Inside Indiana Business
WARSAW – WishBone Medical Inc. has signed a long-term distribution agreement with an Illinois medical device company.
The Warsaw-based company that specializes in pediatric orthopedics says that as part of the deal, it will distribute one of SpineCraft LLC’s spine deformity devices in several markets in the U.S.
The company says it will distribute the ASTRA Spine Deformity System to markets where it has exclusive distribution rights in the pediatric orthopedic deformity space. SpineCraft says the system increases surgeon choice and flexibility when working to correct spinal deformities, as well as shorten surgery time.
“This partnership signals the start of a new era for our company,” Nick Deeter, founder chief executive officer of WishBone, said in a news release. “Per our vision, we aim to cover all pediatric indications in orthopedics and spine. While the ASTRA Spine System will bring significant incremental revenue, we are most excited about the expedited pathway that this creates to delivering sterile packed spine deformity solutions in the future.”
SpineCraft CEO Dr. Wagdy Asaad says the partnership will allow his company to significantly increase its U.S. sales footprint in the pediatric spine deformity space.
Financial terms of the partnership were not disclosed.