Boston Scientific (NYSE:BSX) said yesterday that it closed the $465 million buyout of spinal implant maker Vertiflex. The deal, announced last month, includes commercial milestones spaced out over three years. Carlsbad, Calif.-based Vertiflex makes the Superion decompression device for treating lumbar spinal stenosis, which won pre-market approval from the FDA in May 2015. Boston Scientific said […]
VertiFlex Inc.
Boston Scientific gets into spine with $465 Vertiflex buy
Boston Scientific (NYSE:BSX) moved into the orthopedics space with a $465 million buyout of spinal implant maker Vertiflex. The deal, announced this morning and expected to close late in the second quarter of 2019, includes commercial milestones spaced out over three years. Carlsbad, Calif.-based Vertiflex makes the Superion decompression device for treating lumbar spinal stenosis, which […]
Vertiflex touts reduced opioid use in Superion lumbar spinal stenosis trial
Vertiflex yesterday released results from a trial of its Superion indirect decompression system in patients with lumbar spinal stenosis, touting a significant reduction in the number of patients using opioids to manage pain at five years post-treatment. Results from the trial were published in the Journal of Pain Research, the company said. “These findings demonstrate […]
Vertiflex ups raise to $45m
Vertiflex has raised a total of $45.3 million in a round of equity financing, according to an SEC filing posted this week. The first sale in the offering was marked on March 6 last year, and $15.3 million of the funding raised is marked as coming from conversion of debt, according to the SEC filing. […]
These medtech companies raised the most VC last year
Perhaps there’s a ray of hope that venture capital funding is recovering a bit for the medical device industry. VC firms invested more than $2.8 billion in 2017, an increase of more than $647 million from 2016, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and CB Insights. There were a total 229 deals involving […]
Lumicell taps ex-Accuray COO Londy as CEO | Personnel Moves July 18, 2017
Lumicell said last week it tapped former Accuray (NSDQ:ARAY) chief operating officer Kelly Londy as its new chief exec, with founder W. Lee moving to take the role of prez & chief scientific officer. Prior to holding the COO position at Accuray, Londy has held leadership positions at GE Healthcare (NYSE:GE) and Royal Philips (NYSE:PHG), Lumicell said. “We are […]
Vertiflex raises $25m
Vertiflex has raised $25.3 million in a new round equity financing, according to an SEC filing released this week. Money in the round came from 8 unnamed investors, and Vertiflex has not yet said how it plans to spend funds raised so far. he company is looking to raise an additional $15 million before closing […]
VertiFlex closes $40m round to support expanded Superion commercialization
VertiFlex said today it closed a $40 million round of financing to support its Superion indirect decompression system designed to treat moderate lumbar spinal stenosis. The round was led by newly invested Endeavour Vision and H.I.G. BioHealth Partners, and was joined by existing investors New Enterprise Associates, Thomas, McNerney & Parnters and Alta Partners. “Vertiflex […]
Vertiflex raises $15m
VertiFlex raised $15 million in a new round of debt financing, according to an SEC filing posted today. Money in the round came from 6 unnamed sources, according to the filing, and includes $148,999 in funds which will be available upon the exercise of warrants. San Clemente, Calif.-based VertiFlex has not yet announced how it […]
VertiFlex drums up $27m for spinal implants
VertiFlex reported raised nearly $27 million in an equity and options offering this month, according to a regulatory filing. San Clemente, Calif.-based VertiFlex, which won pre-market approval from the FDA for its Superion interspinous spacer last May for treating moderate lumbar spinal stenosis, said the round consisted of $10.5 million in new cash, a $16.2 million debt […]
Vertiflex opens $5m funding round
Spinal technology firm VertiFlex opened a $5 million debt funding round, according to an SEC filing posted yesterday. San Clemente, Calif.-based Vertiflex already raised most of the funds, pulling in $4.8 million with $200,000 left for the round. The funding came from 7 unnamed investors this round, according to the filing. The company has not disclosed […]
