Paragon 28 Launches BEAST™ Cortical Fibers Expanding its Biologics Portfolio

Rhea-AI Summary

Paragon 28, Inc. (NYSE: FNA) Launches BEAST™ Cortical Fibers, a biologic product designed to aid cellular attachment, differentiation, and bone formation. The press release highlights the product's porous structure, flexibility, and ability to support efficient bone remodeling. The company's biologics product offering is further strengthened with this addition, providing innovative solutions for reconstruction and trauma in foot and ankle surgical applications.

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Paragon 28, Inc. (NYSE: FNA) is pleased to announce the launch of its BEAST™ Cortical Fibers which provide an osteoinductive porous structure for cellular attachment and an osteoinductive potential to aid in cellular differentiation and bone formation. These loose cortical fibers are engineered to complement specific surgical applications in the foot and ankle and are flexible upon hydration allowing for application even in extremely challenging fusion locations. The cortical matrix absorbs bioactive fluid including bone marrow aspirate and supports cellular infiltration to drive efficient bone remodeling. Powerful processing capability allows for preservation of native bone morphologic proteins (BMPs) and other growth factors necessary for the promotion of bone formation.

BEAST™ Cortical Fibers (Photo: Business Wire)

The addition of the BEAST™ Cortical Fibers bolsters Paragon 28’s biologics product offering, which includes the PRESERVE™ Bone Wedge System, V92™ and V92™-FC+ Cellular Bone Matrices, MgNum™ Bone Void Filler, Paraderm™ Dermal Matrix, BEAST™ Demineralized Bone Matrices, and Pro3™ Placenta and Cord Regenerative Tissue Matrices. With this comprehensive portfolio, Paragon 28® provides its customers with innovative biologic solutions for reconstruction and trauma.

About Paragon 28, Inc.

Based in Englewood, CO., Paragon 28, is a leading medical device company exclusively focused on the foot and ankle orthopedic market and is dedicated to improving patient lives. From the onset, Paragon 28® has provided innovative orthopedic solutions, procedural approaches and instrumentation that cover a wide range of foot and ankle ailments including fracture fixation, forefoot, ankle, progressive collapsing foot deformity (PCFD) or flatfoot, Charcot foot and orthobiologics. The company designs products with both the patient and surgeon in mind, with the goal of improving outcomes, reducing ailment recurrence and complication rates, and making the procedures simpler, consistent, and reproducible.

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to: Paragon 28’s potential to shape a better future for foot and ankle patients. You are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are only predictions based on our current expectations, estimates, and assumptions, valid only as of the date they are made, and subject to risks and uncertainties, some of which we are not currently aware. Forward‐looking statements should not be read as a guarantee of future performance or results and may not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. These forward‐looking statements are based on Paragon 28’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in such forward‐looking statements as a result of these risks and uncertainties. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Paragon 28’s business in general, see Paragon 28’s current and future reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and its Quarterly Reports on Form 10-Q, as updated periodically with its other filings with the SEC. These forward-looking statements are made as of the date of this press release, and Paragon 28 assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.

Disclaimer

Nothing in this material is intended to provide specific medical advice or to take the place of written law or regulations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231114844880/en/

Investor Contact

Matthew Brinckman

Senior Vice President, Strategy and Investor Relations

Phone: (720) 912-1332

mbrinckman@paragon28.com

Source: Paragon 28, Inc.

FAQ

What are BEAST™ Cortical Fibers?

BEAST™ Cortical Fibers are a biologic product launched by Paragon 28, Inc. (NYSE: FNA) that provide an osteoinductive porous structure for cellular attachment and an osteoinductive potential to aid in cellular differentiation and bone formation.

How do BEAST™ Cortical Fibers support bone remodeling?

The loose cortical fibers are engineered to absorb bioactive fluid including bone marrow aspirate and support cellular infiltration to drive efficient bone remodeling.

What is included in Paragon 28's biologics product offering?

Paragon 28's biologics product offering includes the PRESERVE™ Bone Wedge System, V92™ and V92™-FC+ Cellular Bone Matrices, MgNum™ Bone Void Filler, Paraderm™ Dermal Matrix, BEAST™ Demineralized Bone Matrices, and Pro3™ Placenta and Cord Regenerative Tissue Matrices, providing comprehensive solutions for reconstruction and trauma.

How does BEAST™ Cortical Fibers benefit surgical applications in the foot and ankle?

The product's flexibility upon hydration allows for application even in extremely challenging fusion locations, complementing specific surgical applications in the foot and ankle.