Parvizi Surgical Innovation (PSI) made a minority investment in Navbit, developer of Navbit Sprint, a disposable, single-use surgical navigation system to support accurate positioning of the acetabular cup and lower the risk of dislocation following hip replacement.
"The issue of dislocation after hip replacement is a real one and needs to benefit from technological advancement," said Professor Lynette Walter, a lead developer of Navbit Sprint. "We have developed a disposable, simple to use technology that combines sophistication of software to deliver accuracy while preserving the flow of the surgery and importance of practicality and reproducibility."
Navbit previously received financial support from Australian orthopedic companies, as well as government funding to secure patent protection locally and for pending submissions in Europe and the U.S.
PSI was founded in 2018 by Dr. Javad Parvizi to support growth of new technologies through research and development.