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Providence Medical Technology receives $10.5M new equity financing — 5 points Featured

Written by  Megan Wood | Monday, 19 December 2016 19:55
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Walnut Creek, Calif.-based Providence Medical Technology closed a new equity financing round of $10.5 million.

Here are five points:

 

1. The company plans to use the funding to boost the commercialization of its cervical fusion technology portfolio.

 

2. London, U.K.-based MVM Life Science Partners, a new investor, led the financing. The company is now a part of Providence's board of directors.

 

3. Jupiter, Fla.-based Stanmore Medical Investments and Mill Valley, Calif.-based Aphelion Capital also participated in the financing round.

 

4. Providence develops tissue-sparing, cervical fusion technology.  

 

5. The company is currently working on commercializing the DTRAX platform of single-use, tissue-sparing instruments and CAVUX implants for cervical fusion.

 

More articles on devices:
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Predictive Technology Group highlights US patent allowance for treating patients with genetic spinal deformities, syndromes: 5 highlights
Global wearable medical devices market to hit $12.1B by 2021: 9 observations

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