Spine fusion company PainTEQ raises $35M

PainTEQ announced today that it raised $35 million in non-dilutive growth capital backed by its intellectual property (IP) portfolio.

A lending vehicle managed by MVolution Partners (MVP) led the IP-backed debt financing. PainTEQ plans to use proceeds to expand the commercialization of its LinQ implantable sacroiliac (SI) joint stabilization system. Additionally, the company wants to put funds toward R&D efforts to advance care for SI joint pain and dysfunction.

Tampa, Florida-based PainTEQ designed LinQ as a safe, minimally invasive option to treat SI joint dysfunction. Without any drilling, the single LinQ implant with a large graft window goes into the SI joint. It promotes stabilization and creates an ideal environment for long-term fusion.

With a minimally invasive outpatient procedure, LinQ provides immediate clinical benefits for those with incapacitating lower back pain.

The company reports positive outcomes for patients backed by clin…

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