Zyga Technology said yesterday it closed a $20 million round of financing, bringing $15 million in debt supplemented by $5 million in equity. Based in Minnetonka, Minn., Zyga develops minimally invasive surgical products for the treatment of lumbar spinal conditions. Funds from the round are slated to support sales and commercialization of its minimally invasive […]
Zyga Technology said today it won 510(k) clearance from the FDA for its Simmetry sacroiliac joint fusion system for single or 2-incision indications. Based in Minnetonka, Minn., Zyga develops minimally invasive surgical products for the treatment of lumbar spinal conditions. “In the operating room, surgeons need as many options as possible to effectively treat each […]
December 8, 2014 by Val Kennedy
Zyga Technology said it raised $2 million in an equity-and-options round it hopes will eventually bring in $5 million.
Four unnamed investors participated in the round, according to a regulatory filing.
Minnesota-based Zyga Technologies closed a $10 million funding round with the help of 5 unnamed investors, according to regulatory filings.
The spinal devices maker raised the money through sales of equity and Series C-2 preferred stock, closing the round just 10 days after marking the 1st sale.
Medtronic Inc. (NYSE:MDT) won CE Mark approval in the European for its percutaneous aortic valve replacement system, CoreValve.
The device is "the only transcatheter aortic valve available in the world that can treat – without surgery – patients with larger valve openings (up to 29mm)," according to a press release.
CoreValve is the largest transcatheter valve available, but can compress into a small delivery system to be deployed in the same delivery system as smaller CoreValve sizes.
Spinal tools company Zyga Technology Inc. received Food & Drug Administration 5100(k) clearance for its SImmetry Sacroiliac Joint Fusion System.
The device is designed for minimally invasive surgery to eliminate lower back pain by stabilizing the sacrum — vertebrae at the base of the spine which connect the spine to the pelvis.