Benvenue Medical said today it divested its vertebral augmentation systems portfolio to IZI Medical Products for an undisclosed amount. The divested assets include Benvenue’s Kiva VCF treatment system, the Kiva Pilot and Blazer vertebral augmentation system devices, Santa Clara, Calif.-based Benvenue Medical said. Benvenue said that with the sale, the company will focus on its […]
Benvenue Medical said it put a bow around a $60 million funding round for its Luna and Kiva treatments for degenerative disc disease and vertebral compression fractures. The round consists of $23 million in equity and another $37 million in debt, Benvenue said, with DeNovo Ventures, Domain Associates, Esquilime Partners, InterWest Partners, Technology Partners and Versant Ventures participating […]
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 […]
Benvenue Medical said its Kiva implant for vertebral compression fractures held its own against balloon kyphoplasty in a pivotal clinical trial, the results of which were published online in the journal Spine.
June 16, 2014 by Arezu Sarvestani
Spinal devices maker Benvenue Medical is looking to expand its U.S. footprint with the funds from a newly closed $64 million financing round, the company announced today.
Spinal devices maker Benvenue Medical closed a $3.5 million funding round with the help of 9 unnamed investors, according a regulatory filing.
The Santa Clara, Calif.-based company raised the funds through sales of debt, rights and securities or rights to acquire securities. Benvenue provided few other details on the funding round.
Benvenue Medical secured 510(k) clearance from the FDA, for its Kiva VCF system to treat vertebral compression fractures.
Santa Clara, Calif.-based Benvenue Medical designs and manufactures minimally invasive spinal repair devices. The Kiva VCF is the company’s marquee product, able to treat vertebral compression fractures due to osteoporosis. The device deploys the Kiva coil and Kiva implant.