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SINTX Technologies Acquires SiNAPTIC Surgical Assets and IP to Expand into Foot and Ankle Fusion Market
SINTX Technologies (Salt Lake City, UT/US), an advanced ceramics company focused on medical device innovation, announced that it has executed a Definitive Agreement to acquire the surgical business assets of SiNAPTIC Holdings, LLC, a privately held company focused on silicon nitride ceramic manufacturing and innovation. This transaction is a significant milestone in SINTX’s strategy to acquire a potential competitor and drive commercial revenue growth and expand its product portfolio in the foot and ankle fusion market.
Under the terms of the agreement, SINTX has acquired all intellectual property, product designs, and development assets related to six (6) differentiated foot and ankle implant systems. These designs are backed by clinical development and mechanical testing and a 510(k) pre-submission that is expected to accelerate near-term commercial launch activities. The global ankle fusion market, currently valued at approximately USD 750,5 million, is expected to grow to USD 1,38 billion by 2032, representing a Compound Annual Growth Rate of 9,1 %, according to industry research.
“This acquisition is transformative for SINTX by adding a family of FDA-reviewed implants, portfolio of new technologies, and capital, accelerating our shift from R&D to revenue generation and commercial scale,” said Eric Olson, CEO of SINTX Technologies. “Additionally, the SiNAPTIC team brings deep expertise in product development, regulatory strategy, and commercialization to support our existing commercial product portfolio – key elements in driving increased value for our shareholders.”
As part of the transaction, key members of the SiNAPTIC Surgical executive team and board of directors will join SINTX in the following roles:
– Chairman of SINTX Clinical Advisory Board, Bryan Scheer, M.D.
– Managing Director of Business Development, Hugh Roberts
– Chief Commercial Officer, Lisa Marie Del Re, MPE, ATC, NASM-PES
– Senior Vice President of Regulatory and Quality Affairs, Brian Hockett
– Senior Design Engineer, Basil Tharu, M.S. In addition, Dr. Bryan Scheer, Chairman and CEO of SiNAPTIC, will lead a newly formed Clinical Advisory Board to guide ongoing product development and surgeon engagement.“ This acquisition reflects our shared belief in the transformative potential of silicon nitride ceramic-enhanced implants and the strength of our combined teams,” said Dr. Scheer. “Together, we can accelerate the development of disruptive products and deliver meaningful clinical value.”
www.sintx.com
www.sinaptic.com
