Israeli Startup Raises $16 Million for Degenerative Disc Disease Treatment Discure Technologies, an Israeli startup, completed a $16 million round to advance its treatment for degenerative disc disease (DDD). The Series A round was led by BOLD Capital Partners, Supernova Invest, and Sanara Capital, with participation from U.S. hospital networks, orthopaedic surgeons, and MedTech investors. As the startup CEO Yuval Mandelbaum says, this investment will accelerate its growth, allowing it to make key hires and fully fund the First-in-Human clinical study in Canada and Italy. DDD accounts for 35% of all lower back pain. Whereas current treatments for DDD include opioids, injections and invasive surgery, Discure offers a disease-modifying solution. The funds will advance an implantable bioelectronic device designed to treat and reverse DDD by restoring fluids and nutrients to the affected discs. Source: https://lnkd.in/df7Uvrnd Photo: Yuval Mandelbaum
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We tracked 11 orthopedic company funding announcements in 2Q. The #startups will use the capital to conduct clinical trials and expand commercialization efforts across #orthopedics. The raises included: ▪ Integrity Orthopaedics - $20.6 million Series B ▪ Locate Bio Ltd - oversubscribed $11.5 million funding round ▪ Miach Orthopaedics, Inc. - $20 million Series B extension ▪ Nanochon - $4 million seed investment ▪ Osteal Therapeutics - oversubscribed $50 million Series D ▪ restor3d - $55 million Series A ▪ ReVivo Medical, Inc. - $1.3 million from current investors ▪ SLAM Orthopedic - $2.15 million seed investment ▪ SpinEM Robotics SAS - $11 million Series A2 ▪ Theradaptive - $1 million grant ▪ Viseon Inc. - insider financing round https://lnkd.in/eiSjpyKu #funding #medicaldevice
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Great news from the German market! Protembis GmbH has received s €20 million investment from The European Investment Bank. The funding is to support clinical trials, research, development and market access for the “ProtEmbo” cerebral embolic protection system. TAVR is an x-ray guided procedure to replace an aortic valve that has narrowed and doesn't open fully. TAVR is minimally invasive, meaning it uses smaller incisions than open-heart valve surgery. Globally, around 430,000 patients with severe aortic stenosis are expected to be treated with TAVR by 2025. ProtEmbo is inserted during TAVR via the artery in the left wrist, and lines the roof of the aortic arch, shielding the brain from the dislodged debris. #medtech #healthinnovation #europeaninvestments
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Onkos Surgical, a Parsippany, NJ-based company developing technologies for the musculoskeletal space, received $35M in a Venture Loan Facility from Horizon Technology Finance (NASDAQ: HRZN). Led by CEO Patrick Treacy, Onkos Surgical is an innovator in the musculoskeletal space, developing technologies to address the clinical challenges associated with complex orthopedic procedures. Its portfolio of products provides solutions for adult and pediatric patients who have bone loss from tumors, trauma, or revision of failed orthopedic implants. https://lnkd.in/g-jArNYJ
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VIEW | Despite progression in advanced treatments for malignant tumors, surgery remains the primary treatment intervention, which removes a large portion of firm tumor tissues; however, the postoperative phase poses a possible risk for provincial tumor recurrence and metastasis. Consequently, the prevention of tumor recurrence and metastasis has attracted research attention. For full review, please view: https://lnkd.in/gSGBZiZ9 About VIEW journal📑 #VIEW is a high-quality, interdisciplinary, and rapid-publication open access journal focusing on “biodiagnostics” in the field of biomaterials. From in vitro to in vivo, small to mega, fundamentals to application, with an emphasis on the biomaterials used particularly in biotechnology and medicine.
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Check out this Glaucoma Today article and see what Dr. Arsham Sheybani thinks of modulating aqueous flow with the Calibreye™ Titratable Glaucoma Therapy™ Surgical System. https://lnkd.in/ef6bxKBx #glaucoma #IOP #innovation #startup #makingadifference
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We’re excited to announce that Onkos Surgical® has partnered with Horizon Technology Finance for a $35 million venture loan facility to support our continued growth and innovation to address complex orthopaedic conditions. This funding will allow Onkos Surgical to accelerate the manufacturing and commercialization for NanoCept™, a revolutionary antibacterial coating technology for orthopaedic implants. We are excited to bring this technology to our surgeon customers and the very special patients they care for. Learn more via link below: https://lnkd.in/esr95Aiv CORP 01.09.25 v0
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“This milestone not only sets up Allay Therapeutics for a pivotal Phase IIb study, but also helps build confidence in the increasingly popular strategy of translating Singaporean science through international collaboration.” Thanks BioCentury Inc. for highlighting Allay’s latest clinical data, which marks a breakthrough in pain management innovation and addresses a substantial market need in the U.S. Allay’s lead product ATX101 provides pain relief after total knee replacement surgery. It can be implanted in a matter of minutes with no special training, and eventually dissolves into water and carbon dioxide. The company estimates that 1 million knee replacements are performed in the U.S. every year, with the total addressable market for post-surgery pain management at about $1 billion. Read more here: https://lnkd.in/gzkSr-CE #clavystcommunity #collaboratetoinnovate
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💲𝐕𝐢𝐚𝐋𝐚𝐬𝐞 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 $40𝐌 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐟𝐨𝐫 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐚𝐫𝐲 𝐆𝐥𝐚𝐮𝐜𝐨𝐦𝐚 𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 🚀ViaLase, Inc, a pioneering medical technology company, has achieved a significant milestone in ophthalmology with the completion of a Series C financing round, raising an impressive $40 million. This funding is set to accelerate the development, regulatory approval, and commercialisation efforts of the ViaLase Laser, a groundbreaking device designed for the treatment of primary open-angle glaucoma. 👁Glaucoma, particularly primary open-angle glaucoma, poses a significant health challenge globally, affecting millions of individuals. Traditional treatments often involve invasive procedures and medication regimens. However, ViaLase aims to redefine glaucoma management with its innovative femtosecond laser technology. 👩⚕️The ViaLase Laser is the first femtosecond laser engineered specifically for glaucoma treatment. It offers a promising new approach through femtosecond laser image-guided high-precision trabeculotomy (FLigHT), a non-invasive procedure providing unparalleled precision and visibility for reducing intraocular pressure. Unlike traditional surgeries, FLigHT promises precise outcomes without associated risks and lengthy recovery times. 💉The financing round underscores investors’ confidence in Vialase’s innovative approach and the potential impact of its technology. As ViaLase accelerates development efforts, moves closer to regulatory approval, and prepares for commercialisation, the future holds promise for patients seeking effective and minimally invasive solutions for glaucoma management. With the ViaLase Laser on the horizon, there’s hope for improved patient outcomes and enhanced quality of life in the realm of ophthalmic care.
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A great end to the year for the EnAcuity team. The UCLB and Imperial College London spinout has secured £1.28 million pre-seed funding in a round led by Twin Path Ventures, joined by the London Co-Investment Fund and Crista Galli Ventures. The team are looking to further build and apply EnAcuity’s product, which is the first-ever software-only clinical solution for hyperspectral imaging. EnAcuity’s solution is set to transform laparoscopic surgeries by enhancing real-time imaging, helping surgeons more accurately identify functional details in the body that are typically invisible to the human eye. Dr Weng Wong, Senior Business Manager at UCLB said: “It's great to see how rapidly Enacuity has developed over the past year. I'm very much looking forward to seeing the next stages of the company's development." #MedicalImaging #MedTech #TechTransfer Discover more: https://lnkd.in/egrJNiW3
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⏳ Campaign Ends TOMORROW 🔗 invest.cytonics.com 🔥 Are you ready to join us 6,000 other shareholders? You have 1 more day left to invest in this round! 🕛 TOMORROW Is Your Last Day To Invest! Since 2006, Cytonics has been leading the charge in developing groundbreaking therapies for osteoarthritis. With the steadfast support of our investors, we have successfully raised over $25 million, pushing our innovative CYT-108 therapy into Phase 1 human clinical trials. As we approach the final week of our investment opportunity, your participation is more crucial than ever. With 24 hours remaining, seize the chance to join over 6,000 dedicated shareholders committed to eradicating osteoarthritis. This is more than an investment in Cytonics; it's an investment in a future free from the pain of osteoarthritis. Still on the fence? Tune in to our FINAL investor webinar tomorrow at 12pm EST! 📅 May 28, 2024 @ 12pm EST: https://lnkd.in/egVCK-st Remember, the investment opportunity ENDS TOMORROW: May 28th at 11:59pm PST! #biotech #biotechnology #arthritis #osteoarthritis #investing #crowdfunding #venturecapital #healthcare #drugdevelopment #clinicaltrials #regenerativemedicine #orthopedics #orthopaedics #surgery #investor #FDA #medicine #lifesciences #researchanddevelopment #capitalmarkets
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