Alphatec Spine, a Carlsbad, Calif.-based spine device company, reported first quarter revenue of $49.7 million, which represents a 40.9 percent growth over the first quarter of 2010, according to a company news release.
Dirk Kuyper, Alphatec Spine president and CEO, attributes the company's success to a successful showing in the Japanese, Asian Pacific and Latin American markets in addition to the United States. During this quarter, the company received a boost from increasing sales of the PureGen product and the FDA clearance of the Solus anterior lumbar interbody fusion system.
The domestic market contributed $33.9 million to the company's overall revenue, and its international revenue more than doubled since the first quarter of last year, representing $15.9 million. The company plans on focusing efforts on laser technology for the aging spine, minimally invasive procedures and biologics to gain a global share of the spine market, Mr. Kuyper said in the report.
Read the release on the financial results from Alphatec Spine.
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Dirk Kuyper, Alphatec Spine president and CEO, attributes the company's success to a successful showing in the Japanese, Asian Pacific and Latin American markets in addition to the United States. During this quarter, the company received a boost from increasing sales of the PureGen product and the FDA clearance of the Solus anterior lumbar interbody fusion system.
The domestic market contributed $33.9 million to the company's overall revenue, and its international revenue more than doubled since the first quarter of last year, representing $15.9 million. The company plans on focusing efforts on laser technology for the aging spine, minimally invasive procedures and biologics to gain a global share of the spine market, Mr. Kuyper said in the report.
Read the release on the financial results from Alphatec Spine.
Read Articles Related to Alphatec Spine:
Alphatec Spine Signs Agreement With Merlot OrthopediX for Spine Surgery Technology
Alphatec Holdings Names Former Johnson & Johnson Exec New CFO
Alphatec Spine Receives 510(k) Clearance for Solus System