The device is a first step for Healionics, which is also researching whether its Sphere Templated Angiogenic Regeneration technology could also be used in obesity management, diabetes care, advanced wound care and other human-related conditions.
Healionics raised $2.6 million in December from angel investment groups, bringing total funding to $4.3 million. Meanwhile, Xconomy reports that Michel Alvarez has assumed the CEO post from Rob Brown.
“We are very excited to announce the first commercial shipment of STAR, which is a significant milestone for Healionics and represents the Company’s first revenue from product sales," said Michel Alvarez in a statement.