Navigation Links
Cayenne Medical Closes $10 Million Capital Raise
Date:2/14/2012

SCOTTSDALE, Ariz., Feb. 14, 2012 /PRNewswire/ -- Cayenne Medical, Inc., a private sports medicine device company, today announced the closing of a $10 million equity financing, with new investor Fletcher Spaght Ventures joining existing investors Split Rock Partners, MB Venture Partners and Investor Growth Capital. The proceeds will be used to enhance the company's sales and distribution and to support expansion of its portfolio of sports medicine orthopedic solutions.

Cayenne Medical currently markets products that address previously unmet clinical needs in knee ligament reconstruction and meniscal repair, including the AperFix® II System, the CrossFix® II System and the iFix® System. This month the company is also launching the Quattro™ Shoulder System for rotator cuff and labral repairs.  

"We are pleased to support Cayenne Medical and its innovative, complete procedural solutions for common sport-related orthopedic injuries," said Peter Kleinhenz of Fletcher Spaght.  "We believe the Company's high quality products, coupled with its impressive executive team will enable even further success as it introduces additional novel soft tissue repair solutions to market."

"Cayenne is privileged to have Fletcher Spaght Ventures join our already strong and committed investor syndicate. We look forward to a year of accelerated company growth, with our new innovative solutions for the shoulder to complement our best-in-class knee products," said David Springer, President and CEO, Cayenne Medical.

About Cayenne Medical, Inc.:Based in Scottsdale, Arizona, Cayenne Medical is a privately held medical device company defining new technology for the soft tissue reconstruction segment of the sports medicine market. The company was founded in 2005 and is focused on leading the transformation of traditional soft tissue repair procedures, by applying advanced technology through minimally invasive techniques. For more information, visit www.cayennemedical.com.

About Fletcher Spaght Ventures:Fletcher Spaght, Inc. was founded in 1983. The firm provides strategy and financing assistance to new ventures, risk capital investors and large enterprises with emerging technologies or other growth opportunities. We develop market research, competitive analysis and financial analysis to advise clients on the commercial potential of new ventures and the options for growing, funding or acquiring new businesses. Fletcher Spaght Ventures invests in high potential companies identified by our practice groups in High Technology, Healthcare and Corporate Growth.  For more information, visit www.fletcherspaght.com.Contacts:  Randy Buness

Tim Nash Chief Financial Officer

Vice President, Marketing(480) 502-3661

(480) 502-3661 rbuness@cayennemedical.com

 tnash@cayennemedical.com  


'/>"/>

SOURCE Cayenne Medical, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Cayenne Medical, Inc. Launches CrossFix® II Meniscal Repair System
2. Cayenne Medical, Inc. Launches AperFix® II
3. Cayenne Medical, Inc. Appoints David B. Springer President & CEO
4. Cayenne Medical, Inc. Reaches 50,000 Implant Milestone
5. Winner Medical Reports First Quarter of Fiscal 2012 Results
6. Sutter Medical Center First in California to Receive Atrial Fibrillation Certification
7. Hitachi Aloka Medical Introduces Diagnostic Ultrasound System F37
8. NorthCrest Medical Center Selects Allscripts Sunrise Electronic Health Record
9. Ronnie Andrews Joins Life Technologies as President, Medical Sciences
10. Canon Europe Acquires Dutch Medical Solutions Specialist Delft DI
11. Winner Medical Group Inc. to Host First Quarter 2012 Earnings Conference Call on Thursday, February 9, 2012 at 08:00 p.m. EST
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/12/2017)...  Eli Lilly and Company (NYSE: LLY ) ... resolve pending patent litigation in the U.S. District Court for ... the Cialis ® (tadalafil) unit dose patent. This patent ... part of the agreement, Cialis exclusivity is now expected to ... "The unit dose patent for Cialis is valid and infringed ...
(Date:7/11/2017)... , July 11, 2017  Sysmex America, Inc., ... diagnostic testing equipment as well as middleware information ... way to make quality assurance easier and more ... is well known for the innovation that it ... Monitor elevates quality assurance processes to a new ...
(Date:7/10/2017)... , July 10, 2017 The Institute for ... methods, is the recipient of a VITROCELL® inhalation exposure ... International Science Consortium. The device, which is designed to ... expose human lung cells to airborne test materials in ... use the VITROCELL® system for testing combustible tobacco products, ...
Breaking Medicine Technology:
(Date:7/24/2017)... PARK (PRWEB) , ... July 24, 2017 , ... Engineers ... is bio-compatible, because it produces the same kind of electrical energy that the body ... the form of moving electrons. This flow of electrons out of the battery is ...
(Date:7/24/2017)... ... , ... Cheerag D. Upadhyaya , M.D., M.Sc., FAANS has been appointed ... part of Saint Luke’s Health System . Dr. Upadhyaya has served in the ... FAANS joins Stanley P. Fisher, M.D., who has served as medical co-director ...
(Date:7/24/2017)... , ... July 24, 2017 , ... Cosmetic Town, an ... and the cosmetic surgeries they perform on a daily basis. , The new ... surgery procedures they specialize in at their practices. , When asked about the ...
(Date:7/24/2017)... ... 2017 , ... Horizon Goodwill Industries, SourceAmerica and ... high school girls succeed in STEM programs as well as help Horizon Goodwill ... over 20 high school girls at their corporate headquarters on Tuesday, July 25, ...
(Date:7/24/2017)... ... July 24, 2017 , ... Peruvian ... awards to be awarded annually to and divided between two full-time university students ... awareness to Amazonian plant medicine. To apply for the scholarship, students are asked ...
Breaking Medicine News(10 mins):