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Vertos Medical’s $23 Million Series E Highlights Minimally Invasive Trend In Spine Surgery

A $23 million Series E financing round that closed in June will allow Vertos Medical Inc. to further expand commercialization of its minimally invasive mild procedure for patients with lumbar spinal stenosis.

A Series E financing round in the amount of $23 million that closed June 17 will allow Vertos Medical Inc. to further expand commercialization of its minimally invasive mild procedure for patients with lumbar spinal stenosis. [See Deal] The outpatient mild procedure is performed under fluoroscopy and removes excessive ligament tissue (hypertrophic ligamentum flavum) between the vertebrae that causes pain and reduced mobility. Once the tissue is removed, space in the spinal canal is restored and thus reduces nerve compression.

The new capital adds to the previously raised $42 million by the Aliso Viejo, CA-based company, bringing the total raised to date to $65 million.

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