Navigation Links
JumpStart Invests $250,000 in OrthoData, Inc.
Date:3/28/2013

CLEVELAND, March 28, 2013 /PRNewswire/ -- OrthoData, Inc. (www.orthodatainc.com), an Akron-based medical device company developing a novel diagnostic system for spine surgeons, has received a $250,000 investment commitment from Cleveland-based nonprofit venture development organization JumpStart Inc. (www.jumpstartinc.org). OrthoData's breakthrough implantable microelectronic spine fusion sensor, known as the IntelliRod™ system, enables surgeons to assess the success of spinal fusion procedures without exploratory surgery.

"Up to 30 percent of post-operative patients experience continuing pain," says OrthoData's President and CEO, Ric Navarro . Determining the cause of this pain—which can occur due to incomplete fusion of the vertebrae—often requires further surgery, slowing patients' recovery time. "OrthoData's IntelliRod™ system allows surgeons to track the outcome of the initial fusion surgery without invasive procedures and with less radiation exposure to the patient," Navarro says.

OrthoData's diagnostic system is more affordable than other methods used to assess post-operative progress, such as CT scans. In addition, the IntelliRod system is more quantifiable than imaging, as it provides objective postoperative measurement of the extent of spinal fusion.

"OrthoData's technology has the potential to transform the postoperative management of spine implant patients," says Michael Lang , JumpStart Venture Partner. "By providing early indication if the spine is or is not fusing, surgeons can intervene with alternative therapies sooner. In addition, OrthoData's solution can allow the patient to return to normal activities more quickly. The net effect is both better outcomes and reduced costs." OrthoData's solution could greatly benefit high-risk spinal fusion patients including diabetics, smokers and the elderly.

OrthoData plans to use the investment to complete prototype development and conduct relevant animal studies.

ORTHODATA, INC. OrthoData, Inc. is an Akron, Ohio-based medical device company developing the IntelliRod™ system, a breakthrough implantable spine fusion sensor. This innovative diagnostic system will enable spine surgeons to accurately assess the success of spinal fusion and eliminate the need for unnecessary exploratory surgery while accelerating patients' post-surgery recovery.

JUMPSTART INC. JumpStart accelerates the successes of diverse entrepreneurs, their companies and the ecosystems supporting them. The Cleveland-based nonprofit has given intensive business assistance to more than 440 entrepreneurial clients and invested in 71 early stage Northeast Ohio companies since 2004. For more information on the nonprofit development organization, visit www.jumpstartinc.org and follow @JumpStartInc on Twitter.

TO SHARE ON FACEBOOK, LINKEDIN OR TWITTER: Meet @jumpstartinc 71st portfolio co. OrthoData developing revolutionary implantable spine fusion sensor: http://j.mp/14w47YP #Akron


'/>"/>
SOURCE JumpStart Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Brookside Mezzanine Partners Invests in Longhorn Health Solutions
2. Australian Government Invests in Detection and Management of Blinding Eye Disease and Diabetes Through Intelligent High Resolution Retinal Camera Development by Vision CRC
3. Foundation Venture Capital Group Invests In Start-Up Working to Reduce Side Effects of Parkinsons Treatment
4. MinuteClinic Recognizes National Nurse Practitioner Week and Invests in the Education and Advancement of Clinicians Across the U.S.
5. West Health Investment Fund invests in GlySens and RxAnte
6. Australian Business Mogul Bruce Mathieson Invests in iSonea
7. Golden Seeds Invests In DxUpClose, Disruptive Technology That Performs An Antibiotic Sensitivity Test At The Patients Bedside In Less Than An Hour
8. Sentry BioPharma Services Invests in Global Clinical Supply Services with -45C Freezer Expansion
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2017)... 27, 2017  Sanderling Ventures, portfolio company, Torax ... division of Johnson & Johnson. Torax manufactures and markets ... of gastro-esophageal reflux disease (GERD). The LINK device ... and the procedure is currently available in the ... Medical was founded by Sanderling Ventures, Mayo Medical ...
(Date:3/27/2017)... March 27, 2017 BioLineRx Ltd. (NASDAQ/TASE: ... announced today that AGI-134, an immunotherapy for the treatment of ... Ltd., will be featured at the upcoming American Association ... Washington, DC to be held on April 1-5, ... ...
(Date:3/27/2017)... FRANCISCO , March 27, 2017 ... expected to reach USD 16.0 billion by 2025, according ... The growing prevalence of chronic diseases is anticipated to ... chemistry analyzers, which thereby widens the scope for growth ... geriatric and bariatric population, which is highly susceptible to ...
Breaking Medicine Technology:
(Date:3/27/2017)... PA and London UK (PRWEB) , ... March ... ... the speed, agility and ability to gain site attention and engagement over the ... DrugDev educational webinar will discuss how partnering with the right ...
(Date:3/27/2017)... ... March 27, 2017 , ... A study by the founder of ... colleague, Sudeep Roy, MD, was recently published in the American Journal of Cosmetic ... details Drs. Buckingham and Roy’s study on the use of Electro Lube during the ...
(Date:3/27/2017)... Arizona (PRWEB) , ... March 27, 2017 , ... Buzzies ... the top 10 for Rent the Runway Foundation and UBS’ Project Entrepreneur. Mayo will ... York on April 8. , Project Entrepreneur’s second annual venture competition ignites bold ...
(Date:3/27/2017)... IL (PRWEB) , ... March 27, 2017 , ... ... systems, recently received the CE Certificate of Conformity for the Smart System® 20/20. ... or exceed the highest industry standards and specifications such as ANSI, ISO and ...
(Date:3/27/2017)... ... March 27, 2017 , ... American ... conference coverage on veterinary medicine, announces the launch of Veterinarian’s Money Digest™, a ... with the April edition of American Veterinarian™. , “We look forward ...
Breaking Medicine News(10 mins):