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PONTE VEDRA, Fla., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of bunions and related midfoot deformities through its flagship Lapiplasty® and Adductoplasty® Procedures, today announced the successful completion of the first cases combining IntelliGuideTM PSI technology with the Adductoplasty® System for a CT-based, patient specific correction personalized to the patient’s unique midfoot deformity. IntelliGuideTM PSI, incorporating RedPointTM technology, is the first and only patient-specific cut guide system available for correction of bunion and/or midfoot deformities in the U.S. IntelliGuideTM PSI provides an AI-enabled software approach to convert a patient’s CT-scan to a pre-operative surgical plan and produce a 3D-printed cut guide specific to the patient’s deformity for efficient and personalized intra-operative guidance. It is estimated that midfoot deformities, such as metatarsus adductus, may occur in up to 30% of bunion patients. 1,2 Treace has now initiated a limited market release of IntelliGuideTM PSI for the Adductoplasty® Procedure and plans to expand surgeon access of IntelliGuideTM for both the Lapiplasty® and Adductoplasty® procedures progressively over the coming months with full market release expected within the first half of 2025. “IntelliGuideTM PSI further advances our market leadership position in the surgical management of bunion and midfoot deformities, extending the established benefits of PSI personalized approaches to our Lapiplasty® and Adductoplasty® Procedures,” said John T. Treace, CEO, Founder and Board Member of Treace. “We look forward to further building out our ecosystem of enabling digital technologies as part of our strategy to provide a comprehensive portfolio of bunion and related midfoot solutions to address the evolving needs of our surgeon customers and patients.” Eric Kuhlman, DPM of Center for Spine & Orthopedics in Denver, who performed an initial IntelliGuideTM Adductoplasty® case commented, “This technology is going to revolutionize the way that I approach treating patients with bunion and related midfoot deformities. The virtual planning process helped me fully visualize the complex three-dimensional metatarsus adductus midfoot correction before stepping foot in the OR and the 3D-printed cut guides added a new level of intra-operative precision, efficiency, and confidence to the procedure. Just as PSI has advanced other areas of orthopedics, I expect IntelliGuideTM PSI to rapidly expand our understanding and treatment of these common, yet challenging foot deformities.” Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, the Company’s expectations of innovation, product commercialization, market performance, and growth. Forward-looking statements are based on management’s current assumptions and expectations of future events and trends, which affect or may affect the Company’s business, strategy, operations or financial performance, and actual results and other events may differ materially from those expressed or implied in such statements due to numerous risks and uncertainties. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Factors that could cause actual results or other events to differ materially from those contemplated in this press release can be found in the Risk Factors section of Treace’s public filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on February 27, 2024, and its subsequent SEC filings. Because forward-looking statements are inherently subject to risks and uncertainties, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements speak only as of their date and, except to the extent required by law, the Company undertakes no obligation to update these statements, whether as a result of any new information, future developments or otherwise. Internet Posting of Information Treace routinely posts information that may be important to investors in the “Investor Relations” section of its website at www.treace.com . The Company encourages investors and potential investors to consult the Treace website regularly for important information about Treace. About Treace Medical Concepts Treace Medical Concepts, Inc. is a medical technology company with the goal of advancing the standard of care for the surgical management of bunion and related midfoot deformities. Bunions are complex 3-dimensional deformities that originate from an unstable joint in the middle of the foot and affect approximately 67 million Americans, of which Treace estimates 1.1 million are annual surgical candidates. Treace has pioneered and patented the Lapiplasty® 3D Bunion Correction® System – a combination of instruments, implants, and surgical methods designed to surgically correct all three planes of the bunion deformity and secure the unstable joint, addressing the root cause of the bunion and helping patients get back to their active lifestyles. To further support the needs of bunion patients, Treace has introduced its Adductoplasty® Midfoot Correction System, designed for reproducible surgical correction of midfoot deformities. The Company continues to expand its footprint in the foot and ankle market with the introduction of its SpeedPlateTM Rapid Compression Implants, an innovative fixation platform with broad versatility across Lapiplasty® and Adductoplasty® procedures, as well as other common bone fusion procedures of the foot. For more information, please visit www.treace.com . To learn more about Treace, connect with us on LinkedIn , X , Facebook and Instagram . 1. Aiyer AA, et al. Foot Ankle Int. 2014; 35:1292-1297. 2. Gribbin CK, et al. Foot Ankle Int. 2017; 38:14-19. Contacts : Treace Medical Concepts Mark L. Hair Chief Financial Officer mhair@treace.net (904) 373-5940 Investors : Gilmartin Group Vivian Cervantes IR@treace.net
How Washington outsider Jimmy Carter wooed voters tired of Vietnam and WatergateLILM Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Against Lilium N.V.In an unprecedented diplomatic move, President-elect Donald Trump has extended an invitation to Chinese President Xi Jinping to attend his inauguration on January 20. According to Trump's spokesperson, this gesture highlights his willingness to maintain open dialogues with global leaders, even those who are competitors or adversaries. Despite criticism during his first term for similar actions, Trump's team insists that dialogues like these are crucial for maintaining worldwide peace. Incoming White House Press Secretary Karoline Leavitte emphasized that Trump places America's interests at the forefront of such international engagements, though it's unclear if Xi Jinping has accepted the invitation. The current administration, while withholding comments on the invitation, recognizes the progress made in US-China relations. White House representative John Kirby emphasized the significance of this bilateral relationship, acknowledging persistent disagreements but also the critical opportunities it presents for future US diplomacy. (With inputs from agencies.)Nebraska saw a football player announce a transfer for a third straight day Wednesday, this time a rotational member of the defensive line. Kai Wallin will move on after two seasons as a Husker, he announced on social media. He appeared in 11 games this fall with four tackles and recorded half a sack at Purdue. The 6-foot-5, 250-pounder said he “deliberated, consulted and prayed” about his decision. “While I hope to continue to grow and evolve and make an impact on a new field, I will never forget the honor it was to wear a Nebraska jersey,” Wallin wrote in part. Wallin played a year of junior-college ball before arriving at Nebraska in 2023. The Sacramento native redshirted his first season before logging 89 snaps this year including 13 against Wisconsin. He saw single-digit snaps in five games behind a senior-heavy starting line. The defender has two years of eligibility remaining. Wallin is the 10th Husker to announce his intent to enter the transfer portal since Nov. 25. Migration among defenders has been higher as defensive coordinator Tony White and defensive line coach Terrance Knighton both left in recent days for Florida State. NU coach Matt Rhule said earlier Wednesday the roster churn – especially attrition – will continue in earnest as the team continues to trim closer to next season’s mandated limit of 105. “There’s going to be more,” Rhule said. “Everybody’s journey is different.” Get local news delivered to your inbox!
Blowout loss to Packers leaves the 49ers on the playoff brinkHow did it come to this? Login or signup to continue reading It was half an hour before the first Newcastle students had planned to walk out of school in 2018 in protest. They were following the example set by revered, and in some circles reviled, climate action protester Greta Thunberg. The adults were killing the planet they lived on. They knew they were doing it; decades of scientific consensus had told them so. They just didn't care. The kids were not OK. And in the absence of an adult to speak for them, they were taking up the fight for themselves. Alexa Stuart, then 15, knew the action was coming. Her mum had asked if she wanted to join them. She said she did not. "I had something on at school that day," she recalls, phrasing the memory half as a question. "But I overheard some of my friends saying that they were going, and I got this really strong urge that I had to be there. I knew I cared about the environment, and I felt that if this was something that I cared about, I had to show up. "I panicked and called my sister, who is older than me and was going, and said, 'You have to come pick me up'." They rode into town together on her sister's bike. They were late. But the moment was profound. "I felt so powerful and inspired and angry and hopeful, marching down the street with hundreds of other kids, chanting at the top of our lungs," she said. "It was a day when I got a taste of what agency can look like for young people who can't vote or have much say on this issue, which will have the biggest impact on us." Stuart would go on to lead the Newcastle school strike movement with a band of friends and classmates. Over the next few years, countless students would follow them. Protests would be staged every few months, drawing masses of children and teens angry at the apathy of the grown-ups, and there were those who hated them for it. They had asked for a world that could sustain life beyond their own , and there were those who threatened to rape them for it. Stuart stopped reading the comments, returned to school, and graduated. A pandemic soon followed. The children's strike movement wound down in the face of that other existential threat, and the former Lambton high student took a gap year to figure some things out. She made art, participated in a few smaller protests, and considered a move to Melbourne to study at the Victorian College of the Arts. There is a version of this story where she accepted that offer to study, moved out of the Hunter, took a different path, and let her activism dissolve into a quiet liberal adulthood where she hangs art in her home and might have become a teacher. Stuart often volunteers to teach primary school ethics and has an affinity with children. But these are things relegated to the hypothetical. What has been seen cannot then be unseen. In August 2022, a sleeping climate action group called Rising Tide was revived by a former teacher turned full-time climate campaigner with a clear goal rooted in the Hunter. The group had been active in a localised way from around 2005 to 2012, but its resurrection would turn outwards to bigger quarry. The Port of Newcastle exported more coal than anywhere else in the world, and that statistic would make it Rising Tide's white whale. It was a clear and tangible target in the tangled web of a problem with no clear and tangible solutions. If the planet was choking on fossil fuel combustion, Rising Tide demanded it stay in the ground. If they were told that the action they wanted to see was economically unfeasible, they would demand the funds be taxed from the industry pouring coal out of the harbour for profit. The group has often claimed to be the fastest-growing climate action cause in the country, though it has no formalised membership other than a database of those who have registered their participation in its protests. Its leaders say it has a spectrum of involvement, from those who are engaged in its efforts effectively full-time to those who show up to support its actions. It holds weekly meetings in Newcastle that are regularly attended by over 30 people, though that number has ballooned to more than 60 in the lead-up to this week's "protestival". Off-shoot hubs have sprung up around the country. In the past year, the group has stopped coal trains in the Hunter, blockaded the harbour in a flotilla of kayaks for 30 hours, and drawn the ire of the NSW Government as they tried to host a similar event this week. Earlier this month, the NSW Supreme Court ruled for the state's police, declaring the planned harbour blockade an unauthorised assembly, effectively denying the protesters the legal exemptions from move-on orders and the access to the Newcastle shipping channel that they had last year. While not illegal, the protest would be forbidden from undertaking any unlawful activity. The state's transport department was similarly employed in the clamp-down , declaring an exclusion zone across the harbour last weekend, cutting protesters off from the water. The group would launch an 11th-hour challenge to overturn the lockout. They would learn they were successful with less than an hour to spare . The boats launched on Thursday as the encampment in Newcastle's Foreshore Park grew in an action that was expected to draw thousands. Transport for NSW has said t he exclusion zone was declared over concerns for safety . Meanwhile, Port of Newcastle boss Craig Carmody has called the protest, and newly-elected lord mayor Ross Kerridge's support of it, a "direct and intentional disregard" for the decision made by the court and police. Councillor Kerridge's deputy, Callum Pull, has similarly denounced the movement as "nothing but disruptive". Nationals Senator Ross Cadell, who criticised the City's support, said the activists were "maintaining a rage" that should not exist. Both sides of government had committed to addressing climate change by 2050, he said. "Just because they don't like the pace or the way it is going on, they get to whinge and shut down a city that's been built on this? That's wrong." The Port of Newcastle has long held the title of the world's largest single coal export hub, but by 2021, its lead was narrowing. In 2022, wet weather, rail maintenance and labour shortages caused a significant dip in output. By 2023, North Queensland was catching up, and the total local export for that year barely outstretched that of the previous one. While Newcastle remains the larger export port, Queensland exports greater quantities of coal through a network of harbours, while NSW centralises its output through Newcastle and Wollongong. At each turn, Rising Tide has framed the state's response as evidence their action has been effective - that they are pressing where it hurts. Still, as the years drag on, there is a growing weariness in the cause as the promise of direct action dissolves like ink in the tide. At Nobbys beach last weekend, Mina Bui Jones had come to support the response to the state's exclusion zone. The weekend's protest would be her second with Rising Tide after she returned from living abroad last year, saw a poster for the blockade and felt compelled to get involved. "My whole life, I've been signing petitions, composting, recycling, writing letters, marching on World Environment Day," she said. "I'm 50, and I remember hearing about the greenhouse effect in high school. My kids have now grown up and become adults, and in that time, it has only got worse. "So many of us have been so earnest and so good. We worry about whether we drive our cars. I've ridden a bicycle where I can, I've been a vegetarian. So many of my friends and family - everyone - have been trying to do the right thing. Meanwhile, you have coal companies that really could make a difference. I'm washing out my compost bucket and doing weed control with my Landcare group, I'm only buying second-hand clothes, and I think, 'Come on, guys'. "We're all making an effort at an individual level, but it is a systemic problem. It needs systemic action." The renewed Rising Tide group marked the second anniversary of its first protest action earlier this month . Stuart said they are in a building phase, in which they are working towards a critical mass of supporters to stage sustained pressure to force the action they are demanding. Still, though the exact point at which that critical mass is achieved was unclear (she estimates the group could reach it in 2026), she maintains that her protest is a means to an end, not an end in itself. "We have a really clear strategy," she said. "And I think that is something that some social movements don't have. Looking back, that is one of my reflections on the school strike movement. We found this great tactic, and we went on strike, and then we went on strike again, and our strikes were getting bigger. That was awesome, but we had less of a clear strategy of how to create the change we wanted. "History has shown that things can change really quickly. It may not seem like it now, but movements can explode, and governments can change their position when public sentiment changes. I think that is what COVID showed - that if there is political will, things can change incredibly quickly. When we start treating this like a crisis, we can create massive changes. But, if there is not the visible demonstration of people, if there's not the visible public demonstration of people's concern about the issue, then our politicians have no reason to act in that way." There have been 12 blockades in the Newcastle Harbour since 2006, with the intent to block the shipping channel, but Rising Tide mounted the longest in that time over the weekend of November 25, 2023. The Port of Newcastle had come to a standstill for the weekend, effectively waiting out the demonstration, and started up again almost immediately after it ended. When the deadline expired, a group of protesters remained in the channel, and supporters on the beach began to chant: "Floods, fires, famine, we are terrified. We shall overcome like a rising tide." Police boats approached and arrested more than 100 people. One was Stuart's 97-year-old grandfather, Alan Stuart, a retired Uniting Church minister. He said that while climate disaster would not happen in his lifetime, his concern for future generations compelled him to participate in the struggle. "What happens to me doesn't matter, but what is happening to the climate and the impact on future generations does matter," he said. "They are just going to suffer; it will ruin their lives. I want them to have as good a life as I have had." Both Stuart's grandparents were ministers of the Uniting Church. Her parents did not practice in faith, and Stuart said she is not religious. "You need to have faith in humanity," she said. "Otherwise, you fall into despair. I think that is what keeps me going: looking at the good and believing that we can change. If you don't believe that, I think it is very depressing. "I genuinely don't read the comments. I know that people won't like what we have to say, but I can live with that. That is a reality of social movements; people who we now look back on with immense respect and admiration were hated when they were alive. "When I grow old, I want to know that I have done everything that I could, and if I have children or grandchildren, I want to be able to look them in the eye and say that I tried." When I suggest, over coffee at Bank Corner on a sunny day earlier this month, that it was small comfort to think that being right could make her a martyr, she laughed softly. "I guess so," she said. "I don't know." But then again, she never reads the comments. Simon McCarthy is a journalist with the Newcastle Herald and its sister publications in the Hunter region of New South Wales (NSW). He has contributed stories, photography, video and other multimedia to the pages of the Herald and its Saturday magazine, Weekender, since 2017. In 2020, he co-created the Toohey's News podcast, which he produced for four years with sports writer Barry Toohey until the show's indefinite hiatus. Since early 2023, he has served as the paper's Topics columnist and, more recently, returned to reporting with an interest in deep-dive stories that illustrate the issues shaping daily life in Newcastle and the region.McCarthy has reported for Australian Community Media (ACM) since 2013, first as a general news and sports writer for the Glen Innes Examiner and later as a group journalist and producer for the publisher's New England regional titles. He joined the Newcastle Herald newsroom as a digital producer in 2017 before returning to reporting in early 2023.He had previously worked for the Northern Daily Leader in Tamworth.McCarthy was born in the New England region of NSW, where he grew up, and graduated with a Bachelor of Arts from Southern Cross University in 2012. He covers general news, culture and community issues, with a focus on the Herald Weekender.He is a member of the Media Entertainment and Arts Alliance (MEAA) and adheres to its codes of ethics for journalists.Contact: simon.mccarthy@newcastleherald.com.au Simon McCarthy is a journalist with the Newcastle Herald and its sister publications in the Hunter region of New South Wales (NSW). He has contributed stories, photography, video and other multimedia to the pages of the Herald and its Saturday magazine, Weekender, since 2017. In 2020, he co-created the Toohey's News podcast, which he produced for four years with sports writer Barry Toohey until the show's indefinite hiatus. Since early 2023, he has served as the paper's Topics columnist and, more recently, returned to reporting with an interest in deep-dive stories that illustrate the issues shaping daily life in Newcastle and the region.McCarthy has reported for Australian Community Media (ACM) since 2013, first as a general news and sports writer for the Glen Innes Examiner and later as a group journalist and producer for the publisher's New England regional titles. He joined the Newcastle Herald newsroom as a digital producer in 2017 before returning to reporting in early 2023.He had previously worked for the Northern Daily Leader in Tamworth.McCarthy was born in the New England region of NSW, where he grew up, and graduated with a Bachelor of Arts from Southern Cross University in 2012. 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The fury over the state of U.S. health care isn't going away. It's been a week since UnitedHealthcare CEO Brian Thompson was shot and killed in Manhattan. That shocking, targeted killing has also sparked a reckoning over the business he ran, in a country that has the most expensive health care in the world. Thompson led the largest U.S. health insurer, part of a massive, for-profit conglomerate that touches almost every part of how Americans access health care. His company has been widely criticized for making health care more expensive and more difficult to access. And those frustrations have boiled over in the response to his death, ranging from widespread jokes to outright celebrations. UnitedHealth has not directly responded to the widespread consumer criticisms since last week; a spokesperson for UnitedHealth declined to comment to NPR for this story. This week, after police arrested Luigi Mangione for the fatal shooting, some even rushed to support him. An online fundraiser for Mangione's legal defense had raised more than $65,000 by Thursday evening. Meanwhile, social-media videos showed "wanted" posters for other CEOs posted in downtown Manhattan. "We're facing an apocalyptic moment in the human story, where hundreds of thousands of Americans are going bankrupt because of medical bills – and the executive suites of these private health insurance [companies] are laughing all the way to the bank," says Sam Beard, an organizer of the Mangione legal-defense fundraiser. This rhetoric echoes the last time that consumers broadly mobilized to protest against powerful corporations and their wealthy executives, in the Occupy Wall Street movement in late 2011 that swept the country after the financial crisis. Those Occupy protests ultimately did not yield immediate consequences for the companies or CEOs they criticized; no Wall Street chief executives ever went to jail for the business decisions that led to the subprime mortgage crisis or the resulting waves of foreclosures. But those protests did articulate an overwhelming populist anger with the United States' stark income inequality . Now the response to Thompson's killing "has become a kind of marker of our age of inequality, where people feel fairly powerless," says Helaine Olen, managing editor at the American Economic Liberties Project, an anti-monopoly nonprofit. That populism and economic fatigue remains a powerful force in U.S. politics today, as inflation-weary voters recently demonstrated by reelecting former President Donald Trump. As Olen adds, "You've seen this really from the time of the financial crisis onward: There's just this sense of 'how can I get a fair deal'?" Consumers' sense of powerlessness is often amplified when dealing with health insurance companies, which govern the care that patients receive. But navigating those huge and opaque companies can be maddening at best , and consumers rarely have much of a say; for about 154 million Americans, employers select and provide health insurance coverage. UnitedHealth is the most dominant of these. It's the fourth-largest U.S. company by revenues overall, with divisions that employ doctors , provide pharmacy benefits , and process patients' medical claims. It — along with its largest competitors — is the subject of antitrust scrutiny , consumer lawsuits over widespread denials of claims, and bipartisan criticism. This week, Democratic Sen. Elizabeth Warren of Massachusetts and Republican Sen. Josh Hawley of Missouri introduced legislation that would break up large healthcare conglomerates, including UnitedHealth. "The insurance companies are out of control. They need to be broken up," Hawley said on X . "No more buying up doctors' practices. No more owning pharmacies. Start putting patients first." Everyone interviewed for this story emphasized the need for change, and many health care providers are hoping that some good can come out of this tragic event. "This is not a heroic vigilante, and it's important that he be brought to justice," says Dr. A. Mark Fendrick of the University of Michigan. "That said, maybe there's a tiny lesson we could learn to move forward." Fendrick studies ways to improve health insurance and advocates for a more wholistic approach of what is known as "value-based" insurance. He published an article in a medical journal last week urging the healthcare industry to rethink how it does business and the kinds of services it charges higher prices for. "Now, in the wake of a tragedy that has captured the national conscience, might be the time to reframe the dialogue from how much we spend to how well we spend our medical care dollars," Fendrick wrote. Dr. Diana Girnita, a rheumatologist in Irvine, Calif., is already trying a different approach. After years of fighting with insurance companies, Girnita started a direct-care practice that bypasses insurance and offers her services to patients for often-lower fees. She published an article on LinkedIn last week in response to Thompson's death. Its headline asked : "How many more lives must be lost before we change healthcare?" Top executives at large healthcare companies have generally insisted that they are working to improve the quality of care available to all Americans. In an email to employees on Wednesday, UnitedHealth Group CEO Andrew Witty remembered Thompson as "one of the good guys," and shared anonymous testimonials and notes of support from UnitedHealth customers. "I am super proud to be a part of an organization that does so much good for so many," Witty said.
Saquon Barkley becomes ninth running back to rush for 2,000 yards in a seasonWhat is the healthiest shampoo? Dermatologists reveal what to look for
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Jimmy Carter, the 39th president and a Nobel Peace Prize recipient, has died at 100