Avitus Orthopaedics raises $1M for company growth

Avitus Orthopaedics recently raised more than $1 million in capital to continue commercialization and company growth.

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The funds will partly be used to submit the company’s new Avitus Harvester for 510k clearance from the U.S. Food and Drug Administration and complete a pilot launch of the product. Avitus Harvester is a disposable manual surgical instrument that cuts and collects bone from the patient with a streamlined process.

The company gained part of the funds from the National Science Foundation, which gave it a Small Business Innovation Research Phase II Award amounting to $750,000.

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