A Louisville company that’s developing a medical device to help surgeons monitor the progress of spinal fusion surgeries is eyeing a relocation to the Cleveland area.
Intellirod Spine is hoping to attract some Northeast Ohio investors to help pave the way for the relocation. The company would also use a hoped-for $7 million series B round of investment to fund animal and human testing of its implantable electronic spine fusion sensor, said CEO Ric Navarro, a Northeast Ohio native who was previously an executive with Integra Spine. [ continue ]
About Intellirod Spine
Intellirod Spine™ (formerly OrthoData Inc.) was founded by renowned spine surgeon Rolando M. Puno, M.D. and professors from the University of Louisville. The company is developing a wireless implantable microelectronic spinal rod strain sensor. This innovative strain monitoring system will allow spine surgeons to objectively assess the strain on implanted spinal fusion rods.
The difficulty in detecting bone growth
after spine fusion is a known challenge.