|[November 28, 2012]
Precision Spine™ Initiates New Development Effort with Stephen D. Cook, Ph.D.
PARSIPPANY, N.J. --(Business Wire)--
Precision Spine, Inc. announced today that it recently
entered into an exclusive technology development agreement with Stephen
D. Cook, Ph.D.
Dr. Cook is Executive Director and Chief Scientist at the Fellowship of
Orthopaedic Researchers in Metairie, Louisiana. His major areas of
research interest are Spine Devices, Spine Motion Preservation,
Biological Attachment Mechanisms, Mechanics and Histology of Implant
Interfaces, and other related fields.
The agreement specifically relates to the development of spinal implants
based on rare earth magnetic technology, a subject that Dr. Cook has
been researching over the past five years. Rare earth magnets are more
than 500 times stronger than their ferrous counterparts, making it
possible to create enormous compressive and distractive forces with
small implants. The immediate goal of Dr. Cook and Precision Spine will
be to develop applications like spinous process implants that create
dynamic segmental distraction to decompress spinal stenosis, but without
the subsidence of the implant or discomfort that are sometimes
associated with devices used today. Dr. Cook and Precision Spine
anticipate that the same principles wil be applied to decompress
painful facets. They also share a common belief that implanted into the
intervertebral space, rare earth magnets could end the industry's search
for an effective nucleoplasty device by providing powerful and dynamic
decompression of painful and degenerative discs. Dr. Cook stated, "I
look forward to the collaboration of my research laboratories with the
engineering team at Precision Spine. This magnetic technology has the
potential to revolutionize the design and function of spinal implants."
Jim Pastena, CEO of Precision Spine, expressed his enthusiasm about the
agreement, stating, "This new collaboration reflects Precision Spine's
ongoing commitment to advancing spinal technologies. Dr. Cook's personal
involvement will greatly enhance the likelihood of our success in this
endeavor. We believe that our collaboration will result in a Precision
Spine family of 'game changing' products, giving our company unique
competitive advantages in these areas."
Dr. Cook is currently a Clinical Professor in the Departments of
Orthopaedic Surgery and Oral and Maxillofacial Surgery at the Louisiana
State University Health Science Center in New Orleans. He previously
held the position of Lee C. Schlesinger Professor, Department of
Orthopaedic Surgery at Tulane University from 1992 through 2006. He sits
on the editorial boards of several notable journals, including the Journal
of Biomedical Materials Research, Journal of Oral
Implantology, Medical Design and Materials and The Journal
of Arthroplasty. Dr. Cook has over 200 published peer reviewed
clinical papers to his credit.
About Precision Spine
Precision Spine, Inc., the parent company of Spinal USA, Inc., is a
privately held company headquartered in Parsippany, New Jersey, with
manufacturing facilities in Mississippi. Precision Spine is dedicated to
providing innovative, quality spine products that are designed to help
treat serious orthopedic medical conditions in a cost effective manner.
For more information, visit www.precisionspineinc.com.
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