BOSTON, MA, April 12, 2022 /OrthoSpineNews/
NanoHive Medical, LLC introduced immediately that the corporate has closed on an oversubscribed Progress Financing spherical to assist its product growth and commercialization efforts. Final result Capital served because the strategic and monetary advisor for the transaction.
The usage of proceeds shall be devoted to increasing the corporate’s progressive portfolio of distinct, 3D-printed Hive™ Gentle Titanium® spinal interbody fusion gadgets, progress of economic operations, and key personnel additions supporting speedy adoption.
“The corporate has made exceptional progress up thus far and has reached the stage the place we’re correctly ready to speed up progress. This financing is a vital step, permitting us to deal with swift and aggressive business execution of our interbody fusion gadgets primarily based on our proprietary lattice design. That is the one portfolio of its sort providing a dynamic mixture of biomechanical and biologic attributes designed to speed up spinal fusion in a single package deal. The corporate is creating best-in-class gadgets that embrace unbiased endplates, biologics injection channels and compelling floor know-how” stated Patrick O’Donnell, President & Chief Govt Officer for NanoHive Medical.
In February, the corporate introduced a strategic distribution partnership with Accelus to develop NanoHive’s business footprint into ambulatory care surgical procedure facilities that can increase the corporate’s different distribution channels promoting into in-patient and out-patient services. NanoHive’s progressive portfolio uniquely combines the newest in 3D-printed manufacturing know-how and titanium supplies to handle physicians’ continued search to optimize spinal fusion procedures and to advertise accelerated restoration.
About NanoHive Medical LLC
NanoHive Medical is a pioneer and main innovator in 3D printed spinal interbody fusion implants and instrumentation. The corporate’s proprietary, biomimetic Gentle Titanium® know-how clearly distinguishes their merchandise within the $1.9B spinal interbody fusion system market. The Hive™ portfolio of interbody fusion gadgets present surgeons and their sufferers best biomechanical elastic modulus properties, clear and exact diagnostic imaging functionality, osteoblast cell attraction and integration – all options which are designed to result in constantly sturdy fusion constructs and efficacious medical experiences. NanoHive Medical is situated in Woburn, Massachusetts, U.S.A. Be taught extra at www.nanohive.com.