Hatch Medical signs agreement with Majid Shano to broker super-elastic orthopedic stapling technology

Hatch Medical, L.L.C., a medical device incubator and technology brokerage firm, announced today that it has recently entered into an agreement with Majid Shano MB, B.CH., (Munich, Germany) to broker his patented, super-elastic orthopedic stapling technology.

Designed to address the current limitations of osteosynthesis, the surgical procedure that stabilizes and joins the ends of fractured bones by mechanical devices such as metal plates and screws, Dr. Shano's Recover™ orthopedic stapling system is a super-elastic nitinol device with exceptional versatility.

Upon deployment, the Recover™ staples undergo a phase transformation designed to provide continuous reduction forces at the surgical site. Unlike traditional screws and plates that can loosen over time, Recover's™ super-elastic nitinol staples maintain a constant force over the life of the implant. The use of super-elastic nitinol, a biocompatible, shape memory alloy with an established device history, enables Recover™ to provide procedural options unavailable to clinicians utilizing more traditional systems.

"Dr. Shano has a demonstrated passion for improving patient care, and this passion could not be more evident than in his work on the Recover™ system. We are very pleased to be working with Dr. Shano on this exciting opportunity and believe that Recover™ will provide innumerable benefits to clinicians and patients alike," commented Paul Gianneschi, Managing Principal and Founder of Hatch Medical, L.L.C.

Majid Shano MB, B.CH., sports medicine specialist, published author and inventor of the Recover™ orthopedic stapling technology added, "The Recover™ system is the culmination of many years of research and work in the field of sports medicine, and I am anxious for my patients, as well as others around the world, to realize the many benefits of the Recover™ staple. I feel very fortunate to have Hatch Medical representing me and the Recover™ system to the medical device industry, and I look forward to their success."

In 2009, the total orthopedic trauma market was valued at over $3 billion. This market is estimated to grow at 8.2% through 2016. In 2009, the fastest growing segments of the trauma market were intramedullary nails, plates and screws.

Recover™ orthopedic stapling technology is being made available for licensing or acquisition to interested third party industry members through an exclusive agreement with Hatch Medical.

Source:

Hatch Medical, L.L.C.

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