Here are four insights:
1. All funds were received from the company’s angel investors.
2. The financing will support increased manufacturing, marketing and sales for the company’s EDG Ortho 65mm device.
3. The electronic depth gauge is designed to more accurately measure length for orthopedic surgical screws and mitigate bioburden contamination.
4. Additional funds will be used for developing and launching EDGe Surgical’s second device, which will be focused on spine surgery.
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Medtronic, Stryker, ChoiceSpine & more: 22 device company acquisitions & mergers in 2018
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