Early study supports experimental hydrogel injection for chronic low back pain

[Image from ReGelTec]A study demonstrated that an experimental hydrogel formulation was safe and effective in substantially relieving chronic low back pain.

Research presented at the Society of Interventional Radiology Annual Scientific Meeting in Boston supported the hydrogel, which was injected into spinal discs in an effort to relieve chronic low back pain caused by degenerative disc disease (DDD).

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Axonics acquires Contura and its Bulkamid bulking agent for $235M

Axonics (NSDQ: AXNX) announced today that it acquired Contura and its flagship Bulkamid product for up to $235 million.

London-based Contura’s Bulkamid is a urethral bulking agent for women with stress urinary incontinence (SUI). It is a next-generation hydrogel injected into the urethral wall in a minimally invasive office or outpatient facility procedure to restore the natural closing pressure of the urethra.

It has been clinically proven to retain its bulking characteristics and maintain efficacy over many years, according to a news release. Bulkamid has held CE Mark approval since 2003 and garnered FDA premarket approval in February 2020 before a limited U.S. rollout in mid-2020.

The acquisition includes a total consideration of $200 million in cash and stock, plus a potential future milestone of $35 million. The upfront consideration is comprised of $141.25 million in cash, plus nearly 1.1 million shares of Axonics stock. The cash is funded wi…

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MIT researchers tout origami-inspired medical patch for internal injuries

Engineers at MIT are touting a medical patch capable of being delivered through narrow spaces to patch up internal injuries.

With inspiration from the art of origami, the engineers designed the patch to be folded around minimally invasive surgical tools and delivered through airways, intestines and other narrow spaces to patch up internal injuries, according to a news release.

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