AxioMed Spine Corp. is up for sale (Crains Cleveland Business)
AxioMed Spine Corp. has been put up for sale by its senior secured lender.
A “core group of employees” continue to run the Garfield Heights-based spinal implant technology company, according to Steve Gerbsman, principal of Gerbsman Partners — the firm hired to sell the company minus its liabilities.
AxioMed raised more than $70 million from investors over the years. The company “is on track to achieve over $1MM during the next 12 months” from sales of its Freedom-brand spinal implants, which are on sale in Europe but not being heav...
