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THINK Surgical, a developer of energetic robotics for knee substitute 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 carry new merchandise to market that may supply an ordinary planning answer that may work throughout a number of robotic platforms and a alternative of implants from totally different producers.
Many present surgical robotic methods are closed methods that require surgeons to choose from a single producer’s implants. THINK Surgical needs to make it doable for surgeons to choose implants from many producers, to allow them to deal with which implant can be finest for every particular person affected person.
“We’re extraordinarily excited to strengthen our monetary place to help profitable new product commercialization via this financing spherical,” Stuart Simpson, president and chief govt officer of THINK Surgical, mentioned. “KDB Funding is a extremely subtle and revered skilled funding agency, and their funding will assist us develop our model and presence within the trade. We significantly respect their confidence in THINK Surgical as an funding alternative.”
THINK Surgical present product providing, the TSolution One Whole Knee Utility, can absolutely 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 substitute process that works with the affected person’s particular anatomy. Then, TCAT prepares the bone with sub-millimeter dimensional accuracy. This permits the surgeons to raised and place and align the implant in response to their plan.
KDB Funding is a personal fairness agency wholly owned by Korea Growth Financial institution that focuses on selling and advancing the pursuits of firms by offering monetary help.
“We’re very impressed with the expertise 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, mentioned. “THINK is nicely positioned to efficiently launch their robotic expertise with a differentiated enterprise mannequin that gives their clients 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.”