Active Implants LLC Closes $26.0 Million Financing Round (press release)
Active Implants LLC, the technology leader in cushion bearing orthopaedics with its NUsurface® Meniscus Implant, today announced that it closed the first tranche of $8.7 million in new funding of a total commitment of $26.0 million. The new round of financing was led by View Capital RIA, L.P. (Dallas, TX) and River Street Management (Memphis, TN). Proceeds will be used to fund completion of a Multi-Center Trial on the NUsurface® Meniscus Implant, which is currently enrolling patients in Europe and Israel, and initiate a randomized clinical trial to support application for U.S. regulatory approval.
“The NUsurface® meniscus implant is designed to fill a significant treatment gap between non-operative care and knee replacement surgery.”
Elliott Hershman, M.D., Chairman of the Department of Orthopaedics at Lenox Hill Hospital in New York, who has served as the Chief Medical Advisor of Active Implants since inception states, “The NUsurface® Meniscus Implant is a novel, composite polymer implant which is used to treat knee patients who have pain and disability arising from osteoarthritis (OA) caused by a previou...
