Navigation Links
AngelMD Investor Group Closes Funding Round with Indago
Date:11/13/2018

Arthroscopy is one of the most common procedures performed in the United States (almost 5,000 per day), yet its underlying technology has not seen significant change since the first video arthroscope was introduced in the late 1970s. Indago is an Ohio-based company that is making surgery smarter by developing tools for a highly-efficient, tech-enabled surgical suite. The company's first product, ArthroFree, is a generation-skipping endoscopic camera that eliminates the wires—and their associated risks and inefficiencies—holding back legacy systems.

Today, a group of AngelMD investors announces the completion of a syndicate funding round for Indago as part of the company's $5.5 million Series A. The funds will be used to finalize development of ArthroFree, submit the device for FDA approval, staff up for market entry, and begin work on the next product in Indago’s portfolio.

"Working alongside AngelMD's physician leaders to advocate for our vision of the operating room of the future has been remarkable,” said Indago co-founder and CEO Eugene Malinskiy. “We found both physician and non-physician champions at every event and webcast, and now we have a pool of likely first users, as well as knowledgeable resources for current and future products."

ArthroFree eliminates expensive consumables, such as fiber optic cables, replacement light bulbs, and sterilization materials that are all required for the current systems. Furthermore, by removing the cables that tether all current arthroscopic cameras to the surgical tower, ArthroFree eliminates the associated trip and fall hazards, fire risks, and vectors for hospital-acquired infections.

"Indago is an innovative company which will revolutionize the world of arthroscopy in the operating room. This is a technological evolution that is long overdue," said AngelMD Lead Investor Dr. Brian Parsley. "By untethering the arthroscopic hand piece from the light source and cable connections while maintaining high quality imagery and improving efficiency will be a game-changer in the industry. AngelMD gave me an opportunity to invest in this exciting new company and be a part of next wave of change in my operating area."

Indago's ArthroFree system has fewer components to set up versus the competition and is drop-in compatible with existing systems. This compatibility removes the need for new training, new workflows, or other disruptions to current processes.

About AngelMD
AngelMD, an online Healthcare Investment and Innovation Marketplace, connects and engages a network of physicians, angel investors, early stage healthcare companies and subject matter experts through a powerful technology platform to create better outcomes for patients and investors. For more information, visit http://www.angelmd.co

About Indago
Indago is creating the operating room of the future with its smart surgical tools. Their first product is ArthroFree, a fully wireless minimally invasive camera that seamlessly integrates into existing OR workflows. This generation-skipping endoscopic visualization system is designed for all surgeons who are frustrated by unwieldy cables and outdated technology. With ArthroFree, Indago empowers surgeons to focus on their patients and procedures, not their tools. For more information, visit http://indago.io

Read the full story at https://www.prweb.com/releases/angelmd_investor_group_closes_funding_round_with_indago/prweb15915812.htm.


'/>"/>
Source: PRWeb
Copyright©2018 Vocus, Inc.
All rights reserved


Related medicine technology :

1. Push to Walk Receives Grant from Investors Foundation for Scholarship Fund
2. West Announces Fall Investor Conference Schedule
3. Cannabis Industry Heavyweights Confirmed for MJAC2017 InvestorsHub International Cannabis Conference
4. Therapix Biosciences to Present at Upcoming Scientific and Investor Conferences in June
5. CRH Medical Corporation To Present at the Bloom Burton & Co. Healthcare Investor Conference
6. Generic Drugs Stocks on Investors Radar -- Diplomat Pharma, Momenta Pharma, Agile Therapeutics, and Sophiris Bio
7. Health Care Plans Stocks on Investors Radar -- CVS Health, Express Scripts, UnitedHealth, and Aetna
8. Allergan Names Daphne Karydas as Senior Vice President of Global Investor Relations & Strategy
9. Biotech Stocks on Investors Radar -- Merrimack Pharma, Amicus Therapeutics, CEL-SCI, and Cempra
10. Biotech Stocks on Investors Radar -- Puma Biotechnology, Regeneron Pharma, Calithera, and Lexicon Pharma
11. Human Microbiome Market to be Worth US$3.2 Billion by 2024: Rising Investments by Angel Investors and Venture Capital Firms to Drive Growth, Says TMR
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/6/2018)... ... , ... Last year, 172 children deaths were reported for the 2017-18 flu ... the vaccine. Vaccination is the first step in protecting against the flu for people ... illness if infected. Along with getting vaccinated, people can take active steps to limit ...
(Date:12/5/2018)... (PRWEB) , ... December 05, 2018 , ... Smile Brands ... in a row moving from the 43rd to 25th position on the list ... Awards program, now in its 11th year, relies solely on the input of employees, ...
(Date:12/5/2018)... (PRWEB) , ... December 04, 2018 , ... ... highest marks possible for patient safety and quality. Today, the prestigious Leapfrog Group, ... country and Florida Hospital Carrollwood, Florida Hospital Heartland Medical Center Sebring, Florida Hospital ...
Breaking Medicine Technology:
(Date:12/6/2018)... ... December 06, 2018 , ... ... tropical disease schistosomiasis significantly faster than the drug most commonly used against the ... Democratic Republic of Congo. The study’s authors, including a professor and two research ...
(Date:12/5/2018)... ... December 05, 2018 , ... Adam ... has been reappointed to serve on Philadelphia Mayor James F. Kenney’s Commission on ... those who identify with a cognitive or physical disability. Devlin serves as the ...
(Date:12/5/2018)... ... December 05, 2018 , ... A well-known name in the world of gyms ... Wellbeats , which has delivered on-demand, virtual fitness programming to employers, gyms and ... Available now in the Apple App Store, the Wellbeats app is fitness that fits ...
(Date:12/5/2018)... ... December 05, 2018 , ... Since PermaLip™ implants are ... are invisible to the naked eye, ensuring a natural look. “I always double and ... are no signs of implant visibility,” says Dr. Jessica Kulak, double board certified facial ...
(Date:12/5/2018)... ... , ... Domenic Palmieri has been named chief operating officer ... for the executive oversight of operations for three core divisions within HM, including ... position,” Tom Doran, president, HM Insurance Group, said. “And while we had significant ...
Breaking Medicine News(10 mins):