Welcome to our dedicated page for Treace Medical Concepts news (Ticker: TMCI), a resource for investors and traders seeking the latest updates and insights on Treace Medical Concepts stock.
Treace Medical Concepts, Inc. develops and markets orthopaedic medical devices for the surgical treatment of bunions and related midfoot deformities. Its updates center on the Lapiplasty® 3D Bunion Correction procedure and related technologies used by surgeons, ambulatory surgery centers and hospitals.
Recurring news themes for TMCI include quarterly and annual financial results, revenue guidance, surgeon adoption, cash and liquidity updates, product introductions and clinical data. Company announcements also cover additions to the bunion and midfoot technology portfolio, including SuperBite™ Compression Screw System, Lapiplasty® Lightning™ technology, SpeedMTP® and IntelliGuide® PSI, as well as patent portfolio activity and presentations at foot and ankle surgery conferences.
Treace Medical Concepts (TMCI) announces new product innovations at the 2022 ACFAS Annual Scientific Conference in Austin, Texas, from February 24-27. Key highlights include:
- Lapiplasty® 3-n-1™ Guide: A precision instrument designed to enhance the efficiency of the bunion correction procedure.
- Adductoplasty™ Midfoot Correction System: Expansion of the system to improve efficiency and treat various midfoot conditions.
- Lapiplasty® S4A Anatomic Plating System: Next-generation titanium plates for improved surgical outcomes.
- SpeedRelease™ and TriTome™ Instruments: New cutting tools for enhanced surgical release.
Treace Medical Concepts (NasdaqGS: TMCI) will announce its financial results for Q4 and the full year of 2021 on March 3, 2022, after market close. A conference call is scheduled for 4:30 p.m. ET, where management will discuss these results. Interested investors can join the call by dialing (888) 708-0264 domestically or (720) 405-2122 internationally, using Conference ID: 6356356. Treace is known for the Lapiplasty® 3D Bunion Correction™ System and recently introduced the Adductoplasty™ Midfoot Correction System to enhance treatment options for bunion deformities.
Treace Medical Concepts (TMCI) announced the podium presentation of interim analysis data from its ALIGN3D™ clinical study at the ACFAS Annual Scientific Conference from February 24-27, 2022, in Austin, Texas. The presentation, led by Dr. George Tye Liu, will focus on a five-year multicenter study evaluating outcomes of the Lapiplasty® 3D Bunion Correction™. The study, involving 173 patients, aims to assess the effectiveness of correcting hallux valgus deformity with a focus on various clinical outcomes. Final follow-up for primary endpoints is expected in the first half of 2023.
Treace Medical Concepts (TMCI) announced the granting of U.S. Patent No. 11,213,333 for its innovative bunion correction technology. This patent enhances Treace's robust patent portfolio, which includes over 40 granted patents and more than 50 pending applications globally. The patent covers a technique utilizing a bone preparation and positioning guide for bunion correction, further solidifying Treace's commitment to surgical innovation. CEO John T. Treace emphasized the significance of this patent in advancing treatment options for bunion patients.
Treace Medical Concepts (TMCI) announced preliminary unaudited revenue results for Q4 and full year 2021, projecting revenues between $33.1 million to $33.4 million for Q4 and $94.1 million to $94.4 million for the year, marking a growth of 37% to 39% and 64% to 65% year-over-year, respectively. The company highlights a 53% to 54% sequential revenue increase from Q3 2021. CEO John T. Treace expressed confidence in their market position and the effectiveness of their Lapiplasty® System. Financial guidance for 2022 is expected during their upcoming earnings call.
Treace Medical Concepts (Nasdaq: TMCI) announced its participation in the 40th Annual J.P. Morgan Healthcare Conference, scheduled for January 12, 2022, at 4:30 p.m. ET. CEO John T. Treace and CFO Mark L. Hair will present at this prominent event. A live webcast and replay will be accessible on the company's Investor Relations website. Treace specializes in orthopedic medical devices aimed at treating bunions, highlighting their patented Lapiplasty® 3D Bunion Correction™ system and the Adductoplasty™ Midfoot Correction System.
Treace Medical Concepts, Inc. (Nasdaq: TMCI) announced the granting of U.S. Patent No. 11,185,359 for a "Bone Positioning Guide" related to bunion correction surgery. Additionally, the U.S. Patent Office issued a Notice of Allowance for a pending application on similar techniques. These developments enhance Treace's patent portfolio, which now includes over 35 granted patents and 60 pending applications globally. CEO John T. Treace emphasized the importance of these patents in reinforcing the company's commitment to innovation in bunion surgery.
Treace Medical Concepts (Nasdaq: TMCI) has announced participation in the Stifel 2021 Virtual Healthcare Conference on November 15, 2021, at 9:20 am ET. CEO John T. Treace and CFO Mark L. Hair will engage in a fireside chat. The event aims to highlight Treace's advancements in treating hallux valgus (bunions) through their patented Lapiplasty® 3D Bunion Correction™ system and the recently introduced Adductoplasty™ Midfoot Correction System, which addresses complex foot deformities and enhances patient recovery.
Treace Medical Concepts (TMCI) reported Q3 2021 revenue of $21.6 million, marking a 52% increase year-over-year and a 4.7% sequential rise. The gross margin improved to 80.4%, up 80 basis points from the previous year. Key developments included the launch of the Adductoplasty™ System and positive interim data from the ALIGN3D™ clinical study, which showed low recurrence rates post-surgery. Despite pandemic challenges, the firm reaffirms its 2021 revenue guidance of $90 million to $95 million, projecting 57% to 65% growth over 2020.
Treace Medical Concepts (TMCI) announced the granting of U.S. Patent No. 11,147,590 for its bunion surgery method on October 19, 2021, enhancing its patent coverage in bunion correction techniques. This marks the company's 30th U.S. patent, expanding its innovative portfolio initiated in 2014. The new patent complements U.S. Patent No. 10,945,764, granted in March 2021. Treace’s ongoing R&D efforts aim to address patient needs, with over 60 pending patent applications globally, including over 30 in the U.S.