Adachi purchases Mazor Robotics' Renaissance surgical guidance system for spine procedures

Mazor RoboticsOct 22 2012

Mazor Robotics Ltd. (TASE:MZOR), a developer of innovative surgical robots and complementary products, today announced that Adachi Medical Instruments Co., Mazor's distribution partner in Japan, placed an order for its Renaissance™ system. As part of the distribution agreement, Adachi is committed to obtain Japanese PMDA (Pharmaceuticals and Medical Devices Agency) approval for the Renaissance system. The system purchased will be used to facilitate the PMDA process

“The distribution agreement and initial purchase order from Adachi signifies an important step in expanding the market for Renaissance in Asia”

Japan represents the second largest healthcare market in the world, and its spine market is estimated to be over $400 million with a significant trend towards surgeons performing minimally invasive procedures. It is projected that by 2020, nearly 50% of Japan's population will be over the age of 50, driving the need for improved spinal implant technology.

"We are delighted to partner with Mazor to deliver their innovative products to the Japanese market," commented Saburo Adachi, President of Adachi. "We believe strongly in the strength of a mutually beneficial partnership and look forward to working together with Mazor to meet the requirements of the Japanese government to obtain the necessary approvals and deliver this advanced technology to Japan."

"The distribution agreement and initial purchase order from Adachi signifies an important step in expanding the market for Renaissance in Asia," said Ori Hadomi, Chief Executive Officer of Mazor. "Adachi is an 80 year-old family-owned business that has established relationships with leading hospitals and medical organizations. It has significant experience in distributing leading medical technology and clearing the regulatory hurdles. We're so pleased to enter the Japanese market with Adachi as our partner."

Renaissance, Mazor Robotics' next generation surgical guidance system for spine procedures, is transforming spine surgery from freehand operations to highly-accurate, state-of-the-art procedures, with less radiation - even for minimally invasive surgery, scoliosis, and other complex spinal deformity cases. It is the only robotic technology for spine surgery available in the marketplace.