Navigation Links
Paradigm Spine Closes $21.5 Million Financing and Announces Promotion of Matt Stuttle to Position of Vice President, US Sales
Date:7/27/2009

NEW YORK, July 27 /PRNewswire/ -- Paradigm Spine, LLC, a developer of innovative non-fusion spinal implant solutions, announced that it has completed a $21.5 million financing, consisting of a $15mm debt facility and $6.5mm equity. Fifth Third Bank was the sole lender in the $15mm venture debt funding. The $6.5 mm of equity was led by Praefinium Group, a global asset management group specializing in high-growth opportunities, and Trevi Health Ventures, a venture capital firm specializing in healthcare investments.

The proceeds from this financing will be used to strengthen the US sales infrastructure, fund the Company's ongoing US clinical trial of the coflex((R)) device, and drive further international expansion of the company's product portfolio. The Company believes this financing will carry it through to profitability in 2010.

Marc R. Viscogliosi, Chairman and CEO of Paradigm Spine, LLC, said "Paradigm's ability to raise capital despite this current economic situation reinforces the strength and quality of our organization, and the confidence our investors have in the success of the company. Paradigm has demonstrated a strong track record over the past 4 years, with sales growing at a CAGR of over 60% from 2005 - 2008. Worldwide revenues grew 63% 2Q09 vs. 2Q08 and growth was more than 15% when comparing sequentially 2Q09 vs. 1Q09. We are particularly pleased with this performance despite economic headwinds and slowing surgical volumes and expect this growth to continue with the expansion of the US Sales team. "

Jeff Thieman, vice president of National Healthcare Finance at Fifth Third Bank added: "We are pleased to do business with a market leader in the advancement of innovative non-fusion spinal implant products. The new capital will support Paradigm as the Company positions itself for future growth. At Fifth Third Bank, we are committed to responsible lending for our comme
'/>"/>

SOURCE Paradigm Spine, LLC
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Changing Paradigms in Hereditary Angioedema: A Focus on Timely Diagnosis and New Therapies
2. Changing Paradigms in Hereditary Angioedema: Pathophysiology, Diagnosis and Treatment
3. The Beryl Companies Reinvents Call Center, Shatters Old Paradigm
4. National Womens Health Report Addresses Issues of Uninsured Plus New Paradigms of Care
5. New CME guidelines advise paradigm shift in physician education
6. Cancer Researcher Dan Von Hoff, M.D. Advocates for "Context of Vulnerability," A Powerful New Paradigm for Targeted Drug Development
7. Topical treatment for cold sores achieves efficacy of oral drugs; represents paradigm shift
8. DIA Conference to Provide New Paradigms in Evidence-Based Medicine and Health Technology Assessment
9. New KLRI Reports Shows Longevity Science Moving Beyond Studying the Obvious to the Downward Spiral Paradigm in the Aging Process
10. Siemens New Ultrasound Platform Revolutionizes the Paradigm of Echocardiography
11. Paradigm shift: Switch for programmed cell death promotes spread of glioblastoma
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/6/2015)... ... July 06, 2015 , ... Cancer ... cancer patients, caregivers and medical professionals to chat with the CHN patient services ... , “Receiving a cancer diagnosis is often the most traumatic experience of a ...
(Date:7/6/2015)... ... July 06, 2015 , ... With a new community ... teamed up with Family Emergency Shelter Coalition (FESCO) and announced a new charity ... created especially to provide emergency services and support for homeless families, all the ...
(Date:7/6/2015)... ... , ... With a new community program in the Livonia, Canton and Plymouth ... a new charity campaign to raise funds in support of the health and safety ... Our Youth is a coalition created especially to educate and empower teens, bringing awareness ...
(Date:7/6/2015)... Rockville, MD (PRWEB) , ... July 06, 2015 , ... ... MD, and Washington, DC, area patients. Kybella is a non-surgical method to ... the use of reducing moderate to severe fat deposits under the chin, commonly known ...
(Date:7/6/2015)... ... July 06, 2015 , ... Diabetes affects many of us and the ... Americans have diabetes, the majority of which are Type 2. However, eight million do ... one in three, have prediabetes (abnormally high blood sugar levels). Without reductions in blood ...
Breaking Medicine News(10 mins):Health News:Cancer Hope Network Launches Upgraded Website to Support Cancer Patients, Caregivers 2Health News:Carlson & Associates Insurance Agency and Nonprofit Family Emergency Shelter Coalition (FESCO) Initiate New Charity Campaign in Alameda County, CA to Provide for Homeless 2Health News:Carlson & Associates Insurance Agency and Nonprofit Family Emergency Shelter Coalition (FESCO) Initiate New Charity Campaign in Alameda County, CA to Provide for Homeless 3Health News:Bowker Insurance Group and Nonprofit Livonia Save Our Youth Initiate New Charity Campaign in Livonia, MI to Provide for The Health and Safety of The Communities’ Youth 2Health News:Bowker Insurance Group and Nonprofit Livonia Save Our Youth Initiate New Charity Campaign in Livonia, MI to Provide for The Health and Safety of The Communities’ Youth 3Health News:Rockville, MD Practice Now Offering New FDA-Approved Non-Surgical Double Chin Treatment 2Health News:115 Million in the U.S. could beat diabetes with the help of a new app 2
... of shrinking tumours in certain cancers a finding that ... are those caused by a new class of genes known ... recently, were dismissed as ,junk DNA,. While much is still ... with how our genes are ,read,. The current finding ...
... from routine diagnostic CT, radiologists may be better able to ... a new study appearing online and in the November issue ... show that radiologists can predict cardiovascular disease fairly well using ... along with minimal patient information, such as age, gender and ...
... internationally-recognized expert in spiritually and medicine, will be the ... Social Work,s (GCSW) 13th Annual R.J. DeBottis Memorial Lecture on ... "We are honored to host Dr. Koenig who ... health in people of all ages," said Ira Colby, dean ...
... HealthDay Reporter , MONDAY, Sept. 27 (HealthDay News) -- ... men when their wives or girlfriends are sick: the male ... more likely than other men to be hospitalized for severe ... the men was very small, and the new study doesn,t ...
... The National Cancer Institute has awarded a five-year, $13.6 ... Chapel Hill,s Carolina Center of Cancer Nanotechnology Excellence (C-CCNE) ... research to improve the diagnosis and treatment of cancer ... the continued work of the center launched in 2005 ...
... Reporter , MONDAY, Sept. 27 (HealthDay News) -- There ... other noncarbonated beverages are associated with physical activity they ... In a study of more than 15,000 middle and ... who drank sugar-sweetened beverages, including sports drinks, were more ...
Cached Medicine News:Health News:A revolutionary new way of reversing certain cancers 2Health News:Researchers use CT to predict heart disease 2Health News:Dr. Harold G. Koenig to speak at R.J. DeBottis Lecture on Aging, Nov. 8 2Health News:Male Partners of Breast Cancer Patients May Suffer Depression 2Health News:NCI awards $13.6 million to UNC's Carolina Center of Cancer Nanotechnology Excellence 2Health News:NCI awards $13.6 million to UNC's Carolina Center of Cancer Nanotechnology Excellence 3Health News:Study Finds Teens Think Sports Drinks Are Healthy 2Health News:Study Finds Teens Think Sports Drinks Are Healthy 3
(Date:7/3/2015)... Redwood Pharma AB has entered into a ... both the US and China , ... hydrogel technology in its lead chronic Dry Eye therapeutic ... technology offers many unique competitive benefits. At lower temperatures, ... low concentrations of polymer the system can be transitioned ...
(Date:7/2/2015)... BGI a annoncé aujourd,hui que son ... situé à Hong Kong ... Pathologists  (Collège des pathologistes américains, ou CAP). Les ... constituent le premier laboratoire clinique de ... du CAP en Chine, car il satisfait les ...
(Date:7/2/2015)... and VANCOUVER , July 2, 2015 ... EPI) announced today that its common shares have been approved ... under the symbol "EPIX". ESSA will begin trading ... its listing on the TSX Venture Exchange under the symbol ... the common shares on the NASDAQ, each of the Company,s ...
Breaking Medicine Technology:Redwood Pharma Licenses Novel Hydrogel Drug Delivery Technology From Broda Technologies 2BGI obtient la certification du Collège des pathologistes américains (CAP) 2ESSA Pharma Inc. to Commence Trading on the NASDAQ Capital Market 2ESSA Pharma Inc. to Commence Trading on the NASDAQ Capital Market 3ESSA Pharma Inc. to Commence Trading on the NASDAQ Capital Market 4
... 25ml pipette in under 3 ... Rechargeable during use. 3 aspirate ... variable speed including gravity dispense ... holder. Low battery light. Suitable ...
Application: Safe and convenient filling and dispensing of glass and plastic pipets....
Inquire...
An adhesive-backed hanger, designed for use where space is limited (fume hoods, sterile hoods, etc.). Sticks to any smooth, dry surface without damage. Resistant to chemicals and UV light....
Medicine Products: