Paradigm Spine Garners $75,000,000 New Financing

  • Feed Type
  • Date
    2/21/2014
  • Company Name
    Paradigm Spine
  • Mailing Address
    505 Park Avenue 14th Floor New York, NY 10022
  • Company Description
    Paradigm Spine is a provider of non-fusion spinal implant solutions that serve to address the unmet clinical needs of spine surgeons and their patients. Starting with the coflex interspinous implant technology Paradigm Spine develops a full non-fusion product portfolio of motion preserving, tissue sparing technologies.
  • Website
    http://www.paradigmspine.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $75,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    An initial $50 million was provided at the close of the transaction, with the remaining $25 million to be funded in two equal tranches upon achievement of specified milestones. Paradigm will use the proceeds to refinance its existing credit facility and primarily expand its domestic commercial operations.
  • M&A Terms
  • Venture Investor
    PDL BioPharma

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