Intellirod Spine announced it has secured debt financing of $1.6 million from the Ohio Third Frontier's Commercial Acceleration Loan Fund.
The funding allows the company to accelerate its commercialization of the Intellirod Sensor and related lumbar fusion implants. The company also plans on using the funding to gain CE Mark and U.S. Food and Drug Administration approvals.
Intellirod Spine is a spinal implant company that is focused on developing implantable wireless sensor technology to aid in the assessment of spine fusion.
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