Tommy Mitchell have you hit pay dirt? If you have, it couldn't happen to a nicer dude. The scuttle butt on the Street is that Medtronic announced that they have acquired the portfolio of AMT/Spine Source. The Big Blue closed the deal a few weeks ago in quest to enhance and expand their inter body offering. Does this bode well for the boys at VTI? One of our sources has claimed that VTI was attempting to get into a relationship with Medtronic in hopes that they would eventually acquire their IP to the nucleus replacement device. But back to the real story, AMT is based in Nonnweiler, Germany and has developed a comprehensive line of inter body devices. The decision to acquire AMT/SS was based on Medtronic's view that this company had the best technology when it comes to expandable cages.
Medtronic is hoping that with the addition of this technology, and an exceptional sales force, great things will happen. TSB doesn't necessarily believe that this will generate $20 million in new revenue for this fiscal calendar until they build more inventory. So let's give credit where credits due. The Big Blue saw a need, and addressed it. Now its time to back up all that talk, get your distributors and sales people inventory, samples and marketing collaterals or else you'll sell bupkus. Remember what one of our sources has said, you can't sell product if you don't have anything to show, just ask VTI.
Could the acquisition market be heating up? Are expandable cages where its at? Whether you love them or hate them at least MDT is keeping up with the clinical trends. But what does it say about good ole American innovation? Those Germans, first it was the Kuntscher Nail to heal the Luftwaffe, then the Porsche, and now its expandable cages, TSB could hear the cry, the FDA and big government is hindering our ability to innovate. BS. Investors have caught on to some of these impostors and refuse to invest in people that burn through money like there's no end in sight.