Shelton [CT] -based Spine Wave Inc. landed $45 million in venture capital funding – almost half of all venture capital invested in the state during the second quarter, according to a PriceWaterhouseCoopers’ survey.
Spine Wave, which makes surgical implants for spinal problems, secured the $45 million in April and said it would use the money to commercialize multiple products it has been developing.
Spine Wave won Food and Drug Administration approval for two of its devices this year, including CapSure, a “pedicle screw system.”
Say what you will about the CapSure or our previously mentioned kyphoplasty system. What really catches our eye is the Connecticut Post headline writer, who titled the above article “Spine Wave Rakes in Backing”. Intentional? Hard to say. We would’ve liked to see something like, “Spine Wave Backing Firm, Yet Flexible” but that’d be too obvious, no?
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