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:9/27/2017)...  Commended for their devotion to personalized service, SMP Pharmacy ... one in the South Florida Business Journal,s 50 Fastest-Growing Companies, ... list, the national specialty pharmacy has found its niche.  To ... soon be honored by SFBJ as the 2017 Power Leader ... to receive his award in October, Bardisa said of the ...
(Date:9/23/2017)... Janssen Biotech, Inc. (Janssen) announced today that ... U.S. Food and Drug Administration (FDA) for the Biologics ... treatment of moderately to severely active rheumatoid arthritis (RA). ... needed to further evaluate the safety of sirukumab in ... "We are disappointed ...
(Date:9/19/2017)... 19, 2017   ZirMed Inc ., a recognized leader ... that it has been ranked #1 by its users for ... Rankings 2017 User Survey. ZirMed was recognized as the top-ranked ... and medical centers over 200 beds and holds one of ... user survey history. ...
Breaking Medicine Technology:
(Date:10/13/2017)... AR (PRWEB) , ... October 13, 2017 , ... ... with locations throughout Arkansas that offers insurance and financial preparation services, is providing ... the Rock City Rescue organization. , Rock City Rescue is a locally recognized ...
(Date:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a leading Health and Nutrition ... the Purzorb™process to full spectrum CBD oil will revolutionize the rapidly growing CBD market ... can be easily incorporated into liquid products, while reducing costs to end users. , ...
(Date:10/13/2017)... ... October 13, 2017 , ... The Visiting Nurse Association (VNA) ... a collection of specialty vendors and unique items from across the nation, this holiday-themed ... and wellness services offered by the VNA. The boutique will be open Saturday, ...
(Date:10/13/2017)... ... October 13, 2017 , ... Coveros, ... Development, has been awarded a contract by the Center for Medicare and Medicaid ... to accelerate the enterprise use of Agile methodologies in a consistent and high ...
(Date:10/12/2017)... , ... October 12, 2017 , ... Planet Fitness, one ... U.S., announced today its plans to open a flagship location in Covington, LA at ... former Rooms To Go store next to Office Depot in the Holiday Square shopping ...
Breaking Medicine News(10 mins):