Solenic Medical Inc. is a biotechnology and health care startup founded in 2019 in the United States. The company is focused on developing an innovative non-invasive treatment for infected metallic implants in the body. Leveraging technology invented at the University of Texas Southwestern, Solenic is using alternating magnetic fields (AMF) generated by external coils to eradicate biofilm on the surface of medical implants. This groundbreaking non-invasive treatment addresses a major complication of various surgeries such as knee and hip replacements, as well as trauma-related implants like plates and rods. Given the aging population and the rapid increase in the number of these procedures being performed every year, the timing for this technology is particularly crucial. The company's last investment came in the form of a Non Equity Assistance investment which took place on 29 May 2024, with MedTech Innovator participating as the investor. Solenic Medical's innovative approach to addressing medical implant infections positions it as a promising player in the evolving landscape of medical technology.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Non Equity Assistance | Unknown | 1 | 29 May 2024 | |
Debt Financing | $5.40M | - | 02 Feb 2024 | |
Series A | $5.10M | 3 | Johnson & Johnson Innovation – JJDC | 20 Jun 2023 |
Grant | $2.00K | 1 | 20 May 2021 | |
Non Equity Assistance | Unknown | 1 | 21 Oct 2020 |
No recent news or press coverage available for Solenic Medical Inc..