Archus Orthopedics (Seattle, WA)– Abruptly went on life support May 19, 2009
http://budurl.com/vwdy
Promising spine startup with first facet replacement arthroplasty in trials. Cut almost entire staff.
Pegasus Biologics (Irvine, CA)– Bankrupt on May 15, 2009 http://budurl.com/dnl3
Abruptly closed doors after failing to secure a bridge loan. OrthoAdapt was sold for musculoskeletal soft tissue repair on over 11,000 procedures. $63M was raised since 2004.
Vertebron (Stratford, CT) – Bankrupt on Feb 20, 2009
http://budurl.com/csua
Opinion is that they could not get sales traction with their many spine products.
IST Spine (Mansfield, MA)– Bankrupt on Jan 27, 2009
http://budurl.com/7j3u http://budurl.com/wp6s
$75M was raised since 2002. Opinion is that a series of poor business decisions lead to its downfall including changes in their distribution model.