Orthopediatrics Explained

Orthopediatrics should not be confused with Orthopedics.

OrthoPediatrics
Type:Public
Industry:Medical Device, Biotechnology
Predecessors:-->
Successors:-->
Founded:2006
Traded As:NASDAQ:
Russell 2000 Component
Founders:-->
Hq Location City:Warsaw, Indiana
Hq Location Country:USA
Area Served:Worldwide
Owners:-->

OrthoPediatrics is an American bio-science company engaged in designing, developing, manufacturing, and distributing orthopedic implants and instruments for pediatric issues.[1] It is based in Warsaw, Indiana.[2]

Overview

Founded in 2006, OrthoPediatrics is an orthopedic company focused on providing product offerings to the pediatric orthopedic market to improve the lives of children with orthopedic conditions.[3] [4] They currently market 24 surgical systems spanning trauma and deformity, scoliosis and sports medicine among others.[5] They hold exclusive rights to the Hamann-Todd Human Osteological Collection at the Cleveland Museum of Natural History.[6] The company is dedicated to clinical research and education and licensed its name to establish a 501(c)(3) public charity focused on advancements in the field of pediatric orthopedics.[7]

Capitalization

In October 2017, they went public with a common stock of 4,000,000 shares and raised $52 M with $13 per share.[8] [9] [10]

Partnerships

OrthoPediatrics has partnerships with 31 independent distributors selling products to children's hospital in the United States and 34 countries globally.

They signed a license agreement with the Sydney Children's Hospitals Network in 2016 and a partnership agreement with Mighty Oak Medical for FIREFLY Technology in 2017.[11] [12]

Patents

OrthoPediatrics holds nine patents for bottom loaded pedicle screw, bone screw, graft fixation, bone screw, surgical connectors and instrumentation, pediatric long bone support or fixation plate, pediatric intramedullary nail, compression bone fragment wire, convertible threaded compression device and its method of use.[13]

References

  1. Web site: OrthoPediatrics. craft.co. en. 2018-05-12.
  2. News: OrthoWorx Expands Membership, Welcomes OrthoPediatrics. OrthoWorx. 2018-05-12. en.
  3. News: Xconomy: OrthoPediatrics IPO Raises $52M for Medical Implants and Instruments. 2017-10-12. Xconomy. 2018-05-12. en-US.
  4. Web site: Symmetry Medical Signs Exclusive Supply And Services Agreement With OrthoPediatrics Corp.. www.biocompare.com. en. 2018-05-12.
  5. Web site: Nick Deeter starts OrthoPediatrics 2.0 . orthostreams.com. 28 January 2017 . 2018-05-12.
  6. News: A Tour of OrthoPediatrics: The World's Only Company Dedicated to Orthopedic Implants for Kids . 2016-11-01. Medgadget. 2018-05-12. en-US.
  7. News: OrthoPediatrics Foundation for Education & Research Established as 501(c)(3). 2018-05-12. en.
  8. News: OrthoPediatrics Makes Stock Market Debut in a $52 Million IPO BioSpace. BioSpace. 2018-05-12. en-US.
  9. Web site: Mar 13, 2018 - Novo A Buys OrthoPediatrics Corp, Glaukos Corp, Sells AnaptysBio Inc, Flexion Therapeutics Inc, Reata Pharmaceuticals Inc - GuruFocus.com. www.gurufocus.com. 2018-05-12.
  10. News: OrthoPediatrics Sets Terms For $52 Million IPO. Jones. Donovan. 2017-10-09. Seeking Alpha. 2018-05-12. en-US.
  11. Web site: Mighty Oak Medical and OrthoPediatrics Team Up to Bring Pediatric-Friendly Spinal Navigation to Children's Hospitals – FIREFLY® by Mighty Oak Medical. mightyoakmedical.com. en-US. 2018-05-26.
  12. Web site: OrthoPediatrics, Sydney Children's Finalize Agreement Orthopedics This Week. ryortho.com. 2018-05-26.
  13. Web site: Patents Assigned to OrthoPediatrics Corp. - Justia Patents Search. patents.justia.com. en. 2018-05-26.