SEED Capital has invested in Medichanical Engineering; the company developing the surgical tool X-Pander. The tool can with a a few minutes of use decrease the number of anchoring errors in hip surgery by half and will make it easier and faster for the surgeon to prepare for an operation.
SEED Capital's investment will be used to complete the tool and implement the first round of clinical trials. As much as all hip surgeries in the UK has to be done again due to poor anchorage of the hip prosthesis. The is caused by, among other things, that a new and less invasive technique requires more surgeon experience and better abilities to perform a match between the bowl and hip prosthesis by eye.
Globally, there is more than 2.5 million hip operations annually and the figure is expected to grow to triple over the next 20 years due to economic growth in countries such as China, India and Russia. X-Pander is a mechanical measuring instrument that with few minutes of use can halve the number of anchoring errors in hip surgery. The measuring device helps the surgeon assess the exact size of the needed prosthesis and whether the prosthesis fits into the hip socket.
Medichanical Engineering was founded on the basis of an invention made by the Poul Torben Nielsen, based on a specific problem with anchoring a hip prosthesis. As part of their thesis work two engineering students Soren G. Buch and Eske W. Petersen worked further with the invention and the collaboration resulted in a decision to realize the project together. This ambition is now a long step closer with the investment from SEED Capital.
"This investment is absolutely vital for Medichanical Enginnering and we now have the means to carry out the necessary clinical trials and to dedicate the time necessary for the project. In addition, we look forward to making use of their broad business experience and extensive network, "says CEO Eske W. Petersen.
"Medichanical Engiinering has really impressed us and are in many ways a super case. It's competent founders understood which way the market for hip surgery is evolving and they have identified a central problem and a simple and effective solution. We believe that their solution already in 2013 will help reduce the number of complications from hip surgery for the benefit of both patients and health care", said Jon Ingi Benediktsson from SEED Capital, who is responsible for the investment.