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OrthoSensor, Intelligent Orthopedics Leader, Secures an Additional $15 MM in Series B Financing

Fri, 05/04/2012 - 9:45am
The Associated Press

(http://www.orthosensor.com)

OrthoSensor, Inc., the leader in intelligent

orthopedics(http://ctt.marketwire.com/?release=883380&id=1573318&type=1&url=http%3a%2f%2fwww.orthosensor.com%2forthosensor),

announced that the company has closed on an additional $15 million in

Series B Preferred Stock financing, bringing the total Series B

investment to $36 million. The funds will be used to expand the

commercialization of the company's first product, the OrthoSensor?

Knee Balancer, and to support the launch of OrthoSensor's line of

additional intelligent orthopedic devices.

Intelligent Orthopedics is a new field that harnesses the latest

innovations in sensors, microelectronics and wireless communications

with the goal of improving healthcare outcomes and reducing the cost

of treating musculoskeletal

disease(http://ctt.marketwire.com/?release=883380&id=1573321&type=1&url=http%3a%2f%2fwww.orthosensor.com%2forthosensor).

OrthoSensor has a portfolio of devices that provide real-time data to

surgeons and hospitals. OrthoSensor's sensor-assisted instrumentation

and implants are designed to enhance surgical implantation, as well as

enable remote monitoring of implant function and overall

musculoskeletal health.

"The strong interest in our latest round of funding demonstrates the

continued investor confidence in OrthoSensor and the tremendous market

opportunity for intelligent orthopedics," commented Jay Pierce, Chief

Executive Officer of OrthoSensor. "Since the start of our limited

release in September, the OrthoSensor? Knee Balancer has been adopted

in some of the most prestigious orthopedic facilities in the United

States and is providing a wealth of data associated with soft tissue

tensioning and knee kinematics. We will utilize these funds to expand

the commercial launch of the Knee Balancer and to bring to market the

next products in our portfolio of intelligent orthopedic devices. Our

cutting edge technology is poised to transform the treatment of

musculoskeletal disease by facilitating evidence-based orthopedics."

OrthoSensor has three product platforms: OrthoSensor Surgical,

OrthoSensor Implantables and OrthoSensor Analytics. The company's

first product is the OrthoSensor? Knee Balancer. Used to insure proper

soft tissue balance during total knee

arthroplasty(http://ctt.marketwire.com/?release=883380&id=1573324&type=1&url=http%3a%2f%2fwww.orthosensor.com%2forthosensor),

the OrthoSensor Knee Balancer takes knee replacement surgery to a new

level of precision. The product is embedded with sensors that provide

surgeons with actionable data on implant fit and knee kinematics. The

sensors wirelessly transmit key information to a graphic display,

enabling surgeons to make informed adjustments to the soft tissues to

optimize implant placement. Accurate implant placement and soft tissue

balance have been shown to extend the life of implants, reduce the

incidence of revision surgeries and improve patient function.

About OrthoSensorOrthoSensor, Inc.

(www.orthosensor.com(http://ctt.marketwire.com/?release=883380&id=1573327&type=1&url=http%3a%2f%2fwww.orthosensor.com%2f))

is an innovative medical device company developing and commercializing

intelligent orthopedic devices that provide real-time data to surgeons

and hospitals during and after surgery. OrthoSensor's intelligent

orthopedic devices utilize advanced sensor and wireless communication

technology with the goal of improving healthcare outcomes and reducing

the cost of treating musculoskeletal disease. The company's

intelligent orthopedic instrumentation and implants are designed to

enhance surgical implantation, as well as enable remote monitoring of

implant function and overall musculoskeletal health.

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