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SI-BONE, Inc. Announces iFuse Bedrock Granite Implant System Compatibility with Certain Medtronic CD Horizon Solera 5.5/6.0 System Rods

Key Takeaway: SI-BONE, Inc. has announced that certain Medtronic CD Horizon Solera rods meet the compatibility criteria for its iFuse Bedrock Granite implant system. This confirmation enhances the confidence of spine surgeons when using the Granite implant alongside Medtronic's fixation rods. The iFuse Bedrock Granite, recognized as a Breakthrough Device by the FDA, offers significant advantages over existing alternatives and is associated with a substantial reimbursement for procedures by Medicare. SI-BONE has a strong track record in minimally invasive SI joint surgery and continues to innovate in the field.
Price reaction · baseline $22.61 (2023-09-01 close) · hit after-hours · clean, no other SIBN news in the window
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Market Sentiment Analysis

POSITIVE FACTORS

  • Confirmation of compatibility with Medtronic Solera rods increases market confidence.
  • Strong initial reception of the iFuse Bedrock Granite implant.
  • Designated as a Breakthrough Device by the FDA, signifying innovation.

Full Press Release Details

SANTA CLARA, Calif., Sept. 05, 2023 (GLOBE NEWSWIRE) -- SI-BONE, Inc. (Nasdaq: SIBN), a Silicon Valley-based medical device company focused on sacropelvic surgical solutions, today confirmed that certain CD Horizon® Solera® 5.5mm and 6.0mm posterior spinal fixation rods manufactured by Medtronic Sofamor Danek USA Inc., a division of Medtronic plc, meet SI-BONE’s criteria for compatibility with iFuse Bedrock Granite® indicated in the Granite implant’s instructions for use. A complete list of Medtronic Solera® rods meeting the criteria for compatibility described in Granite’s cleared labeling is available on SI-BONE’s website at: http://www.si-bone.com/granite-implant-solera-compatbibility-criteria.
“Given the strong initial reception for Granite, we are thrilled to confirm that a number of Medtronic’s Solera® rods, used by many spine surgeons, meet Granite’s compatibility criteria,” said Laura Francis, CEO of SI-BONE. “Our existing general rod compatibility clearance, along with confirmation that these Medtronic Solera® rods meet the criteria for compatibility with the Granite implant will give spine surgeons additional confidence in using our leading pelvic fixation implant with the Medtronic Solera® system.”
The iFuse Bedrock Granite implant was cleared by FDA on May 26, 2022. FDA recognized the Granite implant’s significant advantages over existing approved or cleared alternatives in designating the product as a Breakthrough Device. CMS subsequently adopted a New Technology Add-on Payment of up to $9,828 per procedure, based on the individual hospital’s costs, for procedures reimbursed under the Medicare program and incorporating this new technology.
SI-BONE (NASDAQ: SIBN) is a global leader in technology for surgical treatment of musculoskeletal disorders of the sacropelvic anatomy. Since pioneering minimally invasive SI joint surgery in 2009, SI-BONE has supported over 3,000 surgeons in performing a total of over 80,000 sacropelvic procedures. A unique body of clinical evidence supports the use of SI-BONE’s technologies, including two randomized controlled trials and over 120 peer reviewed publications. SI-BONE has leveraged its leadership in minimally invasive SI joint fusion to commercialize novel solutions for adjacent markets, including adult deformity, spinopelvic fixation and pelvic trauma.
For additional information on the company or the products including risks and benefits, please visit www.si-bone.com. For the iFuse Bedrock Granite instructions for use, including indications for use and risk information, please visit www.si-bone.com/label.

Frequently Asked Questions

What compatibility criteria do Medtronic rods meet?

Medtronic’s CD Horizon® Solera® rods meet SI-BONE’s criteria for compatibility with the iFuse Bedrock Granite®.

When was the iFuse Bedrock Granite implant cleared by the FDA?

The iFuse Bedrock Granite implant was cleared by the FDA on May 26, 2022.

What is the New Technology Add-on Payment for Granite procedures?

CMS offers a New Technology Add-on Payment of up to $9,828 per procedure for Granite procedures.

How many sacropelvic procedures has SI-BONE supported?

SI-BONE has supported over 80,000 sacropelvic procedures since 2009.

Where can I find the compatibility list for Medtronic rods?

The complete list of compatible Medtronic Solera® rods is available on SI-BONE’s website.

Last updated: Sep 5, 2023