The Malvern Orthopaedic Company
New orthopaedics available on NHS through insurance link up
The Malvern Orthopaedic Company’s breakthrough Leg Support and Leg Exerciser will soon be available on the NHS, following a link up with ADF Insurance by Life Science specialists myM-link.
With two innovative products to aid rehabilitation of the lower limb about to enter clinical trials, the Malvern Orthopaedic Company identified a need for public and product liability insurance, which is required before a medical device manufacturer can trade with the NHS. This rare and hugely expensive policy can prove a barrier for some start-ups, but myM-link’s expert team were able to arrange a link up with ADF Insurance, a niche medical broker.
ADF Insurance was able to provide £5 million of cover for the ‘The Devon Leg Support’, which allows the surgeon to effectively control the position of the lower limb of a patient whilst in bed in terms of rotation, angulation and elevation, and ‘The G-Knee(r) Leg Exerciser’, which provides active restoration of range of movement of the lower limb following injury or surgery.
Helping companies bring new technologies to market is a core strength of the myM-link team.
Manager Sue Wilde said: “I’m pleased that ADF Insurance and The Malvern Orthopaedic Company have been able to work together, and that the link up has ensured an important new product can progress to clinical trials and start helping patients. We have spent time understanding the core strengths of both these members, so we are able to look for commercial opportunities that were mutually beneficial and once again, we’ve been able to make the right match.”
Andrew Flavell, Director of ADF Insurance added: “We’ve had a number of introductions to new clients through myM-link, and this long-term relationship with The Malvern Orthopaedic Company is very exciting for us. They are an innovative, forward-looking company who are bringing an important new technology to market to help patients.
“The medical market is so specialist that it’s important we keep up to date with the latest trends and developments. Our membership to myM-link really helps us understand our customers and meet new ones.”
For more information about how ADF Insurance can arrange medical device insurance please contact us.