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Funding Activity in Orthopaedics and Spine

Transactions are presented alphabetically by name of company, and represent funding secured or planned-for.

Amendia raised $0.45MM of planned $5MM round
Products include Savannah MIS polyaxial pedicle screw, Phenix PEEK-OPTIMA cervical interbody device, Diamond anterior cervical plate

Ascendx Spine closed on a mixed financing of $4.8MM
Funds will support commercialization of the Ascendx system for vertebral compression fracture repair

Ascension Orthopedics raised $18.6MM of a planned $20.4MM round of funding
Company develops trauma products and implants for the extremities, was acquired by Integra

Atlas Spine
completed $3.5MM equity offering
Products include VERTEVIEW cervical plate, REBAR cervical spacer, APELO pedicle screw, STATURE PEEK spacer, TRUE POSITION pivoting spacer, BACK-PAK discectomy set

AxioMed Spine raised $0.5MM in state funding
Focusing on next-generation disc replacement for lumbar and cervical spine
Pursuing CE Mark to commercialize cervical disc in 2011

Bacterin secured $15MM credit facility
Funds will support working capital and M&A program

Benvenue Medical completed $35.5MM Series C financing round
Will support completion of the KAST trial (Kiva System as a Vertebral Augmentation Treatment – A Safety and Effectiveness Trial) and product commercialization initiatives in U.S., Europe

Carmell Therapeutics closed $2.4MM Series A financing
Will support pilot manufacturing facility and collection of early clinical validation data for products such as a bone putty and REPAIR Surgical Scaffold for rotator cuff and tendon injuries