LDR Holding receives FDA approval

LDR Holding receives FDA approval

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Medical device maker LDR Holding Corp.has received clearance from federal regulators to market another spinal product.

The Austin-based company disclosed Tuesday that the U.S. Food and Drug Administration has authorized it to sell its Avenue L lateral lumber cage system.

LDR, which was founded in 2000 by partners Christophe Lavigne, Hervé Dinville and Patrick Richard in France, develops implantable spine devices and instrumentation. The company employs more than 200 workers, including 72 in Austin.

In May, LDR received $9.7 million of a planned $15 million financing from seven investors, according to a filing with theU.S. Securities and Exchange Commission.

In April, it received FDA clearance to market a new spinal implant product, called ROI-C Lordotic Cervical Cage.

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