A biotech integrated healthcare holding company focusing on patient care acquired a manufacturer of specialty orthopedic surgery products and tools.
Generex Biotechnology Corporation has completed the acquisition of multi-million dollar Pantheon Medical – Foot & Ankle, a manufacturer of an “all-in-one”, orthopedic integrated kit that includes plates, screws, and tools required for surgeons and podiatrists conducting foot and ankle surgeries.
Travis H. Bird, CEO of Pantheon Medical said, “We have built Pantheon Medical with a commitment to providing our surgeon customers with the highest quality surgical implants and tools in an integrated surgical kit for foot and ankle surgeries. Our standard “All-in-One” kits provide surgeons with an integrated kit of the implants, plates, screws and clips to perform 80% of their surgeries, and the kits can be customized for physician preference, offering convenience and performance at an economic price. We expect that Generex and the NuGenerex MSO will benefit greatly from our partnership and we look forward to bringing our FDA-cleared line of surgical products to the network.”
“We are happy to close the acquisition of Pantheon as we expand our surgical product portfolio that is focused on providing our MSO network with the surgical implants and kits that they routinely utilize in their orthopedic and podiatric practices. Pantheon not only adds immediate revenues and profits to the NuGenerex family of companies, but also brings significant upside opportunities for new FDA-approved product introductions over the next several years,” stated Joe Moscato, CEO of Generex.
Pantheon Medical – Foot & Ankle began operations in 2014 and has manufactured a line of FDA cleared orthopedic products. Over the next three years, the company will be developing and submitting several new product lines to the FDA, which will include cannulated surgical screws, surgical staples, and a proprietary Hammertoe System.
Photo Credit: medicaldevice-network.com
