Kuros Biosciences USA, Inc. Announces an Exclusive Strategic Agreement with the Medtronic Spinal Division
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Kuros Biosciences USA, Inc. has entered into a five-year exclusive strategic agreement with Medtronic's Spinal Division. Medtronic will act as the exclusive sales agent for Kuros' MagnetOs bone grafting technology in specific U.S. spine surgery markets. Kuros will maintain responsibility for contracts and revenue recognition, while Medtronic will handle sales and marketing in agreed territories.
January 07, 2025 | 6:30 am
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Medtronic has signed a five-year exclusive agreement with Kuros Biosciences to sell MagnetOs in specific U.S. spine markets. This partnership could enhance Medtronic's product offerings in the spine surgery sector.
The partnership with Kuros Biosciences allows Medtronic to exclusively sell a pioneering bone grafting technology, potentially increasing its market share and product offerings in the spine surgery sector. This strategic move is likely to positively impact Medtronic's short-term stock performance.
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