New US spinal tech firm backed by Path4:
This article was originally published in Clinica
A new company focusing on the US spinal surgery market has been created as a channel for the artificial discs, spinal fusion system and other products emanating from French firm LDR Medical. Austin, Texas-based LDR Spine USA received backing from recently- founded venture capital group Path4, of Austin, which will also provide the president and CEO of the new company in the form of its general partner, Steve Whitlock. Other investors were Austin Ventures, the Rothschild Group and PTV Sciences, as well as LDR Medical. LDR Medical will seek FDA 510(k) approval for four of is products and hopes to begin investigational device exemption (IDE) clinical studies next year for its lumbar artificial disc, Mobidisc, and cervical artificial disc, Mobi-C.