Here are five takeaways:
1. This is the company’s third fundraiser. It previously raised $1.6 million in 2014 and $695,000 in 2013.
2. ArthroMeda uses micro-sensors to wirelessly connect to a software system that will help surgeons navigate the implantation process onscreen.
3. The sensors are meant for hip replacements and other forms of orthopedic implantation surgery, focusing on the total hip arthroplasty market in particular.
4. The company is currently developing this technology for knee replacements.
5. There were 350,000 hip replacements in 2007, with that number expected to double by 2030.
More articles on devices and implants:
Amedica, Stryker, SI-BONE & more: 12 key notes
Xtant Medical, Vivex Biomedical enter into distribution agreement: 3 things to know
Dr. Homayoon Kazerooni creates new exoskeleton helping paraplegics walk — 4 notes
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