CLIENT FEATURE: Ortho RTI (ORTH: CSE) (ORTIF: OTC) Set to Revolutionize the Soft Tissue Repair Market
posted on
May 21, 2021 04:04PM
Chitogenx is in the regulatory lead for regenerative products + signs MOU with major Medical Institute
ORTHO Regenerative Technologies is a cutting-edge med tech firm that uses its proprietary RESTORE technology platform to dramatically improve the success rate of orthopedic and sports medicine surgeries.
The firm recently appointed Patrick O’Donnell to its board of directors.
HOW BIG IS THE SOFT TISSUE REPAIR MARKET?
US$5bn MARKET OPPORTUNITY
Rotator Cuff Tear
Meniscus Tear Repair
Cartilage Lesions Repair
STANDARD OF CARE SURGERY HAS HIGH FAILURE RATE
HENCE THE STRONG NEED FOR MORE EFFECTIVE TREATMENTS
ORTHO-R® TECHNOLOGY – NEW PARADIGM
ORTHO-R EASY TO USE AND ADDS 8-10 MINUTES TO STANDARD OF CARE SURGERY
Ortho RTI has submitted an Investigational New Drug ("IND") application to the U.S. Food and Drug Administration ("FDA") for the initiation of a Phase I/II clinical trial of ORTHO-R in rotator cuff tear repair.
"The IND submission for our first ORTHO-R human trial is a key milestone for the Company. It brings us one step closer to the enrollment of our first patient, a recognized value creation event in our industry", said Claude LeDuc, President and CEO of Ortho RTI.
"There is a clear need for improved rotator cuff tear repair treatments, as estimates have put the re-tear (or non-healing) rate at an average of 50%. With more than 600,000 patients undergoing rotator cuff surgery every year in the U.S., this represents an enormous commercial opportunity, and as demonstrated in 2020 by our GLP preclinical program results, we strongly believe that ORTHO-R can help address these significant unmet needs and meaningfully improve the success rate of these surgeries."
The Phase I/II clinical trial is a prospective, randomized, controlled and blinded study to evaluate the safety and efficacy of ORTHO-R + standard of care surgery vs standard of care surgery alone in rotator cuff tear repair. The clinical trial will enroll a total of 78 patients at 6 to 10 clinical sites throughout the U.S. Enrollment is expected to begin in Q2 of 2021.
FULL DISCLOSURE: Ortho Regenerative Technologies is an advertising client of AGORA Internet Relations Corp.