Details

Last Funding Type

Series Unknown

Last Funding Money Raised

$10M

Industries

Health Care,Manufacturing,Medical Device

Founded date

Jan 1, 1990

Number Of Employee

11 - 50

Operating Status

Active

Raymedica, Inc. is an emerging medical device manufacturer with headquarters in Minneapolis, Minnesota. Raymedica’s goal is to develop innovative solutions for the surgical treatment of patients with low back pain who have not responded to conservative care, thus improving the quality of life for these patients worldwide. This mission is accomplished by expanding and improving the technology invented by Raymedica’s founder, Charles D. Ray, M.D.

Currently, the company’s efforts are devoted to the development of the PDN® prosthetic disc nucleus for the treatment of low back pain associated with degenerative disc disease. The PDN device is surgically implanted into the evacuated nucleus disc space of the lumbar spine. Once implanted, the device is intended to increase or maintain disc height thereby restoring normal biomechanics, thus relieving pain.