Medical start-up NovoPedics, founded by University of Medicine and Dentistry of New Jersey academics, raises $500k for knee repair.
NovoPedics, a biofirm affiliated with the University of Medicine and Dentistry of New Jersey (UMDNJ), has raised $500k from Foundation Venture Capital Group (FVCG).
The US-based start-up intends to use the funds to further develop its knee repair product Meniscofix, which can be used to treat severe meniscus knee injuries and can prevent the development of arthritis. Currently, there is no FDA-approved product for the replacement of the meniscus.
The firm has been founded by Dr. Charles Gatt and Dr.…
