segment as we continue to deliver on our commitment to provide surgeons a comprehensive offering of biologic solutions to meet the needs of their patients.”

Healthcare companies are hesitant to invest in the metaverse

Although metaverse technologies could reinvent healthcare approaches and bring new experiences to healthcare providers and patients, adoption is still at an early stage. There are currently few use cases in the healthcare industry. The metaverse needs to overcome major challenges for healthcare, including regulation and data privacy concerns. Evidence of proven use cases and participation by a critical mass of users are imperative to drive a shift in metaverse investment.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close