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Pioneer® Surgical Technology, Inc. Announces Agreement to Acquire Exclusive Access to the Cequence™ Cervical Plate System From SpineSmith, LP

October 8, 2010 By Bio-Medicine.Org

MARQUETTE, Mich., Oct. 8 /PRNewswire/ — Pioneer Surgical
Technology, Inc. and SpineSmith, LP are pleased to announce a deal
in which Pioneer Surgical will acquire exclusive rights to
manufacture and distribute the Cequence™ anterior cervical
plate.  As part of the agreement, Pioneer Surgical will become
the manufacturer of record and offer the Cequence system through
its existing sales network, while adding SpineSmith as a
distributor.  “We are very excited about the opportunity that
this product represents to Pioneer,” said Jeff Millin, Pioneer
Surgical CEO.  “Cequence will play an immediate and strategic
role in our efforts to expand our portfolio of spine products,
providing greater service to our existing and future customers.”
 

The agreement was effective October 6, 2010.

The Cequence anterior cervical plate features a simple, strong
and reliable screw locking mechanism, multiple screw options and an
intuitive set of instruments designed for efficient implantation.
 “This deal is a win for both companies,” commented Kevin
Dunworth, SpineSmith CEO. “It enables SpineSmith to expand sales of
Cequence and accelerate the development of innovative products.
 In the two years that Cequence has been on the market we have
seen a high level of interest and adoption among our surgeon
customers.  We look forward to Cequence realizing its
potential.”

About Pioneer Surgical Technology

Pioneer® Surgical Technology, Inc. is a dynamic medical
device firm founded in 1992. Pioneer’s focus on innovation has
resulted in over 130 U.S. and foreign patents, with numerous
patents pending. The company has a comprehensive portfolio of
orthopedic, spine and biologic systems. Pioneer entered the
orthobiologics market with two acquisitions in 2007. Our
Orthopedic, Spine, and Biologic Divisions produce state of the art,
cost-effective solutions for surgical procedures that have proven
difficult or problemat

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SOURCE

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