Stryker (NYSE:SYK) said today that it put $220 million on the table for OrthoSpace and its InSpace rotator cuff repair device. Stryker said it paid $110 million in up-front cash and agreed to another $110 million in potential milestones for the Caesarea, Israel-based company. “The acquisition of OrthoSpace is highly complementary to our existing portfolio […]
J&J joins $7m OrthoSpace funding round
OrthoSpace said it has closed a $7 million round of equity financing, being joined by newly vested medtech giant Johnson & Johnson (NYSE:JNJ). OrthoSpace produces the InSpace orthopedic biodegradable balloon system designed for minimally invasive rotator cuff repair procedures. In addition to newly invested Johnson & Johnson, the round was joined by existing investors Healthpoint Capital, Smith […]
Shockwave Medical raises $40 million for its ‘lithoplasty’ system | Medtech funding for the week of May 18, 2015
Smith & Nephew gets in on OrthoSpace round
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