Spineology Raises $5 Million from Shanghai’s Hermed Capital

Published on: September 16, 2017
Author: Amy Liu

Spineology of St. Paul, Minnesota announced a $5 million investment from Hermed Capital, a Shanghai private equity fund. Spineology focuses on innovative medical devices that aid anatomy-conserving surgery™ techniques, especially those that allow less-invasive surgeries or shorten procedure lengths. Hermed made the investment via a convertible debenture. Spineology will use the proceeds for commercialization, product development, and clinical research.

Source: China Biotoday

Biotechnology Pharmaceutical