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THINK Surgical’s TSolution system can automate the bone preparation course of for knee surgical procedures. | Source: THINK Surgical
THINK Surgical, a developer of lively robotics for knee substitute surgical procedures, introduced that it introduced in a $100 million funding from KDB Investment Global Healthcare of Korea, a brand new investor within the firm.
The firm plans to make use of the funding to convey new merchandise to market that can provide a typical planning answer that can work throughout a number of robotic platforms and a alternative of implants from totally different producers.
Many present surgical robotic programs are closed programs that require surgeons to choose from a single producer’s implants. THINK Surgical desires to make it potential for surgeons to choose implants from many producers, to allow them to give attention to which implant can be finest for every particular person affected person.
“We are extremely excited to strengthen our financial position to support successful new product commercialization through this financing round,” Stuart Simpson, president and chief government officer of THINK Surgical, mentioned. “KDB Investment is a highly sophisticated and respected professional investment firm, and their investment will help us expand our brand and presence in the industry. We greatly appreciate their confidence in THINK Surgical as an investment opportunity.”
THINK Surgical present product providing, the TSolution One Total Knee Application, can absolutely automate bone preparation for knee surgical procedures. The system is made up of the TPLAN 3D Planning Workstation, a pc system for preoperative planning, and the TCAT Computer-Assisted Tool, a software that takes TPLAN’s preoperative plan and prepares the bone cavity and joint floor.
When performing operations with TSolution, surgeons will use TPLAN to design a joint substitute process that works with the affected person’s particular anatomy. Then, TCAT prepares the bone with sub-millimeter dimensional accuracy. This permits the surgeons to raised and place and align the implant based on their plan.
KDB Investment is a personal fairness agency wholly owned by Korea Development Bank that focuses on selling and advancing the pursuits of firms by offering monetary help.
“We are very impressed with the technology portfolio that THINK Surgical has developed and is planning to commercialize. We very much look forward to several planned product launches over the coming years,” DH Lee, chief government officer of KDB Investment, mentioned. “THINK is well positioned to successfully launch their robotic technology with a differentiated business model that provides their customers with better value propositions, and KDB Investment has great confidence in the leadership of THINK, primarily in CEO Stuart Simpson, given Stuart’s deep experience in the orthopedic surgical robot business.”