Medical device maker gets cash for growth.Triage triage Division of patients for priority of care, usually into three categories: those who will not survive even with treatment; those who will survive without treatment; and those whose survival depends on treatment. Medical Inc., an Irvine-based maker of pins and other devices for broken bones, has raised $10 million in a second round of venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends . Triage plans to use the money to market its products for bone fractures and reconstructive surgical uses. U.S. and European regulators have approved three of its products. The three-year-old company also plans to look for new surgical uses for the technology behind its products, dubbed Clasp (or compression locking anchor with secondary purchase). The technology is used in pins to press and pull together split bones. The funding allows Triage to expand "early, limited sales" here and abroad, said B. "Chip" Stevens, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Rock Creek Partners, a venture capital firm with offices in Jacksonville, Fla., and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , led the round. Other investors included Switzerland's HBM HBM Human Body Model HBM Human Brain Mapping HBM Hottinger Baldwin Messtechnik GmbH (German company) HBM High Bone Mass HBM Hybrid Bilayer Membrane HBM Humming Bird Medal HBM Her/His Britannic Majesty Bioventures, Frantz Medical Ventures of Mentor, Ohio, Japan Asia Investment Co. of Tokyo and MedFocus Fund LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Triage's product is Bone-Lok, which got U.S. regulatory approval in 2001. It comes in three varieties and is designed to give surgeons stronger devices with greater compression than existing ones, according to Triage. "The key to our technology is that it can be used in multiple platforms (within) orthopedics," Stevens said. Triage has started marketing its Clasp technology as part of new, less invasive hip and spine procedures. The company is also looking at developing uses for broken skulls and facial bones, as well as for hands and reattaching tendons and ligaments in sports medicine. |
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