Ceterix Orthopaedics raises $19.5M for safe suture device

January 14, 2013 by MassDevice staff

Surgical tools maker Ceterix Orthopaedics raises a $19.5 million funding round.

Ceterix Orthopaedics landed $19.5 million from 5 investers, according to a regulatory filing.

The Menlo Park, Calif-based surgical tools maker said it plans to raise an additional $1.10 million, Medcity News reported.

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Ceterix is developing a suturing device designed to help surgeons stitch difficult anatomies while avoiding surrounding tissue, cartilage or adjacent nerves, according to its website.

Ceterix in 2010 raised an $8.1 million Series A round from Versant Ventures and 5AM Ventures, according to Medcity News.