Paragon 28, Inc. FNA recently introduced a novel Right-Angle Drill, designed to improve tibia preparation prior to the implantation of the APEX 3D tibia. The Right-Angle Drill will be an addition to the APEX 3D Total Ankle Replacement System.

This recent advancement to the APEX 3D Total Ankle Replacement System should contribute to the long-term success of ankle replacements and ultimately improve surgeon experience and patient outcomes.

Following the launch, shares of Paragon 28 rose 3.1% to $7.72 yesterday. With the company gaining a high level of synergies from its continuously expanding product portfolio within the total ankle replacement industry, we expect market sentiment to remain positive around this development.

About Paragon 28’s Right-Angle Drill

The introduction of the Right-Angle Drill is a critical step toward addressing tibia implant loosening, which is the primary cause of total ankle replacement failure. The drill uses a linear guide to precisely drill vertical holes into the tibia for ideal peg placement and a highly stable tibia implant interface. This drill provides surgeons with more precise preparation and promotes better implant integration, thereby improving long-term outcomes for foot and ankle patients.

More on the News

The total ankle replacement device's performance is expected to improve with the launch of the Right-Angle Drill. The company has also made a few other instrumental enhancements, including the recently released Polishing Blocks, Square Tip Drill and next-generation Off-Set Impaction Handle.

Paragon 28 will showcase the APEX Right-Angle Drill at the American Orthopaedic Foot & Ankle Society Annual Meeting this week in Vancouver, British Columbia. The company will also showcase the recently launched R3FLEX Stabilization System, along with the SMART28 Case Management Portal. Throughout the meeting, FNA will showcase its other products, including the SMART Bun-Yo-Matic, the FJ2000 Power Console and Burr System, and the PRECISION MIS Bunion System.

Industry Prospects Favor Paragon 28

Per a Global Market Insights (GMI) report, the total ankle replacement market was valued at around $1 billion in 2023 and is expected to reach around $1.6 billion by 2032 at a CAGR of 5.3% during the period.

Key factors expected to spur the market growth include a growing patient preference for joint preservation and restoration, improved surgical outcomes, and ongoing investments in research and development.

 

Image Source: Zacks Investment Research

Other Recent Developments by Paragon 28

Earlier this month, FNA launched the R3FLEX Stabilization System, designed to restore stability to the ankle syndesmosis after suffering an injury from an ankle fracture or high ankle sprain. The latest innovation is aimed at strengthening the company’s syndesmotic injury repair portfolio.