Spinal Modulation is a medical device company developing spinal cord neurostimulator systems for the treatment of chronic intractable pain.
Spinal Modulation, Inc. provides medical devices research and development services. The company is based in Menlo Park, California.According to the 2002 Health Assessment on the Prevalence of Chronic Pain, severe chronic pain, as defined by the International Association for the Study of Pain, is prevalent in 10 to 13% of the adult population. Limited treatment options exist for these patients and the burden to the healthcare system is unsustainable.The Spinal Modulation AxiumTM Neurostimulator System is a next-generation intraspinal neuromodulation therapy that stimulates the dorsal root ganglion (DRG) to provide a new pain management option. It has shown promising results in managing chronic intractable leg pain, as well as difficult-to-target anatomies such as the back and foot.By stimulating the DRG, therapy can be adjusted to cover either broad or specific areas of pain throughout the torso and legs, while limiting uncomfortable postural effects typically experienced with other spinal cord stimulators.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Jun 7, 2013 | Series E | $45M | 1 | St. Jude Medical | — | Detail |
Mar 5, 2013 | Debt Financing | $1.87M | — | — | — | Detail |
Jun 15, 2011 | Series D | $30M | 8 | — | — | Detail |
Nov 9, 2009 | Series C | $27.40M | 7 | — | — | Detail |
Jan 24, 2006 | Series A | $7M | 2 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
St. Jude Medical | Yes | Series E |
Medtronic | — | Series D |
DeNovo Ventures | — | Series D |
ePlanet Capital | — | Series D |
InCube Ventures | — | Series D |
Johnson & Johnson Development Corporation | — | Series D |
Kleiner Perkins | — | Series D |
MedVenture Associates | — | Series D |
Raffle Venture Partners | — | Series D |