Vertiflex opens $5m funding round

Spinal technology firm VertiFlex opened a $5 million debt funding round, according to an SEC filing posted yesterday. San Clamente, Calif.-based Vertiflex already raised most of the funds, pulling in $4.8 million with $200,000 left for the round. The funding came from 7 unnamed investors this round, according to the filing. The company has not disclosed how the funds will be used. In May, Vertiflex won pre-market approval from the FDA for its Superion interspinous spacer for treating moderate lumbar spinal stenosis. VertiFlex’s device is designed to be implanted in the spine through a minimally invasive procedure to relieve pressure, the company. Spinal stenosis is a narrowing of the spine, which can put pressure on spinal nerves. The condition, which is often associated with aging, can cause pain, numbness and loss of certain motor function. The post Vertiflex opens $5m funding round appeared first on MassDevice.
Source: Mass Device - Category: Medical Equipment Authors: Tags: Business/Financial News Implants Spinal VertiFlex Inc. Source Type: news