US Spine Revenue Up 40%

US Spine has announced that it has achieved record revenues for its 2009 fiscal year with revenue growth exceeding 40 percent over fiscal 2008, according to a US Spine news release.

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US Spine’s growth is due in part to its Facet Fixation technology, which consists of the Facet Gun and the Facet Bolt. The Gun enables the surgeon to lock the facet joint in two simple steps, while the Bolt is the first and only available locking facet implant, providing stiffness and strength equivalent to conventional devices, but in a less-invasive manner.

To date, surgeons have completed more than 5,300 surgical procedures utilizing US Spine technology, including over 1,600 Facet Bolts implanted in patients, according to the release. 

US Spine has received $2.3 million in debt financing during the current fiscal year and will be launching several innovative new spine surgery products in the next few months, including the Preference 2 Complex Spine System, the Phantom Plus Cage System and the Lock-Tight Facet System.

Read the US Spine release on its FY 2009 earnings.

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