Golden
Align Technology

Align Technology

A global medical device company founded in 1997 that produces Invisalign clear aligners for teeth straightening.

Align Technology produces Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services for dental professionals to deliver dental options to their patients. 



Align Technology was founded by Stanford MBA students Zia Chishti and Kelsey Wirth. Chishti had a degree in economics and computer science and Wirth had a degree in literature and American History. The initial tooth aligners were not as effective as metal braces. Align Technology began to turn an annual profit in 2004 when it reduced marketing to consumers and increased marketing to orthodontists and dentists. A change from global expansion to focusing on North America lead to more clinical research which improved the efficacy of the product. 



After the US, China, where it has a factory, is the next largest market for Align Technology teeth-straightening products. The company expects Japan to become one of its top five markets by 2023.



Co-Founder Chishti left the company in 2004 and started a competitor called OrthoClear. OrthoCear was shut down when Align bought OrthoClear’s IP for $20 million in 2006. Align Technology releases about one new Invisalign product per year. Align had a lawsuit against Smile Direct Club, which is dropped and signed a deal to supply the company with a portion of their aligners for a 17% stake in the company and a board seat. 



Timeline

1997

Align Technology was founded.

People

Name
Role
LinkedIn

Simon Beard

Senior Vice President and Managing Director, EMEA



Yuval Shaked

Senior Vice President and Managing Director, iTero Scanner and Services Business



Zelko Relic

Chief Technology Officer and Senior Vice President, Global Research & Development



John F. Morici

Chief Financial Officer and Senior Vice President, Global Finance



Joseph M. Hogan

Director, President and Chief Executive Officer



Raphael S. Pascaud

Chief Marketing Officer and Senior Vice President, Product Portfolio and Business Development



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Companies

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News

Title
Author
Date
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Brad Perriello
April 12, 2019
MassDevice
The Medical Device Business Journal -- Medical Device News & Articles | MassDevice
Fink Densford
March 5, 2019
MassDevice
The Medical Device Business Journal -- Medical Device News & Articles | MassDevice
ReportBuyer
Invalid Date
www.prnewswire.com:443
LONDON, Feb. 13, 2019 /PRNewswire/ -- This report analyzes the worldwide markets for Orthodontic Supplies in US$ Thousand. Download the full report:...
October 24, 2018
AP NEWS
SAN JOSE, Calif. (AP) _ Align Technology Inc. (ALGN) on Wednesday reported third-quarter profit of $100.9 million. The San Jose, California-based company said it had profit of $1.24 per share. The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share. The maker of the Invisalign tooth-straightening system posted revenue of $505.3 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $501.1 million.

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