List of Sports Medicine Startups

 

 

 

Active Implants (Memphis) angel-funded startup based in Memphis, NUsurface Meniscal Implant is in clinical trials in Europe and Israel; Active Implants was founded in  2004
http://www.activeimplants.com

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BioSyntech (Quebec, Canada) Using BST-CarGel, a natural biopolymer derived from the shells of crustaceans, BioSyntech is developing a treatment for the regeneration of cartilage in the knee, clinical trials have started, public TSE:BSY
http://www.biosyntech.com/en/

BioProtect (Israel) developed a new technology, called SpaceGuard, which separates tissue using a balloon made of biodegradable material. It can be used in the shoulder of patients with massive tears in the muscle and tendon. The implant acts as an artificial bursa, minimizing friction between the bones and the surrounding soft tissue and stops the acute reaction associated with the massive tears. BioProtect has successfully completed a trial of the implant in 24 patients in Slovenia, and has begun a trial in Israel. BioProtect Ltd spun out the company with $1M financing

Cayenne Medical (Scottsdale, AZ) founded in 2005, has raised approximately $32M from Split Rock Partners, Investor Growth Capital, Memphis Biomed Ventures, products for ACL repair include AperFix, iFix and CrossFix systems, rotator cuff repair under development
http://www.cayennemedical.com/

Connective Orthopaedics (Waltham, MA)
Technology involves wrapping ACLs in a collagen-platelet scaffold to stimulate the healing of intra-articular tissues, first product targeted for  the healing of anterior cruciate ligament (ACL) injuries, added Boston Celtics CEO Wyc Grousbeck to Board, Dean Banks is CEO
http://www.connectiveortho.com

CoolSystems (Alameda, CA) Offers advanced treatment for soft tissue repair using cold compresses and continuous passive motion machines, has brought in $2 million of a targeted $3 million round of debt and rights, last raised funding in August 2007, bringing in $3 million in a seventh round of venture funding from Maxwell Trust, MedVenture Associates, Roda Group
http://www.gameready.com/

Core Essence Orthopaedics (Yardley, PA)
Arthroscopic technology for Rotator Cuff Repair, Labrum tears, flexor injuries of the hands, and Achilles repair, $5M in funding from NewSpring Capital , John Moran named new CEO
http://www.ceortho.com/

KFx Medical Corp (Carlsbad, CA) advanced bone anchors and next generation knotless soft tissue fixation devices for orthopaedic sports medicine, products include PastaFix and SutureCross knotness fixation, raised $6.2M in 2005, raised $10M in 2007
http://www.kfxmedical.com/

NuOrtho Surgical (Fall River, MI) new cartilage probe, Ceruleau, is designed for one-time use while performing a surgical treatment for articular knee cartilage called a chondroplasty — a procedure where the damaged knee joint surface is carefully re-contoured to remove lesions and fraying and improve mobility, founders are Jeff Morrill, Roy Morgan, Dr. Wayne Auge, CEO is Morrill
http://www.nuorthosurgical.com

Orthomimetics, Ltd (Cambridge, UK) Scaffold plugs made from proprietary material designed for damaged knee cartilage lesions that becomed seeded with the body existing stem cells and grow new cartilage
http://www.orthomimetics.com

ProChon Biotech Ltd (Woburn, MA) Founded 1997, Autologous Cartilage REgeneration System called BioCart, cells are harvested from the patient through a non-invasive biopsy arthroscope needle, then expanded in the lab, seeded into a 3-D synthetic scaffold, then finally reimplanted into the cartilage lesion area, BioCart has been approved by the Israeli Ministry of Health for treating patients suffering from traumatic and other cartilage lesions in the knee
http://www.prochon.com/

ROG Sports Medicine (Orland Park, IL)  founded in 2010 by Blair Rhode MD, sells generic sports medicine implants that are manufacture red from stable technologies that have exhausted their intellectual mark-up and partners with OrthoDirect to remove the distributor and sales rep from the supply chain
http://www.buyrog.com/

Soft Tissue Regeneration (New Haven, CT) biodegradable PLLA scaffold for regeneration of the anterior cruciate ligament (ACL) of the knee and for the first time, has regenerated a native, natural ACL, capable of carrying normal load, after full resorption of the scaffold; also developing an augmentation device for rotator cuff repair, Joe Reilly is CEO
http://www.prochon.com/

February 22, 2012

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