Your Daily Pharma Scoop: Wright Receives PMA, Allergan And Corbus Report Positive [Seeking Alpha]
WRIGHT MEDICAL GROUP NV (WMGI)
Last wright medical group nv earnings: 2/24 05:04 pm
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US:NASDAQ Investor Relations:
ir.wright.com
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Source: Seeking Alpha
Summary Analysis Focus: WMGI Wright Medical Group N.V. ( WMGI ) stock prices climbed +4.46% to $25.78 on the news of its receipt of FDA premarket approval (‘PMA) for Augment. Augment, an injectable bone graft, is a combination product containing human platelet derived growth factor (rhPDGF-BB) and a blend of Type I collagen and Beta tricalcium phosphate. The combination is used as a safe and effective alternative to autograft for use in hindfoot and ankle fusion in an easy to use flowable formulation. Augment Injectable and Augment Bone Graft are used for the same indication. This is the first injectable protein therapeutic to have prior clinical data to support its safety and efficacy. With the recent FDA clearance it is now ready to enter the U.S, market. The product already has a sizeable market base and successful run in Australia and Canada. In particular, because of its current availability in Canada a number of U.S. doctors who are already aware of the therapy a
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