California device start-up treating vertebral compression fractures raises $14 million

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A Santa Rosa, California start-up making products to treat vertebral compression fractures announced Thursday  that it has raised $14 million in a new financing round.

The private investor who led the round in Osseon Therapeutics was not identified. The money will be used to expand the company’s line of VCF products.

In October, Osseon received FDA clearance for its steerable inflatable bone tamp. The company also makes bone cement, among other products.

Ron Clough is the CEO of the company.

“This infusion of capital will allow us to continue to develop our patented Orthopedic products and will propel us to the next level of commercial success,” said Clough, in a news release.

[Photo Credit: Pile of Money from Big Stock Photo]

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Arundhati Parmar

By Arundhati Parmar

Arundhati Parmar is the Medical Devices Reporter at MedCity News. She has covered medical technology since 2008 and specialized in business journalism since 2001. Parmar has three degrees from three continents - a Bachelor of Arts in English from Jadavpur University, Kolkata, India; a Masters in English Literature from the University of Sydney, Australia and a Masters in Journalism from Northwestern University in Chicago. She has sworn never to enter a classroom again.
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