Published: November 18, 2009
Wright Medical Group, Inc. Announces Initial Release of the VALOR Ankle Fusion Nail System
ARLINGTON, Tenn. - (BUSINESS WIRE) - Wright Medical Group, Inc. (NASDAQ: WMGI), a global orthopaedic medical
device company, today announced the limited release of the VALOR Ankle
Fusion Nail. This new product introduction is an important solution for
patients requiring fusion of the ankle joint primarily caused by
arthritis, skeletal deformity or diabetes.
Designed by world-renowned foot and ankle surgeons, the VALOR Ankle
Fusion Nail system is a comprehensive and advanced solution for fusion
of three bones in the foot and ankle: the calcaneus, the talus and the
tibia. The VALOR Ankle Fusion Nail system consists of multiple implant
sizes, lengths and configurations which ensures an accurate fit based on
patients' needs. Each fusion nail implant incorporates an innovative
compression device which allows surgeons to control the compression
between the bone surfaces. This enhanced compression feature is designed
to maximize the likelihood of a solid fusion, thereby alleviating pain.
Carroll P. Jones, M.D. of OrthoCarolina in Charlotte, North Carolina
commented, "The VALOR Ankle Fusion Nail combines traditional
intramedullary fixation techniques with a novel internal compression
technology, efficient and stable instrumentation along with a secure
fixed angled construct. In my opinion, surgeons will find all of these
benefits an improvement over other designs on the market."
"Ankle arthritis is a growing problem, with two million people visiting
the doctor every year because of pain from ankle arthritis or
fractures," states Bob Fencl, Director of Wright's Foot and Ankle
business. "While some of these patients are candidates for our INBONE
total ankle replacement, many are best suited for a traditional fusion
procedure. The addition of the VALOR fusion nail to Wright's portfolio
creates the surgeon convenience of a 'one stop shop' service point in
treating these challenging cases."
"The VALOR Ankle Fusion Nail is the next generation of fixation
technology that incorporates accurate instrumentation for
intra-operative reproducibility. Coupled with the INBONE total ankle
replacement, Wright uniquely offers a comprehensive portfolio of
products to address the challenges associated with complex ankle
surgery," notes Gregory C. Berlet, M.D. of the Orthopedic Foot and Ankle
Center in Columbus, Ohio.
The new VALOR Ankle Fusion Nail will be made available in a
limited-release immediately in the U.S. through Wright's specialized
foot and ankle sales force. Full rollout is expected to be completed by
the second quarter of 2010. Additionally, the system will be marketed in
select countries outside the U.S. through Wright's direct and
distributor-based sales representatives.
The VALOR Ankle Fusion Nail is the latest addition to Wright's
market-leading suite of products for foot and ankle surgeons. These
include the CHARLOTTE family of reconstructive implants, DARCO locked
plating systems, ORTHOLOC polyaxial locking systems, the BIOARCH
subtalar implant, SIDE-KICK External Fixators, CANCELLO-PURE and
BIOFOAM osteotomy wedge systems, ENDO-FUSE intra-osseous implants,
DART-FIRE small screw systems, GRAFTJACKET regenerative tissue matrix,
and the INBONE total ankle replacement.
About Wright
Wright Medical Group, Inc. is a global orthopaedic medical device
company specializing in the design, manufacture and marketing of
reconstructive joint devices and biologics. The Company has been in
business for more than 50 years and markets its products in over 60
countries worldwide. For more information about Wright Medical, visit
our website at www.wmt.com.
This press release contains "forward-looking statements" as
defined under U.S. federal securities laws. These
statements reflect management's current knowledge, assumptions, beliefs,
estimates, and expectations and express management's current views of
future performance, results, and trends and may be identified by their
use of terms such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "plan," "predict," "project," "will," and
other similar terms. Forward-looking statements are
subject to a number of risks and uncertainties that could cause our
actual results to materially differ from those described in the
forward-looking statements. Such risks and uncertainties
include those discussed in our filings with the Securities and Exchange
Commission (including those described in Item 1A of our Annual Report on
Form 10-K for the year ended December 31, 2008, under the heading, "Risk
Factors" and our subsequently filed Exchange Act reports). Readers
should not place undue reliance on forward-looking statements. Such
statements are made as of the date of this press release, and we
undertake no obligation to update such statements after this date.
Wright Medical Group, Inc.
Lance A. Berry, 901-867-4607
or
John
K. Bakewell, 901-867-4527
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