Ascension Orthopedics' Fate May Rest on the Shoulder
After more than a decade of crafting small bone orthopedic implants from its innovative PyroCarbon biomaterial, Ascension is hoping to reach its full potential by obtaining regulatory approval for a line of carbon shoulder replacement systems that might change the way the joint is treated.
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Wright Medical hasn’t enjoyed the smoothest ride over the past 15 years, a stretch that included a spin-out, debt problems, and a buyout, as well as an IPO. All the while, though, the company has proven to be an innovator in the large joints industries and now—under new CEO Gary Henley—it is establishing itself as a force in the extremities and biomaterials markets.
Small Bone Innovations (SBi) hopes its STAR total ankle replacement system will be the catalyst for a shift in ankle procedures away from the fusion surgery standard toward a market dominated by joint replacement. But the barriers in the still-limited ankle replacement space are not trivial