Active Implants LLC Closes $26.0 Million Financing Round

Proceeds to Fund NUsurface® Clinical Trials and U.S. Regulatory Approval   MEMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants LLC, the technology leader in cushion bearing orthopaedics with its NUsurface® Meniscus Implant, today announced that it closed the first tranche of $8.7 million in new funding of a total commitment of $26.0 million.  The new round of financing was led…

NUsurface® Meniscus Clinical Trial Reaches Key Milestone

100 Patients Enrolled in Multi-Center Study   MEMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants Corporation today announces the enrollment of the one hundredth patient in an outside-the-U.S., post-market, prospective, Multi-Center Trial of the NUsurface® Meniscus Implant. The NUsurface® Meniscus Implant is a novel, composite polymer implant which is used to treat knee patients who have pain and disability…

Active Implants Corporation Announces Appointment of New President

European Office Established in The Netherlands   MEMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants Corporation (AIC) has appointed international med-tech veteran Lex R. Giltaij, MD MBA as President and Chief Operating Officer. The Company also announced the establishment of its subsidiary’s international headquarters in The Netherlands, from which Dr. Giltaij will direct operations for the Company. The Company…

$10 MM Convertible Debt to Focus on Clinical Study

Enrollment Reaches 35 Patients in Multi-Centered NUsurface® Artificial Meniscal Study in EU and Israel Henry Klyce takes over as President & CEO   EMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants Corporation (AIC), a pioneer in pliable orthopaedic implant technology, announced that current investors have committed $10 MM in additional capital to continue the NUsurface device study. The Company…

Active Implants Announces CE Class III Medical Device Approval

MEMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants Corporation (AIC) today announced that it has received a CE Class III Certificate for its TriboFit® Hip System. The TriboFit® Hip System employs the only pliable, medical grade polycarbonate-urethane (PCU) acetabular implant available today. “The achievement of the CE Class III designation and the clinical experience of the TriboFit acetabular Buffer…

Active Implants Corporation Names New Chief Financial Officer

MEMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants Corporation (AIC), a pioneer in pliable orthopaedic implant technology, today announced that J. Michael Keenan has joined the executive management team as its Chief Financial Officer and Vice President, Administration. Mr. Keenan will be responsible for finance and accounting and provide leadership for legal, information technology and operational structure to support…

Active Implants Corporation Closes $10 Million in Financing and Announces New Board Director

MEMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants Corporation (AIC), a pioneer of advanced polymer technology for the hip and knee segments of the orthopaedic market, today announced it has raised $10 million in its Series C Preferred Stock offering and has appointed Charles E. Martin to its Board of Directors. Michael R. Mainelli, Jr., President and Chief Executive…

Active Implants Enters Agreement with UK Company

Respected Furlong® hip stem joins the TriboFit® Hip System   MEMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants Corporation (AIC) today announced that it has signed an exclusive agreement with Joint Replacement Instrumentation, Ltd (JRI) to expand distribution of their advanced polymer TriboFit® Hip System in the United Kingdom. JRI, a well established specialist in the development and commercialization…

Active Implants, InMotion Forge New Partnership Relationship Expands

Active Implants Research Capabilities In Advanced Polymers In Orthopedics

The InMotion Musculoskeletal Institute and Active Implants Corporation (AIC) announced today a new research partnership focused on total joint implants utilizing compliance, polymeric materials. This new collaboration extends Active Implant’s already robust research programs to provide next generation orthopedic implant solutions that will benefit patients worldwide. AIC’s novel technology employs biocompatible materials that mimic aspects…

Active Implants Corporation Announces CE Mark Approval for Novel Low Wear, Polymer Hip Implant

MEMPHIS, Tenn.–(BUSINESS WIRE)–Sept. 18, 2006–Active Implants Corporation (AIC), a pioneer in pliable orthopaedic implant technology, today announced CE Mark approval for its novel low wear, polymer hip implant which allows the sale of the product throughout Europe. The AIC Hip Buffer(TM) is a press-fit, low wear polycarbonate polyurethane acetabular cup. This acetabular implant allows for…