MedCAD Launches AccuPlate® Patient-Specific Plates after 510(k) Market Clearance

DALLAS, TX, September 15, 2021 (GLOBENEWSWIRE) — After months of developmental groundwork, MedCAD is proud to officially announce FDA 510(k) market clearance for AccuPlate® Patient-Specific Plates for mandibular reconstructive surgery.

“We’re thrilled to bring AccuPlate to market. It’s a feature-dense product that fits perfectly in our portfolio of Custom Surgical Solutions,” says Nancy Hairston, President & CEO of MedCAD. “Our customized products are designed to help surgeons best meet the needs of individual patients, and AccuPlate does exactly that.”

 

AccuPlate®

MedCAD® AccuPlate® Patient-Specific Plates are used in mandibular reconstruction surgeries to stabilize bone after an osteotomy or traumatic event with or without bone grafts. The design of each plate is based on the patient’s scanned anatomical data in consultation with MedCAD and the surgeon, and milled out of pure, implant-grade titanium. Due to the patient-matched design of AccuPlate, plate bending is not needed, therefore saving time in the operating room and optimizing surgical outcomes. AccuPlate is uniquely designed to meet the needs of each patient and surgeon through a customizable mandible plating solution.

 

AccuPlate® and AccuPlan® System

In tandem with MedCAD’s AccuPlan System 510(k), AccuPlate benefits from the entire surgical planning experience with guided fixation holes, osteotomies and positioning, as well as patient-specific design and comprehensive surgical planning. For example, surgeons are able to prescribe features like fixation hole placement and plate thickness to achieve their planned patient outcomes relative to graft placement in fibula free flap mandibular reconstruction. AccuPlate design specifications are then optimized to work with guides and splints to deliver a Custom Surgical Solution.

AccuPlate market clearance brings customers an entirely new product line for patient-specific fixation plating. As an innovator of patient-matched medical devices, MedCAD continues to build on the power and flexibility of the AccuPlan System.

“Years of intense product development work are clearly paying off with the 510(k) approval of AccuPlate, and our foray into titanium milling is an exciting new venture. Our singular goal is to meet our customers’ needs through new materials, new processes and new products and services,” says Brian Buss, Executive Vice President of MedCAD. “AccuPlate is a compelling new product garnering significant distribution partnership opportunities and driving forward our vision of ‘Restoring Humanity One Patient at a Time.’”

 

About MedCAD 

MedCAD is a privately held company in Dallas, TX. Founded in 2007, MedCAD is a nimble innovator in the patient-matched medical device industry offering cranial implants, patient-matched plating, surgical planning, and 3D modeling products and services. MedCAD is known for its high-quality products, spectacular customer service and concierge-style case management.

 

Forward Looking Statement

Certain information set forth in this presentation contains “forward-looking information”, including “future-oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.

Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

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