website - https://www.intelligentimplants.co/
Intelligent Implants scores €4.5 million blended financing from EIC Accelerator (press release)
EIC funding will accelerate the completion of the clinical pilot trial and the preparation of the pivotal study of the SmartFuse® system
Swedish-Irish smart orthopaedics start-up, Intelligent Implants has been awarded €4.5 million blended funding from the European Union (EU) EIC Accelerator programme.
Spinal fusion surgery, one of the most expensive and invasive medical procedures, is the only option for a large population of patients suffering from chronic back pain. Unfortunately, after many decades of progress, roughly 18% of 1.5M worldwide annual spinal fusion surgeries still fail, leading to devastating complications and immense healthcare waste. A failed fusion impacts the patient, payer, and hospitals through continued impaired quality of life, overexposure of radiation, expensive revision surgeries with poor outcomes, and long hospital stays. The non-union rate is at least 18%. Despite this significant unmet clinical need, there has been shockingly little transformative innovation in the field of orthopaedics, and specifically, d...
