Follow the Money to Medical Devices & Diagnostics
Spotlight on AxioMed LLC

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Follow the Money to Medical Device & Diagnostic Opportunities highlights a newly funded medical device or diagnostic company. This includes important insights into the featured company’s product pipeline, manufacturing and business relationships, and likely sourcing opportunities.

AxioMed is a US private company that focuses on products to address spinal function in patients with degenerative spine disease. It raised $10 million in the completion of a venture capital investment as reported in the PharmSource Lead Sheet on October 12, 2017.

Corporate Highlights

  • AxioMed was founded in 2001
  • Corporate Headquarters: Malden, MA

Sourcing Opportunities

  • AxioMed plans to use the proceeds to support IDE clinical trials and commercialization efforts for its Freedom cervical disc:

Device: Freedom cervical discTM
Development Phase: Pivotal studies
Medical Specialty: Orthopedics/Rehabilitation/ Physical medicine
Purpose: Device – Therapeutic/Interventional
Type: Implant – Prosthesis
Description: Spinal disc replacement prosthesis that is designed to restore function to the spine and to reduce pain and disability.

Previous Financings:

  • January 2017: $1 million in a private equity placement
  • May 2014: $1.1 million in a venture capital investment
  • January 2013: $3.6 million in a venture capital investment

Medical Device & Diagnostics Pipeline1

Product Candidate Indication Medical Specialty Purpose Type Status
Versius surgical robotic system Degenerative spine disease/Pain Orthopedics/Rehabilitation/Physical medicine Device – Therapeutic/
Interventional
Implant – Prosthesis Pivotal studies

1Source: PharmSource Lead Sheet

Contact Information

AxioMed LLC. Key Officers
350 Main Street Jake Lubinski, President
Malden, MA 02148 USA Hank Juske, Manager, QA
Phone: 1 (0)978 232 3991 Kari Zimmers, SVP, R&D
Web: http://axiomed.com/ Ed Barber, VP, Product Development & Manufacturing

 

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Scotty is a Research Analyst at PharmSource. He holds a BS degree in Biology from George Mason University and an MPH degree from Eastern Virginia Medical School. He’s experienced in data collection, analysis and management, and has done laboratory analysis and safety program development.

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