Truist says SeaSpine agreement will help drive growth for OrthoPediatrics

Orthopediatrics

10/09/2021 11:33

** Truist Securities says medical device co  KIDS.O  is
rapidly moving to having one of most robust pediatric scoliosis
portfolios in market
    ** Co on Thursday after market said it has entered into
distribution agreement with SeaSpine  SPNE.O  to exclusively
distribute the latter's 7D Surgical FLASH Navigation platform
for pediatric applications  urn:newsml:reuters.com:*:nGNX5f6HTc
    ** Brokerage says SPNE's imaging technology brings benefit
of reduced radiation exposure to patient and doctor, and will
primarily be applicable in scoliosis procedures for KIDS
    ** Scoliosis is sideways curvature of spine that most often
is diagnosed in adolescents
    ** This is attractive addition that provides significant
opportunity for OrthoPediatrics to potentially build out a novel
market for navigated pediatric spinal surgery, that will help
drive growth - Truist
    ** Avg recommendation of 7 analysts on stock is "buy";
median PT is $78 - Refinitiv data
    ** KIDS had gained 68.12% this year, as of last close

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 806749 8325;))