Applied Spine Technologies Awarded New Patent

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ROCKY HILL, Conn. – (Business Wire) Applied Spine Technologies, Inc. www.appliedspine.com, a medical device company focused on motion preservation of the lumbar spine, has been awarded a new patent titled “Spinal Stabilization Device with Weld Cap”.

U.S. patent No. 7,699,875, issued by the U.S. Patent and Trademark Office on April 20, 2010, claims geometry for a spring based spinal stabilization device including members to mechanically connect the spring to other structural components.

“Enabling a motion preserving device to shorten and lengthen — frequently referred to as interpedicular travel — is a key feature of clinically viable dynamic stabilization devices and springs are one of the best ways to enable interpedicular travel. The challenge associated with the use of springs is connecting the spring to the pedicle screws in a way that can survive the millions of loading cycles expected of the device,” said Bruce Robie, PhD, Vice President of Research and Development for Applied Spine. “This patent protects geometry to take a relatively standard coil spring and incorporate it successfully into a functional dynamic stabilization device.”

“One of the documented clinical benefits of our Stabilimax device is its allowance of significant interpedicular travel,” said Craig Corrance, President and CEO. “The issuance of this patent recognizes the uniqueness associated with our device and adds yet another layer to our patent portfolio, complementing previously issued patents on spring based dynamic stabilization devices and devices that enable dynamic angulation. In combination with two additional notices of allowance already received from the Patent Office, our I.P. portfolio is in a stage of growth, and our expectation is that it will have an increasing impact on pedicle based dynamic stabilization devices over the coming months and years.”

About Applied Spine Technologies Inc., and Stabilimax®

Applied Spine Technologies Inc., headquartered in Rocky Hill, Connecticut, is developing the Stabilimax Dynamic Spine Stabilization System, a posterior dynamic stabilization device designed to support an injured or degenerated spine without eliminating motion. Stabilimax is expected to offer numerous advantages over current spinal fixation products and even new artificial disc products—including a much less invasive and less traumatic implant procedure, maintenance of spine motion and disc function, and the potential to prevent or slow adjacent-segment disc disease.

About the IDE Clinical Trial

Applied Spine Technologies, Inc. is currently conducting a multi-center, randomized, controlled clinical trial in the U.S. to compare posterior dynamic stabilization using the Stabilimax Dynamic Spine Stabilization System to traditional spinal fusion stabilization to treat degenerative lumbar spinal stenosis. AST has enrolled more than 100 patients to date.

Stabilimax is an investigational device in the United States. It is limited by United States (U.S.) Federal Law for investigational use only.

Applied Spine Technologies, Inc.
Terry Brennan, CFO, 866-594-3116
tbrennan@appliedspine.com

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