Aurora Spine shops licensing deal for polyaxial implant system

Aurora Spine (TSX:ASG.V) said today it will look for licensers for its proprietary polyaxial interspinous fusion implant locking system.

The Carlsbad, Calif.-based company said that it will be looking for both industrial and medical applications for the patented tech, entitled polyaxial interspinous fusion implant and bone growth stimulation system.

“Aurora Spine is now offering its new Polyaxial ZIP Interspinous device patent for out-licensing or private label opportunities. The combination of the proven One-Step locking mechanism, with no setscrew, and the polyaxial feature could be a unique opportunity in new product development for orthopedic and other medical and industrial manufacturers,” prez & CEO Trent Northcutt said in a prepared statement.

“Aurora’s patented features offer new design directions for hardware connections that do not rely on conventional threads and screws thus preventing hardware loosening related problems,” CTO Laszlo Garamszegi said in a press release.

In January, Aurora Spine said it named Sarina Mason as its chief financial officer, effective Feb. 6., to replace Eric Fronk, who resigned from the company to pursue other opportunities.

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