The Health Canada has granted a medical device license to Baxano's iO-Flex System for spinal decompression surgery.

The iO-Flex System is a set of flexible instruments which is designed to target lumbar stenosis in the central canal, lateral recess, and neural foramen, with minimal disruption to the patient’s healthy anatomy critical for maintaining spinal stability.

Baxano president and CEO Tony Recupero said they believe that the iO-Flex technology has the potential to revolutionize the care of patients with stenosis.

"Preliminary data from our post market studies, suggest that the iO-Flex System may help reduce the overall health costs associated with the treatment of patients with lumbar spinal stenosis," Recupero said.