Corporation meeting with doable investors and strategics to finalize $ten million Series A funding round
DANA POINT, Calif., March 16, 2023 (GLOBE NEWSWIRE) — Caira Surgical, the pioneer in radar surgical tracking for navigated and robotic joint replacement surgery, announced these days that Jon Greenwald, Chief Executive Officer, will present at the fourth annual Life Science Intelligence (LSI) USA ’23 Emerging Medtech Summit on March 22, 2023, at 11:30 a.m. PT (Track 1) in Dana Point, California.
The presentation will highlight Caira’s mission to make sophisticated orthopedic technologies a lot a lot more accessible to surgeons, folks, ambulatory surgery centers (ASCs) and hospitals worldwide by eliminating the adoption barriers inherent in existing technologies with the objective of disrupting the $13 billion joint replacement marketplace with Caira’s superior, proprietary technologies. The organization will also introduce investors and strategics to its pretty very first answer – the Caira Radar Navigation Plan for Total Knee Replacement (TKR). TKR is the greatest joint replacement segment by procedural volume, as appropriately as the segment with the highest price tag of patient dissatisfaction and the highest revision burden.
The Caira TKA Radar Navigation Plan is the pretty very first sub-millimeter appropriate radar tracking system for orthopedic surgery and provides significant improvements a lot more than the greater-price tag, substantial-footprint and invasive surgical hardware presented by incumbent surgical navigation and robotic systems. Applying sophisticated radar surgical tracking and fast landmark registration, the Caira system seamlessly integrates into surgeons’ workflow, enhancing accuracy, efficiency and repeatability while simultaneously decreasing price tag, complexity and lots of of the dangers connected with legacy technologies.
“Orthopedic surgeons will need to have sophisticated technologies that are aligned with the price tag, efficiency and patient outcome desires of the rapidly expanding international joint replacement marketplace,” described Caira Co-Founder Morteza Meftah, M.D., Associate Professor of Orthopaedic Surgery at NYU Langone Healthcare Center and President of the International Society for Technologies in Arthroplasty. “I believe the Caira TKA Radar Navigation Plan will completely alter the paradigm of navigation and robotics in arthroplasty – supplying a higher option for surgeons, hospitals, and ASCs worldwide while also enhancing patient outcomes.”
By supplying a minimally invasive and price tag-powerful answer, Caira Surgical’s technologies is a meaningful improvement to help overcome the obstacles that have prevented the broad marketplace adoption of incumbent robotic and navigation systems. Presently, these sophisticated technologies are only applied in drastically significantly less than 20% of TKA procedures due to their inherent disadvantages like the pricey capital gear and per-surgery disposables, difficult workflows and enhanced method occasions, added incisions and invasive surgical hardware that can enhance post-operative discomfort and complications.
“The Caira TKA Radar Navigation Plan addresses just about every single of these shortcomings to truly revolutionize orthopedic surgery,” described Caira Surgical Chief Executive Officer Jon Greenwald. “It was developed to address the frustrations we’ve been hearing from surgeons, hospitals and ASCs due to the truth surgical navigation and robotic technologies have been pretty very first introduced in the 1990s, like workflow, complexity, invasiveness and price tag.”
Caira Surgical is at the moment raising a $ten million Series A Funding Round. Series A funding will be applied to drive continued answer improvement and R&D and help a restricted industrial release of the Caira TKA Radar Navigation Plan in 2024. These attending the Emerging Medtech Summit who are interested in scheduling a 1 specific-on-1 specific meeting with Caira Surgical senior leadership can do so by emailing ir@cairasurgical.com.
LSI USA ’23 is the organization-main medtech investment and partnering occasion featuring a lot a lot more than 250 innovators presenting to a lot a lot more than 1,000 major rated investors and strategics. The occasion will take spot March 20 – 23, 2023 at the Waldorf Astoria Monarch Beach Resort & Club in Dana Point, Calif. Caira Surgical will present as portion of Track 1 on Wednesday, March 22 from 11:30 – 11:39 a.m. PT. For a lot a lot more information, verify out https://www.lifesciencemarketresearch.com/medtech-summit-2023.
About Caira Surgical
Caira is revolutionizing the usability, economics, safety, and accessibility of sophisticated surgical navigation and robotics for orthopedic surgery. The company’s pretty very first answer is a navigation system for total knee replacement. Employing Caira’s sophisticated, proprietary sub-millimeter appropriate Radar Surgical Tracking technologies, Caira Surgical Navigation eliminates line-of-sight interference, invasive surgical instruments, and a quantity of incisions inherent in existing surgical tracking systems. Caira’s technologies enables a simple workflow and significantly reduces the price tag and complexity of utilizing sophisticated technologies in joint replacement surgery. The organization focuses on building technologies that overcomes adoption barriers to make sophisticated technologies a lot a lot more accessible to surgeons, folks, hospitals, and ambulatory surgery centers (ASCs) worldwide. For a lot a lot more information, please verify out cairasurgical.com.
