New Zealand orthopedic surgery planning startup raises $5M and partners with Zimmer Biomet for global distribution
MedCity News February 3, 2022
Formus Labs is expecting to get the regulatory nod from the FDA to be able to sell its fully-automated 3D planning technology for joint replacement surgeries in the second quarter and has partnered with orthopedic surgery heavyweight for a global distribution program.
A New Zealand startup that makes fully automated 3D orthopedic surgery planning software announced Wednesday that it has raised $5 million and struck a partnership with Zimmer Biomet for co-development and global distribution of its technology.
Formus Labs, which bills itself as the world’s first world’s “first automated 3D planner for joint replacement surgeries” received the investment from lead investor GD1 (Global from Day 1), and others including Punakaiki Fund, Icehouse Ventures, Pacific Channel, and Flying Kiwis.The company...