Formus Labs wins clearance for AI-powered ortho surgery planning

Formus Labs today announced FDA clearance of its Formus Hip automated radiological image processing software for hip replacement pre-op planning.

The New Zealand–founded company described the clearance as the last hurdle it needed to overcome to start making Formus Hip widely available in the United States.

According to Formus Labs, its software saves time for orthopedic surgeons so that they can consistently preoperatively plan for every case. Formus’ software combines AI and computational biomechanics to provides highly accurate outputs from scan to plan in under an hour.

“Today is a huge milestone in our journey to bring cutting-edge, pre-op surgery planning tools to surgeons, not only to make their work easier and more efficient, but also has the potential to improve the outcomes for their patients,” Dr. Ju Zhang, founder and CEO of Formus Labs, said in a news release.

“FDA clearance serves as significant validation of the accuracy and r…

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Formus Labs partners with Zimmer Biomet on distribution after $5M moneyraise

[Image from Formus Labs]Formus Labs announced today that it raised $5 million and will partner with Zimmer Biomet on commercialization in Australia and New Zealand.

Auckland, New Zealand-based Formus Labs followed the $5 million fundraising with the public launch of its orthopedic surgery planning solution for providing surgeons with insight into the pre-operation planning process, according to a news release.

VC firm GD1 led the investment, with Punakaiki Fund, Icehouse Ventures, Pacific Channel and Flying Kiwis also participating. Formus said it plans to use the funds to accelerate product development and its expansion into the U.S.

The partnership with Zimmer Biomet will see the co-development and commercialization of the Formus Hip in Australia and New Zealand as well as the investigation of international markets for global expansion.

Formus designed its platform to fully automate the joint replacement planning process, using AI and biomechanics …

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