Minute Insight: Augmedics Completes Mop Up Of Surgalign Bankruptcy

Surgalign was forced into bankruptcy after falling foul of the US SEC, leaving Audmedics to pick up its digital health assets for the bargain price of $900,000.

Minute Insight
• Source: Citeline/Alamy

After filing for chapter 11 bankruptcy in June, Surgalign has officially shut down, with its assets sold off to two parties – Xtant and Augmedics.

Xtant, developers of orthobiologics and spinal fixation systems, purchased Surgalign’s international biologics and spinal fixation assets for $5m. Xtant previously acquired Surgalign's Coflex interlaminar stabilization technology and Cofix lumbar spinal...

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