Treace Files Patent Infringement and Unfair Competition Suit to Protect Lapiplasty® Bunion Technology

Core Viewpoint - Treace Medical Concepts, Inc. has filed a lawsuit against Stryker Corporation and its subsidiary Wright Medical Technology, alleging infringement of 9 patents related to its Lapiplasty® 3D Bunion Correction® technologies and unfair competition [1][2]. Company Overview - Treace Medical Concepts is a medical technology company focused on advancing the surgical treatment of bunions and related midfoot deformities, with its flagship products being the Lapiplasty® and Adductoplasty® Procedures [1][4]. - The company estimates that approximately 67 million Americans are affected by bunions, with around 1.1 million being annual surgical candidates [4]. Patent and Legal Actions - The lawsuit seeks injunctive relief and damages, emphasizing Treace's commitment to protecting its intellectual property and investments in research and technology [1][2]. - Treace claims to be the first company to develop and patent an instrumented 3D bunion correction system, which has established a new segment in the US bunion market [2]. Financial Expectations - The company anticipates a 50% improvement in Adjusted EBITDA for 2024 compared to the full-year 2023 and expects to reach Adjusted EBITDA breakeven in 2025 [2].