LDR Medical and LDR Spine Merge to Create LDR Holding Corporation; New Headquarters to be in Austin, Texas -- Original Founder will Relocate and Lead Entity.AUSTIN, Texas -- LDR See photocell. has combined two separate organizations: LDR Medical, a French-based organization, and LDR Spine, a U.S.-based organization, to create LDR Holding Corporation. LDR, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , is an innovator in both non-fusion and fusion spinal implants. The new entity will be headquartered in Austin, Texas and led by Christophe Lavigne. Mr. Lavigne is an original founder of LDR Medical and has relocated to Austin to lead the newly merged organization. The new structure was created to better align company strategies and to heighten height·en v. height·ened, height·en·ing, height·ens v.tr. 1. To raise or increase the quantity or degree of; intensify. 2. To make high or higher; raise. v.intr. LDR's visibility as a global, integrated company within the spine industry. LDR was founded in 2000 by seasoned spine executives based in Troyes, France and now has sales in over 26 countries worldwide. Recently, the company has focused efforts in the U.S. market by launching an investigational device exemption An Investigational Device Exemption (IDE) allows the investigational device to be used in a clinical study in order to collect safety and effectiveness data required to support a Premarket Approval (PMA) application or a Premarket Notification [510(k)] submission to Food and study (IDE (1) (Integrated Development Environment) A set of programs run from a single user interface. For example, programming languages often include a text editor, compiler and debugger, which are all activated and function from a common menu. ) for its second generation Mobi-C(R) cervical artificial disc. They are also creating a sales force to introduce its innovative line of spinal fusion spinal fusion n. A surgical procedure in which vertebrae are joined. Also called spondylosyndesis. Spinal fusion products into the highly competitive U.S. market. Mr. Lavigne comments, "Our company has grown by helping European surgeons create new, innovative spine implants that address unmet or underserved needs. We are excited about creating these same types of relationships with U.S. surgeons. Our founders and investors thought it was important to have the new headquarters in the U.S. I agreed and have relocated to lead the critical steps towards our continued growth." Caution: The Mobi-C(R) Cervical Disc Prosthesis prosthesis (prŏs`thĭsĭs): see artificial limb. prosthesis Artificial substitute for a missing part of the body, usually an arm or leg. is an investigational device and is limited by federal law to investigational use only. About LDR LDR supplies surgeons worldwide with innovative spinal solutions for fusion and non-fusion needs. The company works closely with surgeons to develop implantable systems and instrumentation that restore optimum stability and mobility to patients, and make spine surgery more reproducible and easier to perform. More information is located at www.ldrspine.com. |
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