Axis Spine closes $1M investment for U.S. market advancement

Axis Spine received $1 million (830,000 pounds) from three investors as it readies to advance its anterior spinal implant technology in the U.S., Business Leader reports.

Advertisement

What you should know:

1. Mercia Asset Management was the majority investor supported by two other firms.

2. The British devicemaker called the current environment “challenging,” but was optimistic after closing the investment.

3. Axis Spine is targeting the U.S. market as the initial area to launch the device. The company expects to earn FDA approval for its spinal implant in May.

Note: Financial figures are current as of April 14.

More articles on devices:
21 ASCs with coronavirus restrictions or closures
How gastroenterology practices are responding to COVID-19
How COVID-19 has affected Tenet, HCA Healthcare and Surgery Partners’ shares

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

160 ambulatory leaders just ranked the EHR as the single system most overdue for AI reinvention

Tuesday, August 11
12:00 PM - 1:00 PM CDT

Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.