Sonoma Orthopedic, maker of a device used to mend wrist and clavicle fractures, has raised $12 million in a third round of funding to commercialize its first two products, reports VentureWire. Based in Santa Rosa, Calif., the company’s flagship offering is the WaviBody — a flexible device inserted directly into a fractured bone that then becomes rigid, setting the break in an anatomically accurate way.
Both wrist and clavicle fractures have proved problematic for doctors in the past — requiring unwieldy casts, braces or bone plates that don’t necessarily heal injuries quickly or correctly. The company is currently testing the WaviBody on 50 patients suffering from wrist fractures to see if they heal faster by using the device than they would otherwise.
The recent round of funding was led by Split Rock Partners and included Asset Management, EDF Ventures and MedVenture Associates. Sonoma has raised $25 million to date and says it has enough runway to last it through 2011.