ORTHOWORLD reported 18 funding announcements in 1H16, compared to 23 in 1H15. Similar to recent years, the spine market was the largest target for funding.
MedShape announced that a U.S. District Court ruled to invalidate key claims of a Cayenne Medical patent. Cayenne Medical agreed to withdraw allegations of patent infringement and end litigation on the matter, and MedShape withdrew challenges to the validity of Cayenne Medical’s patent claims.
Aurora Spine was issued U.S. Patent No. 9,364,264, "Dynamic and Non-Dynamic Interspinous Fusion Implant and Bone Growth Stimulation System," covering ZIP® devices including ZIP Ultra®, ZIP 51™, ZIP LP™, Dyna-ZIP™, etc.
Spinal Elements received FDA 510(k) clearance to market a line of expandable interbody fusion devices for posterior, anterior and lateral access to the lumbar spine.
SI-BONE closed a US $20MM round of growth capital financing. Proceeds will support U.S. sales expansion and R&D to develop new products to treat the SI joint.
Exactech commenced full launch of the Acapella® One Spacer, a cervical cage pre-assembled with integrated anchors to prevent device migration during anterior cervical fusion.Â