Conventus Orthopaedics accepts $12M loan from Horizon Technology: 4 insights

Maple Grove, Minn.-based Conventus Orthopaedics borrowed a $12 million from Horizon Technology Finance, according to Hartford Business.

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Here are four insights:

 

1. Conventus Orthopaedics specializes in developing devices and technology to treat fractured arm and leg bone joints.

 

2. With the loan closing Dec. 22, 2017, Conventus Orthopaedics plans to use the funds to continue commercial development of its fracture management system, Conventus Cage.

 

3. The Conventus Cage is designed for less invasive bone and joint treatments and provides patients with a quicker recovery time.

 

4. Other investors in Conventus Orthopaedics include Deerfield Management and Sightline Partners.

 

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