Benvenue Medical completed a US $60MM financing round. Proceeds will support U.S. commercialization of the Luna® 3D Interbody Fusion and the Kiva® Vertebral Compression Fracture Treatment systems.
NuVasive entered into a definitive agreement to acquire Ellipse Technologies for US $380MM in cash, with a potential $30MM milestone payable in 2017. The transaction is slated to close in mid-1Q16. Ellipse posted 2015 revenue of ~$40MM, +54% vs. 2014.Â
SpineGuard announced the world’s 1st spinal fusion procedure performed with 1-step insertion of pedicle screws guided by Dynamic Surgical Guidance or DSG™ technology.
Agent Medical launched ArthroBridgeâ„¢, an implant for the treatment of hammertoes, and the ArthroMateâ„¢ rasp designed for rear foot fusion procedures.
Bone Therapeutics was granted an additional 2MM (~US $2.15MM) in non-dilutive funding, bringing the total non-dilutive funding received within 2015 to 5MM.
Smith+Nephew completed its acquisition of Blue Belt Technologies, developer of the Navio surgical robotics-assistance system for unicondylar knee replacement.
Ortho Kinematics closed US $4MM in debt financing. Funds will support global commercialization of the Vertebral Motion Analysis product for radiographic assessment of spinal motion and instability, as well as launch of new product features.