Excellence in Product Innovation Award
Dallas, July 8, 2021 -- Based on the recent research on Regenerative Medicines market, Lucintel is pleased to announce Wright Medical’s AUGMENT® Bone Graft as the recipient of the “2021 Product Innovation Award in Regenerative Medicines Market”. Lucintel chose Wright Medical for this award because of its breakthrough injectable protein therapeutic, which delivers the bone growth potential needed for hindfoot and ankle fusion procedures, thus eliminating the requirement for autograft and the associated morbidities of autograft harvest.
Wright Medical’s AUGMENT® Bone Graft is a combination of device/drug product, which is being developed for use in bone repair and regenerative procedures. It combines recombinant human platelet-derived growth factor B homodimer (rhPDGF-BB) with a bioresorbable synthetic bone matrix (beta-tricalcium phosphate or β-TCP). The rhPDGF-BB functions as a chemo-attractant and mitogen for cells involved in wound healing and through its promotion of angiogenesis at the site of healing. The β-TCP acts as bone void filler to prevent soft tissue from collapsing into the void. When the β-TCP is placed near a viable host bone, it acts as a scaffold for new bone growth.
It is the first clinically proven injectable protein therapeutic, which offers an alternative to autograft in ankle and/or hindfoot fusion procedures. As FDA-approved alternatives to autograft in ankle and/or hindfoot fusion procedures, it offer a clear patient benefit by eliminating the need for secondary surgical sites for the harvest of autograft tissue/bone, thereby avoiding prolonged harvest site pain and other comorbidities in some patient.
Lucintel’s awards in innovation and industry excellence recognize outstanding achievements and latest endeavors by companies in various industries, identifying the most successful, innovative, and forward-thinking companies and products in business today. Lucintel awards are based on systematic and detailed research on the relevant markets to identify and recognize the most successful recent innovations. These initiatives enable companies to demonstrate high levels of industry impact and benefits to end users. To know more contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, a premier market research and Management Consulting firm based in Dallas, Texas, has served over 1,000 clients for over 20 years. With our in-depth analysis and sage advice, Lucintel offers solutions for your growth through game changing ideas and analysis of robust markets and unmet needs. Lucintel has been quoted in esteemed publications, including The Wall Street Journal, ZACKS, and The Financial Times. For further information, visit www.lucintel.com.
About Wright Medical
Wright Medical is headquartered in Amsterdam, Netherlands and is a medical device company, which focuses on providing extremity and biologic solutions that will enable clinicians to alleviate pain and restore their patients’ lifestyles. Wright Medical provides a clinically proven and safe and effective alternative to autograft for use in hindfoot and ankle fusion, as shown in www.wright.com/biologics_self/augment-bone-graft. Company’s aim is to deliver innovative and value-added solutions for improving quality of life for patients worldwide and also to be recognized as a leader of surgical solutions for the upper extremity, lower extremity, and biologics markets. For further information, visit www.wright.com/
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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