Market News
New product launches
- In 2021, Royal Biologics, an ortho-biologics company focused on autologous and live cellular solutions, announced the U.S. FDA 510K approval of its Maxx-PRP concentration system. Maxx-PRP is a patented next-generation concentration device that can be used to concentrate autologous whole blood for the safe and rapid preparation of platelet-rich plasma to use point of care for mixing with autograft and/or allograft to improve handling characteristics.
- In 2018, APEX Biologix launched a new XCELL PRP system. The XCELL PRP system has a specialized concentrating device that helps to shorten the total processing time and reduce human error compared to other systems.
- In August 2019, Healeon Medical, Inc., a wholly owned subsidiary of Bimini Health Tech, commercial-stage medical device and biologics company, received the U.S. FDA 510 (K) clearance approval for its Healeon Duet (BK200449), a novel blood separation system for platelet rich plasma (PRP) preparation
Acquisition and partnerships
- In October 2018, Arthrex Inc., a global medical device company, built a new state-of-the-art surgical device and implant manufacturing facility in Anderson County, South Carolina, U.S This investment is a part of Arthrex’s global expansion plan to support the development of new and innovative products that help surgeons treat their patients better.