Aclarion, ATEC execute strategic partnership agreement

Aclarion has executed a strategic partnership agreement solidifying the previously signed non-binding Letter of Intent with Alphatec Spine, Inc., the wholly owned operating subsidiary of Alphatec Holdings. Uniting the unique structural information powered by ATEC‘s AlphaInformatiX platform with the innovative biomarker data that enables Aclarion’s Nociscan solution to help identify potentially painful discs will provide surgeons with unprecedented data on one platform. That platform will be designed to improve clinical outcomes, while reducing overall procedural costs for patients with chronic low back pain. The agreement memorializes a multi-step strategic partnership in which ATEC and Aclarion have committed to work together to identify key opinion leader surgeons to evaluate the Nociscan technology. Feedback from the surgeons will inform clinical evaluations designed to assess the utility of Nociscan in conjunction with EOS imaging, the foundation of ATEC’s AlphaInformatiX platform. As positive synergies emerge, ATEC and Aclarion intend to co-market Nociscan in targeted markets. In exchange for select access to ATEC’s surgeon network for the evaluation and advancement of Nociscan, Aclarion has agreed to provide ATEC with certain exclusive distribution rights to include Nociscan as part of an integrated procedural solution.