Medical technology startup Field Orthopaedics has raised a further $5 million, with the backing coming from Ilwella, the family office of resources billionaire Brian Flannery.
The Australian Financial Review reports that Field has built up a pipeline of inventions with FDA approval in the US, where Field has distribution in 30 states so far.
The company was formed in Brisbane in 2016 by inventor Dr Chris Jeffery and two surgeons. Its first product is a titanium “micro-screw” for bone fractures, which is positioned by a wire. (An @AuManufacturing interview with Jeffery in 2019 can be read here.)
Jeffery has recently patented a new N95 mask with silicon cushioning, 500,000 of which have been made under contract in China so far.
“We’re talking to private healthcare operators about them – again, it can be hard to replace the incumbents when you’re new at something – but perhaps even Bunnings will want them,” Quentin Flannery, Brian Flannery’s son and chair of Field, told The AFR.
Picture: Glenn Hunt/The Australian
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