Device manufacturer Hyalex Orthopaedics closed a $16 million round of Series A financing May 31 and concurrently appointed Mira Sahney as its new president and CEO.
Here's what you should know.
1. Canaan Partners led the funding with participation from Osage University Partners and Johnson & Johnson Innovation — JJDC.
2. Hyalex Orthopaedics named Mira Sahney as president and CEO, concurrent with the financing. Hyalex appointed Osage University Partners Managing Partner Bill Harrington and JJDCVice President of Venture Investment Renee Ryan to its board of directors.
3. Ms. Shaney has more than 20 years of global corporate experience. Her most recent position was with Smith & Nephew as its senior vice president and general manager.