Amedica Corp., a Salt Lake City, Utah-based manufacturer of spinal and reconstructive implants, has completed a $30m senior secured subordinated convertible notes financing.
The company intends to use the funding for development and distribution of its ceramic materials in the orthopedic, spine and dental markets, as well as for payments on debt arising from the US spine acquisition, working capital and other corporate purposes.
To date, Amedica has raised approximately $140m.
Founded in 1996 and led by President and CEO Eric Olson, the company manufactures and distributes spine and orthopaedic implants and devices.
Amedica is ISO 13485 certified, its spine products are FDA cleared, CE marked, and are sold in ten countries.