We are a commercial-stage orthopaedic medical device company driving a paradigm shift in the surgical treatment of Hallux Valgus (commonly known as bunions). We have pioneered our proprietary Lapiplasty 3D Bunion Correction System—a combination of instruments, implants and surgical methods designed to improve the inconsistent clinical outcomes of traditional approaches to bunion surgery. Although bunions are deformities typically caused by an unstable joint in the middle of the foot that leads to a three-dimensional (3D) misalignment in the foot’s anatomical structure, the majority of traditional surgical approaches focus on correcting the deformity from a two-dimensional (2D) perspective and therefore fail to address the root cause of the disorder. To effectively restore the normal anatomy of bunion patients, we believe addressing the root cause of the bunion is critical and have developed the Lapiplasty System to correct the deformity across all three anatomic dimensions. Our mission is to be the leader in the surgical treatment of bunions by establishing the Lapiplasty System as the standard of care.
We are a medical device company that specializes in the design, manufacture, and marketing of device and/or biologic solutions for foot and ankle surgeons. We are committed to operating our business with the highest standards of ethical conduct. We will exceed our customers’ expectations through an innovation-driven, high-velocity approach to solving treatment and surgical problems. With our products and services, our mission is to assist foot and ankle surgeons in improving patient outcomes and reducing healthcare costs, while providing a rewarding experience for our employees and an exceptional return for our shareholders.
Our Core Values and Beliefs
We believe a strong culture of integrity and compliance is critically important to building a world class business. Our Shared Values support our commitment to this philosophy.
- Always do the right thing for our customers, employees, and shareholders.
- Have a passion for your job and enlist the willing cooperation of others.
- Have a sense of urgency to win every day.
- Don’t run out of cash – no matter what.
- No surprises – tell the bad news first, not last.
- Create true value – not through paper or gimmicks.
- Maintain an employee-friendly environment.
- Only surround yourself with high performers.
- Those buy from those who teach.
- Be careful – a little success can create a lot of overhead.
- Have fun with your job!
To support its commitment to a strong culture of integrity and compliance, Treace Medical Concepts, Inc. (“TMC” or the “Company”) endorses and abides by the Advanced Medical Technology Association Code of Ethics on Interactions with Healthcare Professionals (“AdvaMed Code”) designed to promote ethical and appropriate interactions. The AdvaMed Code is available on the website of The Advanced Medical Technology Association at this link. The Company’s robust compliance program has received AdvaMed Certification.
California Health and Safety Code §§ 119400–119402 Declaration
The Company declares that:
i. It is in the business of designing, manufacturing and selling orthopaedic medical devices. As a medical device manufacturer, it endorses and abides by the AdvaMed Code. In addition, in accordance with the California Marketing Practices Act (California Health and Safety Code §§ 119400-119402, or the “California Statute”), TMC has further adopted a compliance program incorporating provisions of the AdvaMed Code.
ii. TMC believes the AdvaMed Code meets the compliance goals set forth in the California Statute. To its knowledge, TMC is, in all material respects, in compliance with the AdvaMed Code, its compliance program, and the requirements of the California Statute as of January 1, 2021. TMC will evaluate and update its compliance program, as necessary and appropriate.
This declaration is made only for the purpose of compliance with the California Statute referenced above and should not be interpreted as a declaration of compliance with any other statute or regulation.
If you would like to receive a printed version of this Annual Declaration of Compliance and/or TMC’s Code of Conduct, you may contact Jaime Frias at (855) 673-3300 or via email at email@example.com.
Treace Medical fully embraces AdvaMed’s guidance related to ethical business practices and socially responsible industry conduct in healthcare professional interactions and has received AdvaMed certification in support of its Compliance Program.