Advertisements

Joint injury diagnostics business Trice Medical raises $19.3M following FDA device clearance

In a push to develop alternative imaging technologies, medtech companies have been developing mobile devices that are small enough to be used at the patient’s bedside or examining room with applications ranging from concussion detection to fetal exams.

Trice Medical, a Philadelphia area business, is one such company. Trice developed a needle equipped with a camera to give orthopedic physicians a better assessment of sports-related joint injuries and offer a cheaper alternative to MRIs.

Trice has raised $19.3 million in a Series C round with the goal to ramp up its sales and commercialization efforts after securing 510 (k) clearance for the mi-eye2 device in the final quarter of 2016, according to a company news release.

UK-based Smith & Nephew took a minority stake in the business and is one of a group of investors that includes Safeguard Scientifics, HealthQuest Capital, BioStar Ventures, and others.

The mi-eye2 device from Trice Medical, which won MedCity’s Best of INVEST award in the diagnostic category last year, uses a disposable optical needle with a fully integrated camera. The device produces images that can be viewed on a handheld tablet and designed to replace the use of MRI in taking these images and assessing the scope of injuries.

By Stephanie Baum | MedCity News

Image Credit: Trice Medical

READ MORE

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Materialise Medical Blog

behind the scenes of 3D printing

CB Insights - Blog

Discovering, compiling and sharing orthopedic and medical technology news on a daily basis.

My Knee Your Knee

Knee Replacement Surgery on a Knee Replacement Surgeon

TEDMED Blog

Discovering, compiling and sharing orthopedic and medical technology news on a daily basis.

KevinMD.com

Discovering, compiling and sharing orthopedic and medical technology news on a daily basis.

Page Array – Rock Health

Discovering, compiling and sharing orthopedic and medical technology news on a daily basis.

mobihealthnews

mobihealthnews - the daily mHealth industry monitor. Subscribe for our free weekly e-newsletter!

TechCrunch

Startup and Technology News

Sports Medicine Weekly

Brought to You by Dr. Brian Cole & Steve Kashul

OrthoBuzz

Keeping you up-to-date with orthopaedic news

%d bloggers like this: