Intellirod Spine of Akron has raised more than $1 million from a group of investors including Cincinnati’s Queen City Angel First Fund V and JumpStart Inc. of Cleveland.
The company has developed two sensor technologies designed to detect when spinal implant rods are bearing too much force: The LOADPRO, which senses when the rods are under strain during surgery, and ACCUVISTA, an implantable version designed to monitor strain following spinal fusion surgery.
Intellirod Spine is in the process of recruiting patients for LOADPRO clinical trials in Louisville, Ky., and Columbus, according to a news release from the company. It plans to add an additional site in Northeast Ohio soon. For that product, it is seeking 510(k) approval from the U.S. Food and Drug Administration as well as CE Mark approval from the European Union.
Read the full story at Crain’s Cleveland Business.