Paragon 28, Inc. (NYSE: FNA) recently introduced a novel Right-Angle Drill, designed to improve tibia preparation prior to the implantation of the APEX 3D tibia. The Right-Angle Drill will be an addition to the APEX 3D Total Ankle Replacement System.
This recent advancement to the APEX 3D Total Ankle Replacement System should contribute to the long-term success of ankle replacements and ultimately improve surgeon experience and patient outcomes.
Following the launch, shares of Paragon 28 rose 3.1% to $7.72 yesterday. With the company gaining a high level of synergies from its continuously expanding product portfolio within the total ankle replacement industry, we expect market sentiment to remain positive around this development.
About Paragon 28's Right-Angle Drill
The introduction of the Right-Angle Drill is a critical step toward addressing tibia implant loosening, which is the primary cause of total ankle replacement failure. The drill uses a linear guide to precisely drill vertical holes into the tibia for ideal peg placement and a highly stable tibia implant interface. This drill provides surgeons with more precise preparation and promotes better implant integration, thereby improving long-term outcomes for foot and ankle patients.
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