OrthoSpace produces the InSpace orthopedic biodegradable balloon system designed for minimally invasive rotator cuff repair procedures.
“This is an exciting time for OrthoSpace. We are seeing great traction for InSpace among the European shoulder community where surgeons are grateful for a simple, effective option to treat rotator cuff injury. US surgeons have begun to learn about and gain experience with our device through participation in the US IDE study, where enrollment is well underway. We are pleased to complete this financing to continue to invest in the company’s growth, and we look forward to offering InSpace in additional major markets worldwide,” OrthoSpace CEO Itay Barnea said in a press release.
Funds from the round are slated to support the company’s ongoing U.S. investigational device exemption trial and to build out the company’s commercial activities in Europe, South America and Asia, as well as for general working capital.
At DeviceTalks Boston, Tyler Shultz will give attendees an inside look at Theranos and how he was able to sound the alarm after he realized the company was falling apart. Shultz will take attendees behind the story that everyone is talking about: the rise and fall of Elizabeth Holmes and her diagnostic company, Theranos.
Join Shultz and 1,000+ medical device professionals at the 8th annual DeviceTalks Boston.