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THINK Surgical, a developer of lively robotics for knee alternative surgical procedures, introduced that it introduced in a $100 million funding from KDB Funding International Healthcare of Korea, a brand new investor within the firm.
The corporate plans to make use of the funding to convey new merchandise to market that may supply a regular planning resolution that may work throughout a number of robotic platforms and a alternative of implants from totally different producers.
Many present surgical robotic programs are closed programs that require surgeons to select from a single producer’s implants. THINK Surgical needs to make it doable for surgeons to select implants from many producers, to allow them to concentrate on which implant could be greatest for every particular person affected person.
“We’re extraordinarily excited to strengthen our monetary place to assist profitable new product commercialization via this financing spherical,” Stuart Simpson, president and chief govt officer of THINK Surgical, stated. “KDB Funding is a extremely refined and revered skilled funding agency, and their funding will assist us increase our model and presence within the trade. We tremendously respect their confidence in THINK Surgical as an funding alternative.”
THINK Surgical present product providing, the TSolution One Whole Knee Utility, can totally automate bone preparation for knee surgical procedures. The system is made up of the TPLAN 3D Planning Workstation, a pc system for preoperative planning, and the TCAT Pc-Assisted Device, a instrument that takes TPLAN’s preoperative plan and prepares the bone cavity and joint floor.
When performing operations with TSolution, surgeons will use TPLAN to design a joint alternative process that works with the affected person’s particular anatomy. Then, TCAT prepares the bone with sub-millimeter dimensional accuracy. This enables the surgeons to raised and place and align the implant in keeping with their plan.
KDB Funding is a non-public fairness agency wholly owned by Korea Improvement Financial institution that focuses on selling and advancing the pursuits of firms by offering monetary assist.
“We’re very impressed with the know-how portfolio that THINK Surgical has developed and is planning to commercialize. We very a lot sit up for a number of deliberate product launches over the approaching years,” DH Lee, chief govt officer of KDB Funding, stated. “THINK is properly positioned to efficiently launch their robotic know-how with a differentiated enterprise mannequin that gives their prospects with higher worth propositions, and KDB Funding has nice confidence within the management of THINK, primarily in CEO Stuart Simpson, given Stuart’s deep expertise within the orthopedic surgical robotic enterprise.”