OrthoSpin completes $3 million raise

Editor’s note: News of the OrthoSpin raise appeared in CTech, Globes, Markets Insider, Mass Device, Next Insight, OrthoSpineNews, The Business Times, (all in English) and GeekTime (Hebrew).

Johnson & Johnson Innovation -- JJDC logo

OrthoSpin announced that it completed a $3 million investment round for its smart, robotic external fixation system for orthopedic treatments. Johnson & Johnson Innovation (JJDC) led the round.

OrthoSpin product

The OrthoSpin strut and control box for smart fixation.

External fixation devices are a common treatment choice for bone lengthening, setting complex fractures, and correcting deformities. Patient compliance challenges and a lack of real-time feedback for physician follow-up present substantial challenges. Currently, effective treatment necessitates that patients manually adjust fixation devices on a daily basis, requiring complicated patient training. This often causes adjustment errors and non-compliance results in poor clinical outcomes.

The OrthoSpin system makes pre-programmed adjustments automatically and continuously — without the need for patient involvement. Integrated software enables physicians to chart patient progress, and, when required, immediately adjust treatment programs. The accurate OrthoSpin system eliminates the need for weekly follow-up and is generally expected to improve patient experience resulting from smaller incremental adjustments with reduced soft tissue damage.

“We are delighted to have this investment and support from JJDC, as we continue the development of OrthoSpin,” said Oren Cohen, CEO of OrthoSpin. “The funding will enable us to accelerate our development process and broaden our clinical trials. We are confident that this investment will be an important step in bringing OrthoSpin’s system to market.”

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