Treace sues Stryker for patent infringement on Lapiplasty bunion technology; reaffirms guidance

TREACE MEDICAL CONCEPTS, INC.

Filed suit against Stryker and Wright Medical alleging infringement of 9 patents related to Lapiplasty 3D Bunion Correction.
Suit filed in U.S. District Court for the District of New Jersey; seeks injunctive relief and damages.
Treace reaffirms 2024 Adjusted EBITDA improvement of ~50% vs 2023 and expects breakeven in 2025.
John Treace, CEO, states the suit aims to protect investments in pioneering research and technology.

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