Vertos Medical News Story

Vertos Medical Raises $26M for Minimally Invasive Spinal Procedure

Source— MedCity News Published June 8, 2023

Article excerpts:

Medical device maker Vertos Medical recently secured $26 million in a Series C funding round led by Norwest Venture Partners. mild®, the company’s flagship product, is a minimally invasive procedure that removes small pieces of bone and ligament which can cause lumbar spinal stenosis (LSS).

LSS is an age-related condition characterized by the narrowing of the spinal canal in the lower back. The narrowing can lead to compression of the spinal cord and nerves, causing back and leg pain, as well as numbness and weakness. Through its mild® product, Vertos is seeking to help patients suffering from LSS-induced back pain reclaim their quality of life, CEO Eric Wichems said in the interview.

“Allowing patients to get back to what matters most to them is what matters most to us.”  Adding “…we want to help patients find joy every day by increasing their mobility and reducing their pain — in the least invasive way.”

mild® is an image-guided procedure that is performed in an outpatient setting with no general anesthesia required. The purpose of the procedure is to remove small amounts of bone and ligament that are pushing into the spinal canal and pinching the spinal cord. Physicians who conduct the procedure are usually an interventionist, such as an interventional pain physician, interventional radiologist, or a physiatrist.

Patients are generally those who did not benefit from conservative care options, such as epidural steroid injections, and are looking for a procedure that removes the root cause of the stenosis. Typically, these are patients who are not candidates for more invasive surgeries or choose not to get the surgery, Wichems explained.  Adding that, one of Vertos’ challenges is getting patients “to consider doing a procedure that treats the underlying condition rather than going home and accepting their limited mobility and associated diminishing quality of life.”

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