Axya Medical Inc. Announces Completion of Distribution Agreement with ArthroCare.Business Editors/Health/Medical Writers BEVERLY, Mass.--(BUSINESS WIRE)--May 24, 2004 Axya Medical, Inc., a privately held medical device firm, announced today that it has completed a distribution agreement with Sunnyvale, California based medical device company, ArthroCare, Inc. This agreement provides ArthroCare with an expanded line of bone anchors and select accessories. Paul Fenton, Axya President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. reported "....this distribution will support the joint expansion of our sales in bone anchors, and allows us an increased revenue stream. More importantly it expands and supports our commitment to providing surgeons with the highest quality products for shoulder reconstruction." Axya's patented bone anchors (U.S. Patent #6,610,080) feature an atraumatic suture a·trau·mat·ic suture n. A suture affixed to the end of a small eyeless needle. eyelet, and are designed for the 400,000 patients in the U.S. who each year undergo shoulder surgery for torn rotator cuffs or procedures to treat shoulder instability shoulder instability Orthopedics The weakening of the glenohumeral joint by subluxation or dislocation. See Multidirectional shoulder instability. , including Bankart repairs. These anchors expand ArthroCare's line of products for shoulder surgery, which already includes a full line of cannulae, retractors, and ArthroWands for soft tissue ablation. They are being marketed under the ParaLOK(TM) brand name and are currently available for sale. In addition, Axya has developed an innovative method of utilizing ultrasonic energy to weld polymeric materials used in surgical procedures. Its products have been designed to ultrasonically weld sutures thereby eliminating knot tying by the surgeon, a time consuming, and tedious task. These products have received FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance, CE Mark and are applicable in a variety of arthroscopic and laparoscopic Laparoscopic A minimally-invasive surgical or diagnostic procedure that uses a flexible endoscope (laparoscope) to view and operate on structures in the abdomen. Mentioned in: Obstetrical Emergencies surgical procedures including sports medicine sports medicine, branch of medicine concerned with physical fitness and with the treatment and prevention of injuries and other disorders related to sports. Knee, leg, back, and shoulder injuries; stiffness and pain in joints; tendinitis; "tennis elbow"; and , urology, gynecology and general surgery. |
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