Implanet S.A. has released a progress update on the partnership it entered into with South Korean company L&K BIOMED Co. Ltd. in December 2017. On December 6, IMPLANET announced it had entered into a preliminary agreement concerning the implementation of a worldwide partnership with L&K BIOMED in order to accelerate its expansion, especially in the United States and in Asia.

The distribution agreement with AEGIS SPINE, L&K BIOMED's US subsidiary, has now been completed, in line with previous announcements. IMPLANET will capitalize on the expertise of Aegis Spine to complement the existing commercialization efforts in the United States, the company's priority market. The first surgeries with AEGIS SPINE's KOLs are scheduled for early February.

In conjunction, both companies' Asian and European teams are working on regulatory, marketing and commercial aspects of the two product line launches in their respective markets. L&K BIOMED's technical and sales teams will undergo training at IMPLANET's headquarters in early February. Cross-distribution agreements covering these geographical territories are due to be signed in the next few weeks.