San Diego medical device and spine surgery company NuVasive Inc. on Sept. 7 announced that it acquired Vertera Spine, a privately-held medical device company that develops implants for spinal fusion.
Terms of the deal were not disclosed.
As a result of the acquisition, NuVasive in a news release stated that it’s the only medical device company offering porous interbody technology across both polyetheretherketone (PEEK) and titanium materials, addressing a range of surgeons’ needs for implants.
"With the addition of porous PEEK technology, NuVasive takes the next step in building out its advanced materials science technology focused on delivering the highest level of scientifically driven properties for best spinal fusion rates, including porosity, visualization, surface and structure. This in turn helps to create more predictable, improved outcomes for patients undergoing spine surgery," said Gregory Lucier, chairman and chief executive officer of NuVasive.
Vertera Spine's existing interbody product lines will be added to NuVasive's portfolio for U.S. commercial sale and distribution.