Lanx draws $8.7M for spinal fusion device development

Lanx, a Colorado maker of spinal fusion devices, has pulled in $8.7 million in new funding. Chief Financial Officer Steve Deitsch told MedCity News that the money will be used, in part, to boost marketing of its Timberline lateral fusion system, which debuted in February. Funding will also support bringing as many as 6 new products to market in 2016. The funding round isn't complete, however. According to the story, Lanx wants to raise $15.1 million overall. Story