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Spinal Tech

The FDA approved the start of a clinical trial for Ampio Pharmaceuticals' biologic Ampion to treat knee osteoarthritis, according to Pharma Biz.

Maryland Venture Fund has invested $500,000 in Gaithersburg, Md.-based Cytomedix, a regenerative medicine company currently focused on its AutoloGel System for using platelet-rich plasma to heal wounds, according to Maryland Business News.

Cleveland-based nonprofit venture JumpStart has pledged $250,000 to Akron, Ohio-based OrthoData for development of its diagnostic spine systems, including its implantable microelectronic spine fusion sensor, according to Today's Medical Developments.

A recent MarketsandMarkets report estimated the biomaterials market to be worth $88.4 billion by 2017, increasing at a compound annual growth rate of 15 percent between 2012 and 2017.

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OrthoData, a medical device developer, relocated from Louisville, Ky., to Hinckley, Ohio, and brought its device to gauge the success of spinal fusion surgeries, according to MedCity News.

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