Medical-device company QFx ready to open with investment from Innova

Don’t be surprised if you’ve never heard of medical-device startup QFx Technologies Inc. — its name isn’t even on the door of its office suite in East Memphis.

But if all goes well, the company run by former executives of medical-device maker Smith & Nephew will be selling a new trauma surgery device by the end of this year.

“We’ve come a long way and we think we have a great product,” CEO and president Brian Austin said.

QFx has been operating in “stealth mode” to keep competitors from discovering its plans, said Ken Woody, president of venture-capital company Innova Memphis Inc. Innova invested in the company in March 2008 but kept it quiet until now.

Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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