Intellirod Spine raises $1M+ in funding: 5 points

Spinal Tech

Intellirod Spine has secured more than $1 million in additional equity financing from new and existing investors.

Here are five points:

 

1. The funds will be used for the commercialization of the company's sensor technologies and related lumbar fusion implants.

 

2. The company is seeking a de novo 510(k) clearance from the FDA while also seeking a CE Mark for it LOADPRO device.

 

3. The LOADPRO is an intraoperative sensor designed for use in monitoring rod strain during kyphotic correction surgery.

 

4. Intellirod Spine is currently recruiting patients for LOADPRO clinical studies at sites across the country.

 

5. The company has completed pre-clinical testing in support of an FDA application for ACCUVISTA, a sensor that monitors postoperative strain in rods in degenerative disc disease fusion patients.

 

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