DGAP-News: SHS Gesellschaft für Beteiligungsmanagement mbH / Key word(s): Investment/Private Equity
SHS is investing in Blue Ocean Spine, a medtech firm based in Tuttlingen, Germany, and specializing in functional spinal implants
Tübingen, Germany, January 12, 2021
SHS Gesellschaft für Beteiligungsmanagement mbH, of Tübingen, Germany, is the lead investor in Blue Ocean Spine GmbH, a Tuttlingen, Germany-based specialist for functional spinal implants. This marks the second collaboration for SHS and the founder of Blue Ocean Spine, Guntmar Eisen, following a successful investment in EIT Emerging Implant Technologies GmbH which has been acquired by an international medtech corporate in 2018. In contrast to conventional cage implants for use in the intervertebral spaces, implants by Blue Ocean Spine will permit surgeons to eliminate additional screw connections. Surgeons will also be freed from the need to maintain an inventory of a large number of implant variations in different sizes and dimensions. This will make operations more efficient for surgeons and safer for patients.
In Western societies, backaches rank among the most widespread forms of pain. While most back complaints nowadays are treated conservatively, i.e. with medicines and physical therapy, there are also severe degenerative diseases - usually accompanied by instability of the spine - that can only be treated with surgery.
A stiffening implant is usually used to stabilize the spine. The intervertebral disc spacer, the so-called "cage", is implanted and fixed between the vertebrae. In most cases, additional stabilization is provided using screws and systems of rods.
An innovative, customizable spinal implant
Guntmar Eisen, an experienced engineer, and his company Blue Ocean Spine of Tuttlingen, Germany, are now developing a portfolio of innovative, functional and adaptable cage systems - with some of these implants able to get by without any additional screw fixation at all.
"Blue Ocean Spine systems are next-generation cage implants," according to Patrick Frohnheiser, Investment Manager at SHS. "They make interventions quicker and safer. We are convinced that these systems will prevail, and we intend to assist Blue Ocean Spine with equity and our broad network."
The range of implants by Blue Ocean Spine are manufactured using 3D printing. This results in considerable cost savings over competitor systems. So-called "expandable cages" are independently adjustable in terms of height, width and lumbar angle. Until now, a clinic had to maintain a range of rigid cage implants in different versions for different patients. This is complicated and costly. The new generation of Blue Ocean spine cages, on the other hand, will significantly reduce these costs in the future. Other models from the Blue Ocean Spine portfolio feature integrated anchors that a surgeon can securely fix between a patient's vertebrae in just a few steps. This favors minimally invasive access techniques. In some cases, additional screw connections are rendered obsolete altogether.
Continuing a successful partnership
"We are delighted to have SHS back on board as an experienced industry investor. Now we can work at full steam to develop and manufacture our innovative cage implants," according to company founder Guntmar Eisen, who has been working on behalf of spinal surgery for more than 25 years and has already started and sold a number of innovative firms. "If all goes according to plan, by 2022 we will apply for FDA approval in the US, which is the largest market for spinal implants."
"Guntmar Eisen is one of Germany's most successful entrepreneurs in the field of medical technology. We are very much looking forward to continuing this partnership in a spirit of mutual trust. Blue Ocean Spine is an excellent addition, with a great deal of potential for our fifth fund generation," according to Dr. Bernhard Schirmers, Managing Partner at SHS.
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About Blue Ocean Spine GmbH:
Next-generation implants: Tuttlingen-based Blue Ocean Spine's 3D-printed spinal implant with integrated fixation
12.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.