MedShape, Inc., the industry leader in shape memory orthopedic devices, today announced the closing of $11 million in new financing. The investment will help drive further development and commercialization of pipeline products, including the full market release of the Eclipse Soft Tissue Anchor, MedShape's newest shape memory fixation device for soft tissue repair.
"This latest round of financing represents another significant milestone as MedShape continues its growth in the joint fusion and soft tissue repair segments," said Kurt Jacobus, CEO of MedShape. "The launch of Eclipse indicates the company's continued dedication towards advancing orthopedics by developing innovative devices using shape memory technology."
Made out of MedShape's proprietary PEEK (polyether ether ketone) Altera®, Eclipse features a non-rotational deployment technique that allows surgeons to better replicate native soft tissue anatomy and functionality. The two-part sheath-and-bullet design provides a simplified insertion and improved fixation strength compared to traditional tenodesis screws. Available in 4-9 mm diameters and 10-20 mm lengths, Eclipse accommodates numerous anatomies in tenodesis and tendon transfer procedures. PEEK Altera is biocompatible, biostable, radiolucent and MRI safe.