Meduloc Closes $4 Million Series B Financing Led by GenHenn Capital
Financing includes strong support from
The round was led by GenHenn Capital, with participation from Life Sciences Greenhouse Investments (LSGI)1, Ben Franklin Technology Partners of Southeastern Pennsylvania2, Broad Street Angels and former Los Angeles Dodgers player
The participation of LSGI, Ben Franklin Technology Partners of Southeastern Pennsylvania and Broad Street Angels reflects strong support from the
The financing will support Meduloc's controlled alpha launch, continued generation of clinical evidence and development of the commercial infrastructure required to bring its fracture fixation platform to a broader range of surgeons and patients.
"Closing this financing is a significant milestone for Meduloc as we move from product development and regulatory clearance into controlled commercialization," said
Meduloc's FDA-cleared, sterile, single-use system uses a flexible nitinol intramedullary implant designed to provide fracture stability while preserving anatomy and avoiding joint violation in certain applications. The platform can be used across a range of upper- and lower-extremity long-bone fracture applications in adult and pediatric patients.
"Meduloc has developed a differentiated technology with the potential to address important needs in fracture fixation," said
"As a former professional athlete, I have seen how injuries and recovery can affect both performance and quality of life," said
Meduloc expects to begin its controlled alpha launch in early
¹ This project was financed in part by a grant to Life Sciences Greenhouse Investments from the Commonwealth of Pennsylvania.2 This project was financed in part by a grant to Ben Franklin Technology Partners of Southeastern Pennsylvania from the Commonwealth of Pennsylvania.
About Meduloc
Meduloc is an orthopedic medical device company focused on advancing fracture fixation through an innovative flexible nitinol intramedullary platform. Its FDA-cleared, sterile, single-use system is designed for use across a range of long-bone fracture applications in adult and pediatric patients. Meduloc's technology is intended to provide stable fixation while preserving anatomy and offering surgeons a versatile alternative for fracture treatment.
For more information, visit www.meduloc.com
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SOURCE Meduloc
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