4WEB Medical, a Dallas, TX-based orthopedic device company, closed a round of financing of undisclosed amount.
SWK Holdings Corporation provided the financial resources.
The company will use the funds to accelerate growth over the next five years with investments in product development, procedural based solutions and clinical research.
Founded in 2008 by Jessee Hunt, CEO, 4WEB Medical focuses on developing innovative implants utilizing its proprietary Truss Implant TechnologyTM, which utilizes mechanobiology to actively participate in the healing process. Under load, the implants deliver strain to adjacent cellular material, stimulating osteogenic activity.
The 4WEB Medical product portfolio includes Cervical, Anterior, Posterior and Lateral Spine Truss Systems, as well as the Osteotomy Truss System and custom implant services for extremity, tumor and trauma procedures.
The company received 510K clearance to market a spine interbody fusion device manufactured with 3D printing technology.
Since that time, over 40,000 of its devices have been implanted globally.