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Spinal Devices Co. Lanx Raises $8.7 Million


10/16/2012 9:20:06 AM

A Broomfield, Colorado medical device company that makes a number of spinal fusion devices has raises $8.7 million in its quest to garner $15.1 million, according to a regulatory filing. Lanx Inc. makes a number of spinal fusion products including the ASPEN MIS Fusion System, a minimally invasive option to pedicle screws in spinal implant procedures. A study of 85 patients who underwent lumbar fusion was found to have achieved the proper posterior or interbody fusion in 94 percent of patients. There was also a statistically significant improvement in pain reduction using the ASPEN system. Aside from it being clinically effective, it was also cheaper for hospitals. A prospective study of 55 patients who underwent lumbar fusion using either the ASPEN system or traditional pedicle screws found that patients who used Lanx’s device had shorter hospital stays (28 days) compared with those who received pedicle screws (66 days)

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