Avitus Orthopaedics recently raised more than $1 million in capital to continue commercialization and company growth.
The funds will partly be used to submit the company's new Avitus Harvester for 510k clearance from the U.S. Food and Drug Administration and complete a pilot launch of the product. Avitus Harvester is a disposable manual surgical instrument that cuts and collects bone from the patient with a streamlined process.
The company gained part of the funds from the National Science Foundation, which gave it a Small Business Innovation Research Phase II Award amounting to $750,000.
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