Spinal Disc Repair Company Orthonics Gets Boost From VC
Published: May 03, 2004
Orthonics, Inc., an Atlanta start-up company developing new biomaterials for spinal disc repair and regeneration, has received initial funding from Viscogliosi Brothers, LLC, a New York-based closely held venture capital/private equity and merchant banking firm focused on the musculoskeletal/orthopedics industry. Terms of the funding were not disclosed. The funding provides the private-sector match for the company’s Phase II grant from VentureLab, a Georgia Research Alliance program that encourages commercialization of technologies developed in Georgia’s research universities. The funding will allow Orthonics to continue development of its spinal disc repair and regeneration technologies, which are based on research from the Georgia Institute of Technology.