NEW YORK, Oct. 19 /PRNewswire/ -- Viscogliosi Bros. LLC ("VB"), a closely-held venture capital/private equity and merchant banking firm focused on developing and financing life-changing musculoskeletal/orthopedic technologies, announced that it had changed the name of Spine Motion, LLC, the spine non-fusion company it founded in 2004, to Paradigm Spine, LLC.
Marc R. Viscogliosi, Chairman and CEO of Paradigm Spine, said: "We made the change after it emerged that there was confusion in the marketplace caused by several other new companies and funds using the words 'spine' and 'motion' or variations thereof. The selection of Paradigm Spine actually better reflects our core technology."
Paradigm Spine is a company focused on providing indication specific posterior non-fusion solutions for orthopedic spine surgeons and neurosurgeons focused on treating spinal conditions and diseases.
The company's founding philosophy is "Surgeon Centric, Indication Specific, Data Driven", and focuses on providing the best clinical outcomes for patients suffering from chronic back pain.
The company is concentrating on two non-fusion technologies. One is the coflex(TM), a posterior non-fusion interspinous dynamically-functional implant, which has a long clinical history of over a decade of use and has been implanted in more than 10,000 patients suffering from low back pain and lumbar spinal stenosis.
Paradigm Spine's other core platform is Orthobiom(TM) technology, also in development for over a decade, to treat adolescent idiopathic scoliosis. It is a condition in children which causes severe curvature of the spine usually surgically-treated with a spinal fusion procedure. Orthobiom(TM) is a non- fusion alternative designed to preserve the motion and growth of the child's spine. It is a revolutionary product that could potentially help the lives of tens of thousands of children each year.
The coflex(TM) implant is based upon the "Interspinous U" invented by Dr. Jacques Samani, in 1994, and acquired by VB through its purchase of Fixano, SAS. Dr. Samani said "I believe VB's acquisition of the Interspinous U, paired with the launch of Paradigm Spine and its next generation coflex(TM) device will lead to expanded use of the technology."
Paradigm Spine has also established international operations in Wurmlingen, Germany, and formed Paradigm Spine GmbH. Guntmar Eisen, President, International, said: "Paradigm Spine GmbH has built a sophisticated team of 20 people with significant experience in the spine industry, including a six-member German direct sales force, to capitalize on the results of retrospective studies and continuing research and development."
About Viscogliosi Bros., LLC
Established by Marc R. Viscogliosi, John J. Viscogliosi and Anthony G. Viscogliosi in New York City, in 1999, VB is the first venture capital/private equity and merchant banking firm dedicated to the $26.4 billion musculoskeletal/orthopedics device sector of the health care industry.
Today, VB is a leading independent firm, with a mission to create, build and finance companies founded on innovations developed by surgeons and uniquely focused on "life-changing" musculoskeletal/orthopedic technologies. VB has worldwide surgeon, industry and trade relationships and significant financial expertise in the musculoskeletal/orthopedic sector.
As principals of VB, the Viscogliosi brothers have a combined total of more than 35 years experience analyzing and investing in the musculoskeletal/orthopedics sector. They have pioneered innovative financial, strategic and management initiatives for companies in the sector, from start- up, seed and development stage all the way to exit, while helping thousands of people lead better lives through the orthopedic and spinal products marketed and sold by the companies they have assisted in developing and financing.
For more, visit: www.vbllc.com and www.paradigmspine.com
Viscogliosi Bros., LLCCONTACT: Marc R. Viscogliosi of Paradigm Spine, LLC, +1-212-583-9700 ext.103; or Chris Storer of Creative Partners, +1-203-705-9219, orcstorer@creativepartners.com
