CartiHeal Raises $5 Million in Financing to Support Agili-CTM For Single Stage Arthroscopic Cartilage Regeneration (press release)
CartiHeal Ltd, a privately held medical device company, focused on developing and bringing to market a proprietary, off-the-shelf, and cell-free cartilage regeneration technology, announced that it raised $5 million in venture funding from two US-Israeli venture capital firms, Accelmed and Access Medical Ventures. The financing will be used to prepare its first product launch early 2013 in Europe.
“Our CE marked Agili-CTM implant represents a true breakthrough in the field of cartilage regeneration”
The Agili-CTM is a “cell-free” implant that can be implanted in a single step arthroscopic procedure, and is indicated for the treatment of cartilage and osteochondral defects. Histology performed by NAMSA has demonstrated that the Agili-CTM regenerates true hyaline cartilage after 6 months in preclinical studies. The ability to regenerate hyaline cartilage, rather than ‘hyaline-like” cartilage, in a single stage procedure, without the use of exogenous cells or growth factors, is considered the Holy Grail in cartilage repair. The Agili-CTM is CE ma...
