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Align Technology

  (Redirected from Invisalign)

Align Technology is a manufacturer of 3D digital scanners and the Invisalign clear aligners used in orthodontics. It is headquartered in San Jose, California; it manufactures the aligners in Juarez, Mexico and its scanners in Israel.[1]

Align Technology, Inc.
Public
Traded as
Industry Orthodontics devices
Founded 1997
Founders Zia Chishti, Kelsey Wirth
Headquarters San Jose, California, USA
Area served
Worldwide
Key people
Joseph M. Hogan
(President) & (CEO)
Products clear aligners, scanners
Revenue Increase $ 1.080 billion(FY 2016)[1]
Increase $ 248.92 million (FY 2016)[1]
Increase $ 189.68 million (FY 2016)[1]
Total assets Increase $ 1.396 billion (FY 2016)[1]
Total equity Increase $ 995.39 million (FY 2016)[1]
Number of employees
6,060 (Dec 2016)[1]
Website www.aligntech.com

Contents

HistoryEdit

Align Technology was founded by Zia Chishti and Kelsey Wirth in 1997 and began working on the development of a clear aligner.[2] Align received FDA clearance to market the Invisalign system in 1998 and it was first marketed in 2000.[2] Align Technology went public on January 26, 2001 on the Nasdaq Stock Market.[3]

In 2010 the company received a warning letter from the FDA regarding its failure to report serious reactions to Invisalign.[4][5]

In March 2011 Align acquired the Israeli company Cadent for $190 million; Cadent manufactured intraoral cameras that included 3D scanners, as well as software to display the acquired images and to plan treatment.[6]

Joseph M. Hogan joined Align in June 2015, and serves as CEO and President.[7] As of 2016 it had 6,060 employees worldwide.[1]

The company's sales reached $1 billion for the first time in 2016 and its products were being used in about 8% of people who got braces.[7] In 2017 the company was faced with the challenge of the expiration of its patents on its Invisalign system starting in October 2017 and the beginning of generic competition.[7]

See alsoEdit

ReferencesEdit

  1. ^ a b c d e f g h "Align Technology 2016 Form 10-K" (PDF). Align Technology. 31 December 2016. Retrieved 7 May 2017. 
  2. ^ a b Phulari, Basavaraj Subhashchandra (2013). History of Orthodontics. JP Medical Ltd. p. 226. ISBN 9789350904718. 
  3. ^ "Align Technology Gains 33% After IPO Prices on Low Side". Wall Street Journal. 26 January 2001. Retrieved 7 May 2017. 
  4. ^ Johnson, Steve (December 1, 2010). "FDA issues warning to Invisalign maker". Mercury News. 
  5. ^ DeNoon, Daniel J. (December 4, 2010). "Invisalign 'Invisible Braces' Maker Gets FDA Warning". Medscape. 
  6. ^ Ben-Israel, Adi (30 March 2011). "Dental imaging co Cadent bought for $190m". Globes (in Hebrew). 
  7. ^ a b c Tindera, Michela (April 25, 2017). "Out Of Silicon Valley, A Billion-Dollar Orthodontics Business Built With Plastic And Patents". Forbes. 

External linksEdit