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SI-BONE, Inc. Closes $16.0 Million Financing Led by Montreux Equity Partners
Date:9/26/2011

SI-BONE because we believe that the number of low back pain (LBP) patients with SI joint dysfunction is a significantly underserved clinical need and that the iFuse technology and procedure invented by Dr. Mark Reiley has strong potential based on early patient results. We are very confident in Jeff Dunn, CEO, and his management team and anticipate helping them accomplish their mission of helping SI joint patients worldwide."  

Jeff Dunn, CEO of SI-BONE, said, "We are pleased that Montreux Equity Partners agreed to bring their significant medical device experience to our clinical and commercial efforts.  It is a major advantage to have access to their expertise through John's board participation.  This financing will help strengthen the position of iFuse as the definitive MIS therapy for LBP patients with SI joint dysfunction, who are unresponsive to conservative therapy."

SI-BONE received clearance in November 2008 from the Food and Drug Administration (FDA) to market its iFuse Implant System. The CE mark for European commercialization was obtained in November 2010. The iFuse is designed to provide immediate post-operative stabilization and accomplishes the goal of traditional SI joint fusion through an MIS approach. Clinical publications have identified the SI joint as a pain generator for up to 22 percent of low back pain patients.  In addition, DePalma, Pain Medicine 2011, identified the SI joint as a pain generator in low back pain in 43 to 61% of post-lumbar fusion patients, so-called 'failed back surgery' patients.(1) Effective treatment of the SI joint is a significant unmet clinical need and, when conservative therapy fails, iFuse may provide an option.

In response to increasing awareness of SI joint disruption and dysfunction as debilitating symptom generators, SI-BONE, Inc. developed an innovative, patented implant to treat the SI joint. The company is also embarking on a prospective multicenter study to doc
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SOURCE SI-BONE, Inc.
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