SeaSpine Holdings Corporation and 7D Surgical, Inc. have entered into a strategic alliance agreement that SeaSpine and 7D Surgical will integrate and co-market their combined product offerings, as well as develop SeaSpine-specific instrumentation optimized to work with 7D Surgical’s flagship Machine-vision Image Guided Surgery (MvIGS) platform for spinal and cranial surgeries.
The agreement allows SeaSpine to offer a customized, best-in-class navigational solution to its hospital and surgeon customers on a non-exclusive basis. Financial terms were not disclosed.
The 7D Surgical MvIGS system is the only approved image guidance system that utilizes a novel and proprietary camera-based technology and machine-vision algorithms to eliminate the long-standing frustrations with legacy surgical navigational platforms. The system uses only visible light, eliminating patient and staff exposure to intraoperative radiation, which is common with other technologies. This results in a registration workflow that takes just seconds and allows the surgeon to control the system from the sterile field.
Keith Valentine, SeaSpine President and Chief Executive Officer, said: “We have been extremely impressed by 7D’s ability to improve surgical workflow and the timing of our collaboration is ideal. With over 12 product launches expected in 2020, including limited commercial launches of our initial 3D-printed offerings and full commercial launches of our foundational Mariner system in additional market segments, such as MIS and deformity, that give us access to over $2 billion in new market opportunities, the introduction of 7D’s best-in-class navigation system further enhances our ability to offer a complete, integrated and seamless procedural solution in spine. Equally important, by using visible light, rather than fluoroscopy, the 7D Surgical System does not expose operating room personnel to unnecessary, additional radiation.”
Beau Standish, 7D Surgical Chief Executive Officer, said: “SeaSpine’s commitment to innovation and the development of complete procedural solutions combining spinal implants and orthobiologics matches perfectly with our surgeon-centric focus on improving operating room workflows. With SeaSpine’s differentiated suite of product offerings, recent capitalization and their expanding customer base, we believe this alliance will greatly expand our commercial reach by providing our hospital customers with a complete surgical solution and a capital-efficient means of acquiring the MvIGS system.”
SeaSpine (www.seaspine.com) is a global medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. SeaSpine has a comprehensive portfolio of orthobiologics and spinal implants solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic and cervical spine. SeaSpine’s orthobiologics products consist of a broad range of advanced and traditional bone graft substitutes that are designed to improve bone fusion rates following a wide range of orthopedic surgeries, including spine, hip, and extremities procedures. SeaSpine’s spinal implants portfolio consists of an extensive line of products to facilitate spinal fusion in degenerative, minimally invasive surgery (MIS), and complex spinal deformity procedures. Expertise in both orthobiologic sciences and spinal implants product development allows SeaSpine to offer its surgeon customers a differentiated portfolio and a complete solution to meet their fusion requirements. SeaSpine currently markets its products in the United States and in approximately 30 countries worldwide through a committed network of increasingly exclusive distribution partners.
About 7D Surgical
7D Surgical is a privately-owned, Toronto-based company that develops advanced optical technologies and machine vision-based registration algorithms to improve surgical workflow and patient care. 7D Surgical’s flagship FDA 510(k)-cleared and Health Canada approved MvIGS system delivers profound improvement to surgical workflows in spine and cranial surgeries. The underlying technology provides the promise of similar future advancements for other surgical specialties. Visit www.7Dsurgical.com to learn more.