Shoulder repair co MinInvasive raises several million dollars (Globes)
MinInvasive is developing a minimally invasive device for rotator cuff repair in the shoulder.
Sources inform ''Globes'' that MinInvasive Orthopedic Solutions Ltd. has raised several million dollars in a financing round led by Access Medical Ventures. Private investors, including big names in the life sciences, also participated in the round, but their names were not disclosed. MinInvasive is developing a minimally invasive device for rotator cuff repair in the shoulder. The device has obtained marketing approval, and is undergoing post-approval clinical trials.
MinInvasive CEO Ronen Raz says that rotator cuff repair surgery connects the tendon to the bone. The prevailing procedure involves a deep incision in the shoulder and manually stitching the tendon to the bone. Minimally invasive procedures also exist. MinInvasive's OmniCuff device is stapler inserted through a small incision to staple the tendon to the bone. More than one million rotator cuff repair procedures are conducted worldwide each year.
Doctors like minimally invasive technology, and it has taken over the market since its launch a decade ago. How...
