Panther Orthopedics Closes Financing

By Julie A. Vetalice

Panther Orthopedics closed a Series B financing, led by Medeon Biodesign, and has expanded clinical use of its PUMA™ dynamic fixation system.

PUMA obtained FDA 510(k) clearance in early 2018 for indications of syndesmosis fixation, hallux valgus reconstruction and tarsometatarsal fixation, and was commercially launched in the U.S. later that year. A spring-like Nitinol body design provides initial and continuous compression without the need to overtighten.

With additional financing backing, Panther Orthopedics can now continue to expand its clinical and commercial operations.

Medeon Biodesign, an incubator group based in Taiwan, develops medical devices for minimally invasive procedures across a range of specialties, including orthopaedics. As the lead Series B investor, Medeon will provide resources such as funding, development expertise, manufacturing capabilities, etc. to accelerate Panther's development.

Source: Panther Orthopedics/Medeon Biodesign, Inc.

Product Labels: Trauma Ankle/Foot/Toe, Upper Extremity, Lower Extremity

Tags: Funding