Orthopedic balloon startup raises $2.6M to treat shoulder |

Orthopedic balloon startup raises $2.6M to treat shoulder

 

Orthopedic balloon co Ortho Space raise $2.6m (Globes)

Ortho Space Ltd. has raised $2.6 million at a company value of $11.5 million, after money. TriVentures LP led the round.  Ortho Space is a subsidiary of Bioprotect Ltd. Both companies are graduates of Xenia Venture Capital Ltd. (TASE:XENA) incubator.

Ortho Space’s balloons are used to treat torn ligaments in the shoulder, and have been implanted in 150 patients to date in a clinical trial.   The biocompatible balloon imitates the natural physiological bursa underneath the acromion.

OrthoSpace Ltd. designs and develops new technology separates tissue using a balloon made of biodegradable material. The product creates a space between a tumor and the nearby healthy tissue. The product is also used in orthopedics, as an implant in the shoulder of patients with massive tears in the muscle and tendon. OrthoSpace Ltd. is based in Israel.

 

One response to Orthopedic balloon startup raises $2.6M to treat shoulder

  1. Alberto Brambilla December 20th, 2011 at 9:31 am

    Nice device, really!!!!
    Have you got any distributor or sale agency in Italy?

    Best regards

    Alberto Brambilla
    6,via Carducci
    41032 Cavezzo MO Italy

        Reply

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