Enterprise meeting with possible 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 now 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 extra accessible to surgeons, sufferers, ambulatory surgery centers (ASCs) and hospitals worldwide by eliminating the adoption barriers inherent in current technologies with the aim of disrupting the $13 billion joint replacement marketplace with Caira’s superior, proprietary technologies. The firm will also introduce investors and strategics to its very first solution – the Caira Radar Navigation Method for Total Knee Replacement (TKR). TKR is the biggest joint replacement segment by procedural volume, as effectively as the segment with the highest price of patient dissatisfaction and the highest revision burden.
The Caira TKA Radar Navigation Method is the very first sub-millimeter precise radar tracking method for orthopedic surgery and gives substantial improvements more than the higher-expense, huge-footprint and invasive surgical hardware provided by incumbent surgical navigation and robotic systems. Applying sophisticated radar surgical tracking and quickly landmark registration, the Caira method seamlessly integrates into surgeons’ workflow, enhancing accuracy, efficiency and repeatability although simultaneously decreasing expense, complexity and several of the dangers connected with legacy technologies.
“Orthopedic surgeons want sophisticated technologies that are aligned with the expense, efficiency and patient outcome wants of the quickly developing worldwide joint replacement marketplace,” stated Caira Co-Founder Morteza Meftah, M.D., Associate Professor of Orthopaedic Surgery at NYU Langone Health-related Center and President of the International Society for Technologies in Arthroplasty. “I think the Caira TKA Radar Navigation Method will fully modify the paradigm of navigation and robotics in arthroplasty – offering a superior selection for surgeons, hospitals, and ASCs worldwide although also enhancing patient outcomes.”
By offering a minimally invasive and expense-effective option, Caira Surgical’s technologies is a meaningful improvement to assist overcome the obstacles that have prevented the broad marketplace adoption of incumbent robotic and navigation systems. At present, these sophisticated technologies are only made use of in much less than 20% of TKA procedures due to their inherent disadvantages like the high priced capital gear and per-surgery disposables, complicated workflows and enhanced process occasions, more incisions and invasive surgical hardware that can boost post-operative discomfort and complications.
“The Caira TKA Radar Navigation Method addresses every single of these shortcomings to definitely revolutionize orthopedic surgery,” stated Caira Surgical Chief Executive Officer Jon Greenwald. “It was created to address the frustrations we’ve been hearing from surgeons, hospitals and ASCs because surgical navigation and robotic technologies have been very first introduced in the 1990s, like workflow, complexity, invasiveness and expense.”
Caira Surgical is at the moment raising a $ten million Series A Funding Round. Series A funding will be made use of to drive continued solution improvement and R&D and help a restricted industrial release of the Caira TKA Radar Navigation Method in 2024. These attending the Emerging Medtech Summit who are interested in scheduling a 1-on-1 meeting with Caira Surgical senior leadership can do so by emailing ir@cairasurgical.com.
LSI USA ’23 is the market-major medtech investment and partnering occasion featuring extra than 250 innovators presenting to extra than 1,000 major 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 component of Track 1 on Wednesday, March 22 from 11:30 – 11:39 a.m. PT. For extra data, go to https://www.lifesciencemarketresearch.com/medtech-summit-2023.
About Caira Surgical
Caira is revolutionizing the usability, economics, security, and accessibility of sophisticated surgical navigation and robotics for orthopedic surgery. The company’s very first solution is a navigation method for total knee replacement. Employing Caira’s sophisticated, proprietary sub-millimeter precise Radar Surgical Tracking technologies, Caira Surgical Navigation eliminates line-of-sight interference, invasive surgical instruments, and various incisions inherent in current surgical tracking systems. Caira’s technologies enables a basic workflow and considerably reduces the expense and complexity of using sophisticated technologies in joint replacement surgery. The firm focuses on constructing technologies that overcomes adoption barriers to make sophisticated technologies extra accessible to surgeons, sufferers, hospitals, and ambulatory surgery centers (ASCs) worldwide. For extra data, please go to cairasurgical.com.
