Firm assembly with potential buyers and strategics to finalize $10 million Sequence A funding spherical
DANA POINT, Calif., March 16, 2023 (GLOBE NEWSWIRE) — Caira Surgical, the pioneer in radar surgical monitoring for navigated and robotic joint substitute surgical procedure, introduced right this moment that Jon Greenwald, Chief Government Officer, will current on the fourth annual Life Science Intelligence (LSI) USA ’23 Rising Medtech Summit on March 22, 2023, at 11:30 a.m. PT (Monitor 1) in Dana Level, California.
The presentation will spotlight Caira’s mission to make superior orthopedic applied sciences extra accessible to surgeons, sufferers, ambulatory surgical procedure facilities (ASCs) and hospitals worldwide by eliminating the adoption obstacles inherent in present expertise with the purpose of disrupting the $13 billion joint substitute market with Caira’s superior, proprietary expertise. The corporate may even introduce buyers and strategics to its first product – the Caira Radar Navigation System for Whole Knee Substitute (TKR). TKR is the most important joint substitute phase by procedural quantity, in addition to the phase with the best price of affected person dissatisfaction and the best revision burden.
The Caira TKA Radar Navigation System is the primary sub-millimeter correct radar monitoring system for orthopedic surgical procedure and provides vital enhancements over the high-cost, large-footprint and invasive surgical {hardware} supplied by incumbent surgical navigation and robotic methods. Utilizing superior radar surgical monitoring and quick landmark registration, the Caira system seamlessly integrates into surgeons’ workflow, bettering accuracy, effectivity and repeatability whereas concurrently reducing price, complexity and most of the dangers related to legacy applied sciences.
“Orthopedic surgeons want superior applied sciences which might be aligned with the fee, effectivity and affected person final result wants of the quickly rising international joint substitute market,” mentioned Caira Co-Founder Morteza Meftah, M.D., Affiliate Professor of Orthopaedic Surgical procedure at NYU Langone Medical Heart and President of the Worldwide Society for Expertise in Arthroplasty. “I imagine the Caira TKA Radar Navigation System will fully change the paradigm of navigation and robotics in arthroplasty – offering a greater possibility for surgeons, hospitals, and ASCs worldwide whereas additionally bettering affected person outcomes.”
By offering a minimally invasive and cost-efficient resolution, Caira Surgical’s expertise is a significant enchancment to assist overcome the obstacles which have prevented the broad market adoption of incumbent robotic and navigation methods. Presently, these superior applied sciences are solely utilized in lower than 20% of TKA procedures attributable to their inherent disadvantages together with the costly capital tools and per-surgery disposables, complicated workflows and elevated process instances, extra incisions and invasive surgical {hardware} that may enhance post-operative ache and problems.
“The Caira TKA Radar Navigation System addresses every of those shortcomings to really revolutionize orthopedic surgical procedure,” mentioned Caira Surgical Chief Government Officer Jon Greenwald. “It was developed to handle the frustrations we’ve been listening to from surgeons, hospitals and ASCs since surgical navigation and robotic applied sciences had been first launched within the Nineties, together with workflow, complexity, invasiveness and price.”
Caira Surgical is at the moment elevating a $10 million Sequence A Funding Spherical. Sequence A funding might be used to drive continued product improvement and R&D and assist a restricted business launch of the Caira TKA Radar Navigation System in 2024. These attending the Rising Medtech Summit who’re fascinated about scheduling a one-on-one assembly with Caira Surgical senior management can achieve this by emailing ir@cairasurgical.com.
LSI USA ’23 is the industry-leading medtech funding and partnering occasion that includes greater than 250 innovators presenting to greater than 1,000 high buyers and strategics. The occasion will happen March 20 – 23, 2023 on the Waldorf Astoria Monarch Seaside Resort & Membership in Dana Level, Calif. Caira Surgical will current as a part of Monitor 1 on Wednesday, March 22 from 11:30 – 11:39 a.m. PT. For extra data, go to https://www.lifesciencemarketresearch.com/medtech-summit-2023.
About Caira Surgical
Caira is revolutionizing the usability, economics, security, and accessibility of superior surgical navigation and robotics for orthopedic surgical procedure. The corporate’s first product is a navigation system for whole knee substitute. Using Caira’s superior, proprietary sub-millimeter correct Radar Surgical Monitoring expertise, Caira Surgical Navigation eliminates line-of-sight interference, invasive surgical devices, and a number of incisions inherent in present surgical monitoring methods. Caira’s expertise permits a easy workflow and considerably reduces the fee and complexity of using superior expertise in joint substitute surgical procedure. The corporate focuses on constructing expertise that overcomes adoption obstacles to make superior expertise extra accessible to surgeons, sufferers, hospitals, and ambulatory surgical procedure facilities (ASCs) worldwide. For extra data, please go to cairasurgical.com.
