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.
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.