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

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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.

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