Disc Dynamics is in the process of shutting down its business. The rumors of the company’s demise were confirmed to OTW by Dave Stassen, founding managing director of Split Rock Partners, the venture capital firm that corralled $65 million in private equity funds since 2000 for the spine company.
“Stassen told OTW on January 28 that the FDA’s refusal to allow the company to proceed with its IDE and continued request for more and more information and data finally “bled the company dry.”
Stassen said this was the third or fourth company in their portfolio that has had to cease operations because of their inability to get through the FDA. Investors have dropped $300 to $400 million “down the hole” because of the FDA.
OTW… http://ow.ly/12nQx
Disc Dynamics RIP… https://orthostreams.com/?p=3082