Orthonika Limited secures $871.3k for synthetic total knee meniscus replacement — 3 key notes

Orthonika Limited secured $871,276 in funding for its synthetic total knee replacement.

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Here’s what you should know.

 

1. A group of angel investors supplemented funding Orthokina received from a Biomedical Catalyst award and an Industrial Challenge award.

 

2. Orthonika will use the funding to accelerate the implant’s biomechanical testing and to carry out a pre-clinical pilot trial.

 

3. Orthonika Co-Founder and CEO Mario Alberto Accardi, PhD, said in a release, “This investment demonstrates a strong endorsement of our progress in developing a novel solution for meniscus injury and allows us to cement our network of collaborators and suppliers.”

 

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