Orthofix Announces Publication of New Data Supporting Use of PEMF Stimulation in Lumbar Spine Fusion Procedures for Patients at Risk of Pseudarthrosis
Portfolio Pulse from Benzinga Newsdesk
Orthofix Medical Inc. (NASDAQ:OFIX) announced the publication of new data supporting the use of PEMF stimulation with their SpinalStim device in lumbar spine fusion procedures. The study, published in the International Journal of Spine Surgery, showed successful fusion and significant improvements in patients at risk of pseudarthrosis.
December 21, 2023 | 12:05 pm
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POSITIVE IMPACT
Orthofix's publication of positive study results for its SpinalStim device could boost investor confidence and potentially increase product demand, leading to positive short term stock performance.
The publication of positive data from a multicenter study is likely to be viewed favorably by investors and could lead to increased adoption of the SpinalStim device. This may result in higher sales and revenue for Orthofix, positively impacting the stock price in the short term. The study's focus on patients at risk of pseudarthrosis, a condition that can complicate spinal fusion surgeries, highlights the device's potential benefits in a challenging patient population, which could further drive demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100