Back pain treatment co Spine21 Ltd. has raised $222,000 in the form of a loan from its current investors. The loan is for one year at an interest rate of 8%.
Spine21 develops implants for the spine, which alleviate leg and lumbar pains. Known as the Bionic Spacer system, the implant includes a miniature electromechanical system that can control the gap between vertebrae, thereby neutralizing the source of the pain. Using RF (Radio Frequency) control, the surgeon will have the ability to activate a miniature electro-mechanic mechanism in order to increase or decrease the spacer’s size.
