Warsaw company joins national alliance to improve pediatric orthopedic devices
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A Warsaw-based pediatric orthopedics company will partner with a Washington D.C. hospital to improve the development and commercialization of medical devices for children.
OrthoPediatrics Corp. will work with Children’s National Hospital and other members under the initiative Alliance for Pediatric Device Innovation (APDI). The company says it will act as a strategic advisor and role model for development.
The APDI has received a $7.5 million grant from the U.S. Food and Drug Administration. The five years of funding will be dedicated to creating a platform of services, expertise and funding that supports bringing innovative, helpful products to market.
OrthoPediatrics said in a news release that pediatric medical device development lags because of the small market size, complexities of designing devices for growing children and lack of financial incentives.
“We are excited to join the APDI with our partners at Children’s National Hospital and John’s Hopkins University,” OrthoPediatrics President and CEO David Bailey said in the release. “This coalition of thought-leaders will help us advance all aspects of pediatric medicine for years to come. Since the inception of the company, OP has been focused exclusively on improving healthcare for KIDS, and this will further enable us to reach more patients with devices and treatment options that are designed specifically for them.”
Other consortium members include Johns Hopkins University, CIMIT at Mass General Brigham, the Tufts Medical Center and the Medstar Health Research Institute. MedTech Color and Radiological Health will also be involved.