ApiFix Closes Series B Financing

apifixApiFix Ltd., a Misgav, Israel- and Boston, MA-based medical device company, completed its undisclosed Series B equity financing.

A new US-based investor led the round with participation from existing shareholders.

The company us preparing for US commercial launch of its MID-C System for young scoliosis patients.

Founded in 2011 and led Paul Mraz, CEO, and Yizhar Floman MD, Chief Medical Officer, ApiFix is a motion-preservation scoliosis correction company developing Minimally Invasive Deformity Correction (MID-C) system, a posterior dynamic deformity correction system that enables surgeons to perform a unique treatment providing permanent curve correction while retaining spine flexibility, all via a minimally invasive surgical approach.
The MID-C system acts as an “internal brace” with a patented unidirectional, self-adjusting rod mechanism and motion-preserving polyaxial joints, allowing additional post-operative correction over time and is removable.

It has CE Mark approval and is available in Europe, Israel, Singapore and Canada.

ApiFix is a portfolio company of The Trendlines Group Ltd. (SGX: 42T; OTCQX: TRNLY).



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