Deal Announcements

Archus Signs For $10 Million Venture Capital Debt

Tuesday, February 05, 2008 5:38:00 AM PDT | VentureDeal Staff

REDMOND, WA -- Medical device company Archus Orthopedics, Inc. has raised $10 million in new venture debt, according to a press release.

Archus is developing a family of reconstructive implants designed to treat a variety of spinal disorders and degeneration of joints.

GE Healthcare Financial Services provided the debt funding.  The company said it plans to use the proceeds to accelerate their growth and speed their clinical development process.

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