Catalyst OrthoScience speaks with SmartTRAK at the Orthopedic Summit Meeting (OSET) 2017 regarding the Company’s next generation total shoulder solution and its strategy for competing with the big players in this space
The Catalyst CSR Total Shoulder System is the result of the visionary insight of Steven Goldberg, MD, a fellowship-trained orthopedic surgeon and shoulder specialist, who devised the next generation, higher precision, less-invasive total shoulder solution with a greatly simplified method of implant placement. In 2011, Dr. Goldberg began development of the revolutionary implant with the new shape and created prototypes using a 3D printing service. Armed with two U.S. provisional patents and positive feedback from several prominent shoulder specialists, the Catalyst CSR Total Shoulder System was born.
Click on the video below to view SmartTRAK’s interview with Dr. Steven Goldberg, Founder & CMO, of Catalyst OrthoScience recorded live at the OSET meeting 2017. (04:02 minutes)
Trend #1: Consolidation on a Large Scale Done, Mostly Tuck-In Acquisitions Going Forward
Now that the Zimmer Biomet merger is a done deal, the number of major players in the arthroscopy/sports medicine market has dwindled to a mere five. Consolidation has already hit this market with Smith & Nephew’s (S&N) $1.6B acquisition of Arthrocare in 2014 and CONMED’s partnership with MTF’s Sports Medicine subsidiary in 2012. Interestingly enough, Medtronic inherited a line of soft tissue fixation devices from their recent purchase of Covidien, however, it is not certain what the Company will do, if anything, with these products. As a result of these recent take-outs, exhibitors on the floor of the American Association of Sports Medicine (AOSSM) meeting in Orlando in July were noticeably fewer with the usual suspects, Arthrex, S&N, Zimmer Biomet, and Stryker, only getting larger. M&A going forward will likely result in smaller deals such as Stryker’s 2013 acquisition of hip arthroscopy developer, Pivot Medical, as companies look to fill gaps in their product portfolio.