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4 Orthopedic Companies to Watch from MedTech Innovator’s Cohort

In late June, MedTech Innovator announced the companies it had selected to participate in its flagship Accelerator and Showcase program. The 50 companies, chosen from over 1,000 applicants, will receive mentorship, resources and valuable strategic insights from working with the medtech accelerator. Among this year’s cohort are four companies that stand to impact orthopedics through enabling technology and new materials.

7D Surgical

  • Based in Toronto, Canada, 7D Surgical’s Machine-vision Image Guided Surgery (MvIGS) navigation system offers radiation-free imaging technology for spinal and cranial surgery.
  • The company claims its proprietary Flash Registration offering reduces the time of patient registrations from an average of 30 minutes to less than 20 seconds.
  • CEO Beau Standish likens 7D Surgical’s technology to that of self-driving cars. The company’s surgical light tool includes multiple cameras and software designed to seamlessly digitize surgical environments, said Standish.
  • In February 2020, the company announced commercial launch of its Universal Tracking Kit, which tracks and visualizes most rigid surgical instruments. That same month, it partnered with SeaSpine to integrate and promote their combined product offerings. 

8chili

  • The San Francisco company’s NAVIX AIR platform utilizes mixed reality, machine vision and artificial intelligence to provide a collaborative experience for surgical training.
  • The telesurgical technology uses augmented reality on the surgical side and virtual reality on the remote side with haptics, allowing real time instruction for junior surgeons on live cases.
  • Last month, the company announced that Tony Avellino, M.D., MBA, Chief Medical Officer at Michigan State University, had joined its advisory board.
  • The company was nominated as a “Best Healthcare and Wellness Solution” at the Augmented World Expo.

Hyalex Orthopaedics

  • Founded in 2016, Hyalex Orthopaedics is a Lexington, Massachusetts-based company that has developed a synthetic polymer designed to mimic hyaline cartilage to potentially replace only diseased areas of joints while sparing healthy bone.
  • The company claims that, unlike other polymers, theirs can maintain low friction and wear in conditions comparable to what joints withstand within the body. 
  • Hyalex is in the preclinical phase of development.
  • In 2019, the company hired Mark Roby as Vice President of R&D and announced that it had expanded its Series A funding from $16 million to $33 million.

OXOS Medical

  • Formerly Micro C Imaging, OXOS Medical is based in Atlanta, Georgia.
  • The medical device company has developed what it claims is the “world’s first” handheld fluoroscopy device, which is designed to capture images with greater accuracy, speed and safety than traditional methods.
  • The Micro C handheld x-ray, their flagship device, is ergonomically designed for surgeons and physicians for use in surgical and clinical settings.
  • In answering the call for the National Science Foundation’s request for specialized medical equipment to combat COVID-19, In April Oxos Medical proposed adapting their device to be used portably and within patients’ homes.
  • OXOS Medical expects FDA 510(k) clearance in 2H20.
  • The company was co-founded by hand surgeon Gregory Kolovich, M.D.

MedTech Innovator's Accelerator + Showcase program culminates in October at The MedTech Conference, powered by AdvaMed. The cohort companies will present on showcase panels. At that time, the 50 companies will be narrowed to compete for $350,000, as well as other awards like incubator space at JLABS.



Photo courtesy of Hyalex Orthopaedics

Patrick McGuire is an ORTHOWORLD Contributor.