Sonoma secures $12M to heal wrist, clavicle fractures
Sonoma Orthopedic, maker of a device used to mend wrist and clavicle fractures, has raised $12 million in a third round of funding to commercialize its first two products, reports VentureWire. Based in Santa Rosa, Calif., the company’s flagship offering is the WaviBody — a flexible device inserted directly into a fractured bone that then becomes rigid, setting the break in an anatomically accurate way.
Both wrist and clavicle fractures have proved problematic for doctors in the past — requiring unwieldy casts, braces or bone plates that don’t necessarily heal injuries quickly or correctly. The company is currently testing the WaviBody on 50 patients suffering from wrist fractures to see if they heal faster by using the device than they would otherwise.
The recent round of funding was led by Split Rock Partners and included Asset Management, EDF Ventures and MedVenture Associates. Sonoma has raised $25 million to date and says it has enough runway to last it through 2011.
Next Story: Med device maker Starion sells to Microline, bringing varying returns
Previous Story: Texting is so dreadfully simple — Smash wants to liven it up
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.