Sam Brusco, Associate Editor10.26.22
THINK Surgical has received a $100 million investment from new investor KDB Investment Global Healthcare of Korea to allow faster commercial launch of several new products.
The company will be able to bring new products to market offering a common planning solution across multiple robotic platforms, with a choice of implants from different manufacturers. The company aims to advance robotic systems for joint replacement surgery featuring an open implant library, countering closed systems limited to a single maker’s implants.
"We are extremely excited to strengthen our financial position to support successful new product commercialization through this financing round," Stuart Simpson, president and CEO of THINK Surgical told the press. "KDB Investment is a highly sophisticated and respected professional investment firm, and their investment will help us expand our brand and presence in the industry. We greatly appreciate their confidence in THINK Surgical as an investment opportunity."
"We are very impressed with the technology portfolio that THINK Surgical has developed and is planning to commercialize. We very much look forward to several planned product launches over the coming years," added DH Lee, CEO of KDB Investment. "THINK is well positioned to successfully launch their robotic technology with a differentiated business model that provides their customers with better value propositions, and KDB Investment has great confidence in the leadership of THINK, primarily in CEO Stuart Simpson, given Stuart's deep experience in the orthopedic surgical robot business."
The company will be able to bring new products to market offering a common planning solution across multiple robotic platforms, with a choice of implants from different manufacturers. The company aims to advance robotic systems for joint replacement surgery featuring an open implant library, countering closed systems limited to a single maker’s implants.
"We are extremely excited to strengthen our financial position to support successful new product commercialization through this financing round," Stuart Simpson, president and CEO of THINK Surgical told the press. "KDB Investment is a highly sophisticated and respected professional investment firm, and their investment will help us expand our brand and presence in the industry. We greatly appreciate their confidence in THINK Surgical as an investment opportunity."
"We are very impressed with the technology portfolio that THINK Surgical has developed and is planning to commercialize. We very much look forward to several planned product launches over the coming years," added DH Lee, CEO of KDB Investment. "THINK is well positioned to successfully launch their robotic technology with a differentiated business model that provides their customers with better value propositions, and KDB Investment has great confidence in the leadership of THINK, primarily in CEO Stuart Simpson, given Stuart's deep experience in the orthopedic surgical robot business."