Cervical spine-focused medical device maker Providence Medical said today it closed a $25 million round of equity financing to help support commercialization and development of its DTrax cervical fusion instruments. The round as led by Revelation Partners and joined by BMO Global Asset Management, MVM Life Science Partners, Medvest Capital and Aphelion Capital, the Pleasanton, Calif.-based company […]
Providence Medical
Providence Medical touts data from 2 studies of cervical fusion tech
Cervical spine-focused medical device maker Providence Medical today released results from 2 independent studies of its DTrax and Cavux posterior cervical fusion technology, touting significant improvements in pain relief and other benefits. The 1st study compared the use of the Walnut Creek, Calif.-based company’s DTrax expandable cage system against conservative care for patients with single-level cervical radiculopathy. […]
Providence Medical closes $11m debt financing
Cervical spine-focused medical device maker Providence Medical said today it closed a $10.5 million debt agreement with Bridge Bank. The Walnut Creek, Calif.-based company develops and produces tissue-sparing devices and instruments designed to increase procedural efficiency, improve clinical outcomes, minimize complications and reduce recovery time for cervical fusion procedures. “Bridge Bank is excited to be partnering with Providence […]
Terumo taps DeRyke for CEO | Personnel Moves | April 7, 2017
Terumo Corp. (TYO:4543) said yesterday it tapped Rob DeRyke as its new CV group prez & CEO, effective April 1, 2017, succeeding a retiring Mark Sutter. Prior to his appointment, DeRyke operated as Terumo CV group electromechanical systems division prez, the company said. “Under his leadership, Rob brought stability and improved profitability to the business,” Terumo […]
7 medtech stories we missed this week: March 31, 2017
This week we saw a few FDA 510(k) clearances and one of the 1st uses of a next-generation surgical robot in Asia. Here are 7 medtech stories we missed this week but thought were still worth mentioning: 1. Corindus touts first Asian use of next-generation robot Corindus Vascular Robotics announced in a March 31 press […]
Providence Medical closes $11m equity round
Cervical spine-focused Providence Medical said today it closed a $10.5 million equity financing round, with proceeds slated to support commercialization and portfolio expansion. The round was led by new investor MVM Life Science Partners, who will join the company’s board. Also joining the round were Stanmore Medical Investments, Aphelion Capital and existing private investors, Walnut Creek, Calif.-based […]
Providence Medical touts 2-year cervical fusion data, $2.9m funding round
Cervical spine-focused Providence Medical last week released 2-year radiographic and clinical outcomes from a study of its DTrax system of instruments and implants and announced a $2.8 million round of equity financing. Results from the single-arm, multi-center study were presented at the Spine Week 2016 conference in Singapore last week, the Walnut Creek, Calif.-based company said. “The […]
NASS 2015 Roundup: Spine trends stabilizing, new fields taking center stage
The spinal med device market appears to be stabilizing with growth in 3 key areas, according to a letter to investors published this week from Leerink Partner’s Richard Newitter, who attended the North American Spine Society’s annual meeting in Chicago last week. Newitter said the meeting was “neutral-to-positive” for firms in the spinal market, and said […]
Providence Medical raises $12m, looks to future in cervical spine
Cervical spine-focused Providence Medical said today it raised $12 million in a new round of equity financing to help support its Dtrax platform of spinal products, as well as growing itself as a ‘differentiated’ business in the cervical fusion market. Providence Medical’s CEO Jeff Smith spoke to MassDevice.com about where the company is headed, what […]