MALVERN, Pa., Oct. 20, 2022 (GLOBE NEWSWIRE) — Toetal Options, Inc., a foot and ankle medical system firm, introduced it had closed $1,800,000 in further financing from Runway Healthcare, LP, with participation from Runway Healthcare buyers. Toetal Options plans to make use of the proceeds to finalize product improvement and acquire regulatory clearance for its flagship product, the Ziptoe™ Hammertoe System.
The Ziptoe Hammertoe System permits foot and ankle surgeons to handle inflexible hammertoe deformities with a easy, easy-to-use implant. “The system has been thoughtfully designed with surgeon enter to handle the frequent pitfalls of the units obtainable to surgeons as we speak. The Ziptoe implant is straightforward to make use of and offers an extremely secure fusion from the second it’s deployed. Moreover, it permits surgeons to handle the MTPJ if mandatory, addressing the Toetal Pathology with a Toetal Resolution,” acknowledged Nick Romansky, DPM. The Ziptoe system features a proprietary deployable nitinol implant that comes sterile full of all mandatory disposable instrumentation to carry out the process in any surgical setting effectively and successfully.
“This financing ought to allow our crew to finalize the event of the Ziptoe Hammertoe System and obtain FDA approval, essentially altering how surgeons deal with forefoot deformities. We intention to enhance affected person outcomes whereas making the surgeons’ lives simpler,” mentioned Co-Founder and Chief Know-how Officer William Rhoda.
Toetal Options is Runway Healthcare’s second portfolio firm. The medical system accelerator combines capital and direct administration to deliver commercially prepared alternatives to the medical system trade following regulatory approval. Runway Healthcare will search to transition Toetal Options’ possession to a bigger multi-national healthcare firm for commercialization.
About Toetal Options, Inc.:
Toetal Options was based in 2021 to create easy-to-use and clinically efficient options for foot and ankle deformities. The Ziptoe™ Hammertoe System contains a sterile packed process equipment and implant to handle ridged hammertoe deformity.
About Runway Healthcare, LP:
Runway Healthcare is an early-stage MedTech Accelerator centered on early-stage know-how within the Orthopedic, Cardiovascular, and Neurology sectors. Runway funds and manages the product improvement strategy of its portfolio corporations. Upon navigating a portfolio firm by means of the regulatory course of, Runway Healthcare will search to transition its portfolio corporations’ possession to bigger multi-national healthcare corporations for commercialization.
This press launch accommodates “forward-looking statements” in regards to the improvement of Toetal Options merchandise, the potential advantages and attributes of these merchandise, and the corporate’s expectations relating to its prospects. Ahead-looking statements are topic to dangers, assumptions, and uncertainties that would trigger precise future occasions or outcomes to vary materially from such statements. These statements are made as of the date of this press launch. Precise outcomes could range. Toetal Options undertakes no obligation to replace any forward-looking statements for any cause.
Inquiries: [email protected]
Jeff O’Donnell, Jr
President and CEO
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