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Home » Vertiflex opens $5m funding round

Vertiflex opens $5m funding round

July 17, 2015 By Fink Densford

Vertiflex opens $5m in funding roundSpinal 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 how the funds will be used.

In May, Vertiflex won pre-market approval from the FDA for its Superion interspinous spacer for treating moderate lumbar spinal stenosis.

VertiFlex’s device is designed to be implanted in the spine through a minimally invasive procedure to relieve pressure, the company. Spinal stenosis is a narrowing of the spine, which can put pressure on spinal nerves. The condition, which is often associated with aging, can cause pain, numbness and loss of certain motor function.

Filed Under: Business/Financial News, Implants, Spine Tagged With: VertiFlex Inc.

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