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Minute Insight: Augmedics Completes Mop Up Of Surgalign Bankruptcy

 
• By Reed Miller

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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