aap Implantate AG ("aap") announces that it was recently granted a further key European patent for its innovative magnesium implant technology. The patent (EP 2 593 152 B1) describes and protects the process by which aap's magnesium implants are coated. The European patent will now be nationalised in numerous key European markets and published in different languages.
With its resorbable magnesium implant development project aap aims to develop implants that degrade biologically in the body after a successful healing of the fracture or defect, thereby making a second operation to remove the implant unnecessary. The implant must have good biomechanical properties for stabilising and healing the bone and at the same time be resorbable in the patient's body. The implants are small screws and plates consisting of a magnesium alloy and are coated with hydroxyapatite by means of a plasma electrolytic oxidation (PEO) process. The hydroxyapatite coating serves to control the implant's corrosion rate (speed of degradation) respectively the hydrogen development associated with the corrosion.
aap's resorbable magnesium implant technology has several unique selling propositions such as cost efficiency as well as good biomechanical properties combined with a moderate and controllable resorption rate. These properties have been proven in several tests with promising results. In addition, the resorbable magnesium implant technology developed by the company has - as a platform technology - a wide range of applications and can be used not only in orthopaedics but also, for example, in areas such as facial surgery, sports medicine or paediatrics.
The magnesium implant technology addresses a big cost saving potential in the healthcare industry and therefore offers aap a considerable market potential. aap aims in a first step for the US market for mini and small fragment plates with an estimated volume of around US$ 0.6 bn. The global market volume is estimated to about US$ 1.3 bn. aap plans to push forward the further development of its magnesium implant technology jointly with partners under aap's management.
aap Implantate AG (ISIN DE0005066609) - Prime Standard/Regulated Market - All German stock markets -
About aap Implantate AG
aap Implantate AG is a globally operating medical device company headquartered in Berlin, Germany. The company develops, manufactures and markets trauma products for orthopaedics. The IP protected portfolio includes besides the innovative anatomical plating system LOQTEQ(R) and trauma complementary biomaterials a wide range of cannulated screws as well as standard plates and screws. Furthermore, aap Implantate AG has an innovation pipeline with promising development projects as the antibacterial silver coating technology and magnesium based implants. These technologies address critical problems in surgery that haven't yet been resolved adequately. In German-speaking Europe aap Implantate AG directly sells its products to hospitals, buying syndicates and hospital groups while it uses a broad network of distributors in more than 25 countries at the international level. aap Implantate AG's stock is listed in the Prime Standard segment of Frankfurt Stock Exchange (XETRA: AAQ.DE). For more information, please visit www.aap.de, or download the Company's investor relations app from the Apple's App Store or Google Play.
This release may contain forward-looking statements based on current experience, estimates and projections of the management board and currently available information. They are not guarantees of future performance. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Many factors could cause the actual results, performance or achievements of aap to be materially different from those that may be expressed or implied by such statements. These factors include those discussed in aap's public reports. Forward-looking statements therefore speak only as of the date they are made. aap does not assume any obligation to update the forward-looking statements contained in this release or to conform them to future events or developments.
For inquiries please contact:
aap Implantate AG; Fabian Franke; Investor Relations; Lorenzweg 5; 12099 Berlin, Germany;
Tel.: +49/30/750 19 - 134; Fax.: +49/30/750 19 - 290; firstname.lastname@example.org
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