Release date: 2017-06-12

Recently, Conventus Orthopaedics, a medical device company from Minnesota, USA, announced the completion of a $20 million equity financing led by Deerfield Management.

Founded in 2008, Conventus Orthopaedics is dedicated to the development of 3D fracture repair implant devices. Conventus' Cage line of products has received FDA approval for the treatment of shoulder, elbow and wrist fractures. It is reported that the funds from this round will be used to promote the commercialization of Cage series products for the treatment of proximal humerus fracture repair.

(Source: Conventus Orthopaedics official website)

The Cage range consists of three products, Conventus Cage-PH for fixation of proximal tibiofibular fractures, Conventus Cage-DR for distal tibial fractures, and Conventus Cage-PR for proximal radial fractures. The device is a self-expandable intramedullary implant that can be placed in the bone. Among them, Cage-PH provides direct medial column support by placing specially designed structural components in the intramedullary space and anchoring them to the sacral stem cell column. This approach is similar to the use of tibial stents and other materials to address medial column support problems in tibial fractures.

Cage products can be telescopically delivered through a small cannula, then expanded in the bone to form a fixation and prevent the head from collapsing. Since the device exposes less hardware on the bone surface, it does not stimulate soft tissue like other implants such as nail plates or screws. In addition, Cage's implant surgery is less invasive, reducing postoperative pain and helping patients recover faster.

“Conventus Orthopaedics' bone and joint repair technology is a truly innovative technology that will revolutionize the surgical trauma market,” said Avi Kometz, a partner at Deerfield Management. “The early clinical results of Cage products have been very high. Outstanding, it also gives us confidence in long-term investment."

Source: Chuangjianhui (WeChat Inno_Insight)

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