Medtech Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Archus cuts staff for cash stability

This article was originally published in Clinica

Executive Summary

Spinal implant specialist Archus Orthopedics has cut staff in order to conserve its cash reserves, says business and technology website Xconomy Seattle. Archus, which had a workforce of 45 people, has also had to reduce its business operations in order to sustain its capital. According to Xconomy Seattle, the company’s CEO Jim Fitzsimmons said that the pre-revenue firm had been affected by the “extremely challenging financing market” but is looking at options to maximise shareholder value. The Redmond, Washington-based company is currently developing its Total Facet Arthroplasty System (TFAS), which is designed to restore normal motion and provide stabilisation of spinal segments.

Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

MT042596

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel