OrthoSensor said it added $13 million to its Series B round, taking the total for the round to $48 million as it looks to capitalize on regulatory nods for its Verasense knee replacement device in the U.S. and Europe.
Sunrise, Fla.-based OrthoSensor said investors in the B round included Dignity Health, Ziegler Meditech Equity Partners and "undisclosed strategic and angel investors."
"OrthoSensor has an aggressive growth agenda, maximizing the relationships we have with our current partner companies and adding new partners, product lines and international markets in the coming year," president & CEO Jay Pierce said in prepared remarks. "This additional investment and continued confidence from our investors provides increased resources to maintain the rapid growth of our Verasense product line, as well as fund additional R&D, marketing and sales initiatives."
The Verasense device, designed to helps surgeons measure the proper placement and motion during total knee replacement procedures, won FDA clearance in June. Earlier this month, OrthoSensor said the device landed CE Mark approval in the European Union.
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