Website - Loci Orthopaedics
Loci Orthopaedics Ltd. announce the closing of a €2.75M seed round investment to commercialise a new orthopaedic joint implant for a common but crippling joint condition.
Loci Orthopaedics is an independent leader in the development of a potentially life-changing, ergonomic, and clinically evidence-based solution to address the increasing unmet clinical need of thumb base joint arthritis.
The company is a medical device spin-out from the National University of Ireland Galway (NUIG) and is based in the Business Innovation Centre on the NUIG campus.
The company is developing the “InDx Implant” to meet this need and access a surgical market estimated at over €550 million per annum.
The finalization of a third-party investment round of €2.75M to date is a primary indicator of the strength of the business case and the future potential of Loci Orthopaedics.
Clinical need
Arthritis of the thumb base joint causes significant functional impairment of the hand. Those with this condition are either restricted in, or often lose the ability to perform, everyday tasks such as using a mobile phone, turning keys in a door, and even writing due to increasingly sever...
