Tyber Medical Closes Private Placement Funding Round
MORRISTOWN, N.J., Nov. 25, 2013 /PRNewswire/ -- Tyber Medical, LLC, a privately held medical device company focused on developing innovative spine and orthopaedic devices for private label opportunities and first to market with titanium plasma spray coated direct lateral implants for the spine, announces the closing of a successful initial funding round.
Tyber Medical, LLC, a market leader in titanium plasma spray coated interbody fusion devices, today announced it closed a private equity funding round for an undisclosed amount. The company will use the capital to acquire resources necessary to accelerate the market penetration of the TyPEEK interbody product portfolio, and develop additional products for the spine and orthopedic markets.
TyPEEK, proprietary titanium plasma sprayed interbody fusion devices, are specifically designed for situations where PEEK alone may not provide the best setting for fusion. TyPEEK is designed to offer the benefits of bone - titanium osseointegration along with the modulus and post op imaging characteristics of PEEK.
"This initial round of fundraising allows us to accelerate our domestic and international sales strategy, with continued development of future trauma and extremity products to complement our customers' existing product lines," commented Jeff Tyber, CEO and President of Tyber Medical.
About Tyber Medical:
Tyber Medical, LLC, Morristown, New Jersey, a private labeler Original Equipment Manufacturer (OEM), is creating new pathways to regulatory approved implants and instruments for orthopedic companies, large distributors, and hospital organizations. Tyber Medical designs and develops full class II orthopedic systems; verifies and validates those systems using a QSR and ISO 13485 certified quality system; and pursues and maintains both US (FDA 510k) and OUS (CE Mark) regulatory approvals. Current products include spinal interbody spacers featuring both standard sterile and non-sterile PEEK and TyPEEK™, a proprietary titanium plasma sprayed PEEK. For more information, please visit www.tybermedical.com.
Tyber Medical Interbody systems are made with PEEK-OPTIMA® from Invibio® Biomaterial Solutions.
89 Headquarters Plaza North, #1464
Morristown, New Jersey 07960
SOURCE Tyber Medical, LLC
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