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LDR Holding partners with Poly-Shape
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LDR Holding Corporation recently announced in a press release that its wholly owned subsidiary, LDR Médical SAS, has made a minority investment in Poly-Shape SAS, a French manufacturing company that specializes in laser sintering, and entered into an exclusive partnership with Poly-Shape for the development of spinal implants.
The financial terms of the investment and agreement were not disclosed. The agreement was made official in the fourth quarter of 2015 and includes additional investment by ALIAD, a venture-capital affiliate of Air Liquide.
LDR will hold a seat on the Poly-Shape board of directors, and the companies have already announced the expectation of newly designed spinal implants produced with Poly-Shape technology as early as mid-2017, according to the release.
“As a company with a passion for innovation, LDR is pleased with this alliance. Poly-Shape has developed a reputation for its novel manufacturing techniques, and for the production of parts that meet the rigorous quality and functional standards of its clients, which include Formula One race teams and companies developing aerospace applications,” Christopher Lavigne, president and chief executive officer of LDR, said in the release.
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