CLEVELAND OH Neurodevice firm Checkpoint Surgical completed a $1 7 million Series B investment round led by the NDI Healthcare Fund in December , and secured non-dilutive funding of over $1 3 million including a $1 065 million Innovation Ohio loan and a 245,000 federal grant
Checkpoint Surgical was founded in 2009 in Cleveland Ohio In , the company launched its flagship product the CHECKPOINT Stimulator/Locator the first in a line of neuroprotective surgical devices The CHECKPOINT Stimulator/Locator is a state-of-the-art hand-held intraoperative nerve and muscle stimulator that helps surgeons to locate identify and evaluate nerves during surgery to facilitate nerve preservation and repair
Over the past year the CHECKPOINT has demonstrated market acceptance and is used in a wide range of nerve repair ENT orthopaedic plastic reconstructive and oncological surgical procedures at many of the nation’s premier hospitals said Len Cosentino CEO and president of Checkpoint Surgical We’ve enjoyed consistent quarterly sales growth since launching the CHECKPOINT and more than % growth in 2011 over 2010 ”
Checkpoint Surgical is using the funding to support its sales and marketing efforts and new product development The company distributes its products in the U S through a combination of direct sales and distributors
About Checkpoint Surgical
Founded in , Checkpoint Surgical’s mission is to provide surgeons with state-of-the-art neurodevices to preserve nerves and evaluate nerve and muscle excitability in surgical procedures for better patient outcomes In , Checkpoint Surgical launched the CHECKPOINT Stimulator/Locator as its flagship product in a line of proprietary neuromuscular surgical devices For more information visit a href=”http://www checkpointsurgical com target=”_blank”>www checkpointsurgical com
