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Lower Back Pain Treatment Company Zyga Technology Raises $10M


Posted in Medical Venture Capital by Arundhati Parmar on December 16, 2013

Zyga Technology, which has is developing minimally invasive procedures to treat low back pain, is expecting CE Mark for one of its products soon.  


 The SImmetry Sacroiliac Joint Fusion Procedure From Zyga Technology

 

 

Zyga Technology, which has developed a minimally invasive procedure to treat chronic low back pain, has raised $10 million, according to a regulatory filing.

 

Zyga's CEO Jim Bullock explained in an email that this is part of $25 million Series C round the company announced in May 2012. That round was led by new investor Versant Ventures, while existing investors Split Rock Partners, Domain Associates and MB Venture Partners also participated.

The company markets the SImmetry Sacroiliac Joint Fusion System, which treats sacroiliac joint dysfunction that causes lower back pain and hip pain related to the SI joints. The FDA cleared the product for use in 2011.

Now, the company is developing a new product. Earlier this year, Zyga announced that it had completed enrollment in the Glissade trial that will test its Glyder Facet Resurfacing System in treating chronic facetogenic pain.

 "For patients suffering from chronic facet pain, there has never been a viable procedure providing long term relief,” said Prof. Dr. Hans Jörg Meisel, Director of the Center of Neurosciences of the BG-Clinic Bergmannstrost Halle, Germany, in the announcement. “Their options were to receive injections several times each year or to undergo a more aggressive, permanent spine fusion procedure. The Glyder System offers simple, minimally invasive implantation of a device designed to preserve the patient’s anatomy and to provide long-term pain relief."

The news release from January noted that the company expects to get CE Mark on the product by the end of 2013. Bullock explained that he expects European approval to come in the "next month or so."

 The company also will be running a feasibility trial in the U.S. soon. 

 

-- By Arundhati Parmar, Senior Editor, MD+DI
arundhati.parmar@ubm.com

 


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