Akron, Ohio-based Intellirod Spine was awarded $1.6 million in debt financing from Ohio Third Frontier's Commercial Acceleration Loan Fund. The loan will allow Intellirod Spine to pursue CE Mark and FDA approvals for its Intellirod Sensor and other lumbar fusion implants. The company is also looking to add a companion pedicle screw system and bring on more staff members.
The company also recently raised $1.1 million in equity capital.
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