Spinal Stabilization Technologies raised $11.16 million in new financing, according to a Securities and Exchange Commission filing.
Here are three things to know:
1. Spinal Stabilization Technologies develops a minimally invasive lumbar spine disc nucleus replacement for degenerative disc disease.
2. Spine surgeons can use the PerQdisc Nucleus Replacement System to access the internal anatomy of a lumbar disc, remove the damaged nucleus pulposus and replace it with a long-term implant to bear the weight and forces of the lumbar disc.
3. The MIS procedure is designed to take approximately one hour to perform.
4. The company has offices in San Antonio and Dublin, Ireland.