Ortho Kinematics raises $4M in debt financing round: 4 takeaways

Ortho Kinematics closed a debt financing round.

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Here are five takeaways:

 

1. The company raised $4 million.

 

2. This funds will be used to strengthen Ortho Kinematics cash position, as well as expand commercialization of the Vertebral Motion Analysis technology and the launch of several new product features.

 

3. The technology is intended for the radiographic assessment of spinal motion and instability.

 

4. The company has commercially tested its VMA technology with more than 4,000 patients.

 

5. The debt financing was largely led by TEXO Venture.

 

More articles on devices:
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Bioventus expands team in Taiwan — 5 highlights
Zacks bumps RTI Surgical down to “sell” rating: 4 things to know

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