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TruSpine Technolgs. - Partnership with HD Hospital Device S.R.L.


Announcement provided by

TruSpine Technologies Plc · TSP

25/06/2024 09:15

TruSpine Technolgs. - Partnership with HD Hospital Device S.R.L.
RNS Number : 7754T
TruSpine Technologies PLC
25 June 2024
 

25 June 2024

 

TruSpine Technologies plc

("TruSpine" or the "Company")

 

Heads of Terms Agreed for European Partnership with HD Hospital Device S.R.L.

 

TruSpine Technologies plc, the medical device company focused on the spinal (vertebral) stabilisation market is pleased to announce that it has signed Heads of Terms for a European partnership with HD Hospital Device S.R.L. ("HD"), a long-established medical device business in Italy.

 

The signed Heads of Terms outlines a plan for TruSpine and HD to work together on research and development, developing a European business plan to include potential distribution and manufacturing agreements, subject to agreement on final commercial terms between TruSpine and HD.

 

Whilst the Company continues to engage with the U.S. Food and Drug Administration ("FDA") in relation to its FDA 510(k) application for its Cervi-LOK product, as flagged at the Company's recent AGM, strategic partnerships are a key part of the Company's development.

 

A key element to the strategic partnership strategy will be working with HD, firstly to seek approval for its products and then to develop a commercial business plan.  

 

 

TruSpine Chairman Geoff Miller commented: "We are excited to have agreed a Heads of Terms with HD, a European business which can trace its history back more than 80 years.  This agreement is a significant step forward for the newly restructured TruSpine, and I look forward to working with HDS management to jointly develop our European strategy."

 

HD Director David Nobili added: "We are happy to support TruSpine in developing a generation of life and market changing devices for the good of patients and surgeons."

 

-END-

 

Enquiries:

 

TruSpine Investor Hub 

https://investorhub.truspinetech.com

TruSpine Technologies Plc

Tel: +44 (0)20 7118 0852

Geoff Miller, Non-executive Chairman







Peterhouse Capital Limited (Broker & Financial Adviser)

 
Tel: +44 (0)20 7469 0930

Lucy Williams / Duncan Vasey

 



Novus Communications (PR and IR)

Tel: +44 (0)1273 704 473

Alan Green / Jacqueline Briscoe

 J.Briscoe@novuscomms.com

 

 

Caution regarding forward looking statements

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