DiscGenics closed a US $14MM Series B financing. Funds will support regulatory approvals and manufacturing ramp-up for Phase III clinical and commercial production of its cell therapy for treatment of degenerative disc disease.
Viseon Spine closed a US $5.0MM Series A financing. The company is developing single-use, disposable visualization and illumination technologies for minimally invasive spine procedures.
New product launches from Flower Orthopedics include updated instruments in the Flower E-Kit™ system; FlowerGraft™, a foot reconstruction platform with pre-shaped allografts packaged in saline; and the addition of Headless Compression Screws to the Ready-for-Surgery™ cannulated screw set.
Amedica announced preliminary 1Q17 revenue of US $2.6MM, -37.7% vs. 1Q16, and 2Q17 revenue of $3.2MM, -20.0% vs. 2Q16, totaling preliminary 1H17 revenue of $5.8MM, -29.0% vs. 1H16.