DePuy Synthes acquires Expanding Innovations to strengthen spine portfolio

Corporate Action
โดย Medical Device Network·Read original
Summary · why it matters

DePuy Synthes has acquired Expanding Innovations, a move that strengthens the Johnson & Johnson MedTech subsidiary's spine portfolio and its position in the fast-growing expandable interbody cage segment. Terms of the deal were not disclosed. The acquisition brings Expanding Innovations' X-PAC TLIF expandable posterior cage and X-PAC LLIF expandable lateral cage system into DePuy's lineup, complementing its existing TriALTIS spine system and VELYS robotic-assisted surgical platform. DePuy Synthes worldwide president Namal Nawana said the addition furthers the company's commitment to market-leading spine solutions and will strengthen its position in a high-growth segment. The global spine surgery market is forecast to reach around $25.1 billion by 2035, according to GlobalData analysis.

Impact on stocks 2

Biotech & Genomic Medicine▲ · 1 stocks
Johnson & Johnson
JNJ
▲ PositiveTechnologyrelevance

Acquisition of Expanding Innovations strengthens J&J's spine portfolio with new expandable cage products.

Cloud & Digital Infrastructure▲ · 1 stocks

Off-coverage companies 1

Expanding Innovations, Inc.Private▲ Positive
Capitalrelevance

Expanding Innovations was acquired by DePuy Synthes; terms not disclosed but likely positive for the private company.

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