Proception is also developing an innovative platform technology for use in bone fusions and fractures. This unique, within-the-bone device provides constant compression and can be created in both 1-piece and 2-piece configurations. It can also be made in numerous sizes, shapes and compression strengths to match where and how it will be implanted. The proprietary design also incorporates an advanced internal element which is activated after implantation and automatically adapts to its specific environment in response to bone resorption or joint settling.
Proception's platform technology for bone fusions and fractures has the potential to be used anywhere bone fusion is needed. It is a simple, elegant alternative to:
The first medical device product candidate in development at Proception Medical is a novel orthopedic implant for the correction of hallux abducto valgus, a deformity of the foot which is more commonly referred to as a bunion. A bunion is a bony bump that forms on the joint at the base of the big toe. The bunion forms when the big toe pushes against the next toe, forcing the joint of the big toe to become larger and stick out. The exact cause of bunions is unknown, but is thought to be of genetic or hormonal etiology, and then exacerbated by the use of constricting footware.
In U.S., an estimated 60 million have some degree of foot deformity, with approximately one third of these, or 20 million American suffering from pain or discomfort. There were 361,000 bunion surgeries performed in U.S. in 2014 and the number of surgeries is growing at a rate of 4% per year. Current standard of care procedures involve bone cutting (osteotomy) or bone drilling, with the invasiveness and lengthy recovery period discouraging many potential patients from surgery.
Proception's bunion correction device has the following features and benefits:
Proception Medical is currently developing two innovative medical device solutions.