THINK Surgical brings in $100M

[ad_1]

Take heed to this text

Voiced by Amazon Polly

THINK Surgical’s TSolution system can automate the bone preparation course of for knee surgical procedures. | Supply: THINK Surgical

THINK Surgical, a developer of energetic robotics for knee substitute surgical procedures, introduced that it introduced in a $100 million funding from KDB Funding International Healthcare of Korea, a brand new investor within the firm. 

The corporate plans to make use of the funding to convey new merchandise to market that may supply a regular planning resolution that may work throughout a number of robotic platforms and a selection of implants from totally different producers. 

Many present surgical robotic programs are closed programs that require surgeons to select from a single producer’s implants. THINK Surgical desires to make it attainable for surgeons to select implants from many producers, to allow them to give attention to which implant can be greatest for every particular person affected person. 

“We’re extraordinarily excited to strengthen our monetary place to assist profitable new product commercialization by this financing spherical,” Stuart Simpson, president and chief government officer of THINK Surgical, stated. “KDB Funding is a extremely refined and revered skilled funding agency, and their funding will assist us increase our model and presence within the business.  We tremendously respect their confidence in THINK Surgical as an funding alternative.”

THINK Surgical present product providing, the TSolution One Complete Knee Utility, can absolutely automate bone preparation for knee surgical procedures. The system is made up of the TPLAN 3D Planning Workstation, a pc system for preoperative planning, and the TCAT Laptop-Assisted Device, a instrument that takes TPLAN’s preoperative plan and prepares the bone cavity and joint floor. 

When performing operations with TSolution, surgeons will use TPLAN to design a joint substitute process that works with the affected person’s particular anatomy. Then, TCAT prepares the bone with sub-millimeter dimensional accuracy. This permits the surgeons to raised and place and align the implant in response to their plan. 

KDB Funding is a non-public fairness agency wholly owned by Korea Growth Financial institution that focuses on selling and advancing the pursuits of firms by offering monetary assist. 

“We’re very impressed with the expertise portfolio that THINK Surgical has developed and is planning to commercialize.  We very a lot look ahead to a number of deliberate product launches over the approaching years,” DH Lee, chief government officer of KDB Funding, stated. “THINK is nicely positioned to efficiently launch their robotic expertise with a differentiated enterprise mannequin that gives their clients with higher worth propositions, and KDB Funding has nice confidence within the management of THINK, primarily in CEO Stuart Simpson, given Stuart’s deep expertise within the orthopedic surgical robotic enterprise.”

[ad_2]

Leave a Reply

Your email address will not be published. Required fields are marked *