Funding Details
- Awarder
- StartEngine
- Date Award
- June 13, 2024
- Vertical
- Healthcare
- Funding URL
- View Funding Page
- Premoney Valuation
-
$1,000,000
- Valuation
-
$18,180,000
Company Info
- Founding Year
- Not provided
- Traction
- CytexOrtho has won numerous state and federal grants recognizing the novelty of their research and products’ enormous potential to transform joint care. The co-founders of CytexOrtho recently won the Kappa Delta Elizabeth Winston Lanier award from the American Academy of Orthopaedic Surgeons (AAOS).
- Organizations Involved
- None
- Founders
- Bradley Estes, Franklin Moutos, Farshid Guilak
- Company Description
- CytexOrtho is a healthcare startup that is developing technology and solutions for younger patients with hip pain to address early joint degeneration. The company’s lead product is a cutting-edge biodegradable medical implant that restores joint cartilage and bone instead of replacing it with artificial materials found in a total joint replacement. While this product is not yet commercially available, CytexOrtho is currently preparing for an FDA IDE submission to begin clinical trials for it and expects to begin these trials in 2023.
- Market
- Orthopedics
- Location
-
Durham,
NC,
US
- Coinvestors
- None
Links