EDGe Surgical announced closure of a US $4MM Series A funding round.
Proceeds will be used for increased manufacturing and sales for its first device—the EDG® Ortho 65mm single-use electronic depth gauge that assists surgeons in placing orthopaedic screws—and to fund R&D and launch of a second device for the spine market.
The FDA 510(k)-cleared EDG® Ortho 65mm is designed to address precision limitations and infection risks associated with the standard depth gauge.
According to the company, EDG Ortho reduced measurement error by up to 90% in recent cadaver and sawbones accuracy labs, and a study presented at the 2018 Annual Meeting of the American Society for Surgery of the Hand found a reduction in the rate of major measurement error in sawbones models compared to the traditional analog depth gauge.
EDGe Surgical, founded in 2015, has now secured US $5.7MM in financing.
Source: EDGe Surgical; image courtesy of EDGe Surgical
EDGe Surgical announced closure of a US $4MM Series A funding round.
Proceeds will be used for increased manufacturing and sales for its first device—the EDG® Ortho 65mm single-use electronic depth gauge that assists surgeons in placing orthopaedic screws—and to fund R&D and launch of a second device for the spine market.
The FDA...
EDGe Surgical announced closure of a US $4MM Series A funding round.
Proceeds will be used for increased manufacturing and sales for its first device—the EDG® Ortho 65mm single-use electronic depth gauge that assists surgeons in placing orthopaedic screws—and to fund R&D and launch of a second device for the spine market.
The FDA 510(k)-cleared EDG® Ortho 65mm is designed to address precision limitations and infection risks associated with the standard depth gauge.
According to the company, EDG Ortho reduced measurement error by up to 90% in recent cadaver and sawbones accuracy labs, and a study presented at the 2018 Annual Meeting of the American Society for Surgery of the Hand found a reduction in the rate of major measurement error in sawbones models compared to the traditional analog depth gauge.
EDGe Surgical, founded in 2015, has now secured US $5.7MM in financing.
Source: EDGe Surgical; image courtesy of EDGe Surgical
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