Scorpion Surgical Technologies Ltd.

www.scorpionsurgical.com

High-Tech Company

Suspended Operations Q4/2011

Graduated from: Trendlines Incubators

TECH VERTICALS

Healthtech, Life Sciences, Medical Devices, MedTech

General Data

Sector	Medical Devices
Company Stage:	Seed
Established	2007
Number of Employees	7
Reg. Number:	abCDe

DESCRIPTION

Scorpion Surgical Technologies Ltd. is developing innovative anchoring solutions for orthopedic surgery.
Its first product line, currently under final preparation for clinical trials, is an Interlocking Curved Nail System for spinal stabilization surgeries. This innovative implant instrumentation, demonstrate a unique spinal anchoring concept, suitable for both stabilizing solutions; dynamic stabilization and fusion.

TECHNOLOGY

Scorpion has an innovative approach to anchoring dynamic and static implants in spinal surgery. Patients requiring spinal surgery—for instance, due to degenerative disc disease or spinal stenosis—are currently treated with intervertebral fusion instrumentation. Follow-up studies show that over the years this method often causes disease of the adjacent disc level. In an attempt to solve the problem, dynamic stabilization systems and implants, have been developed and are now coming on the market. Because these systems are dynamic, more efficient anchoring methods than are presently available are needed. Scorpion’s system is meant to fill this gap. The platform that the company is developing is a more sophisticated replacement for the present pedicle screw systems. In the future it is also expected to make possible a minimally invasive approach to intervertebral fusion operations, which number around 400,000 a year.

The device for distracting and supporting two substantially opposing tissue surfaces in a patient's body, to be introduced within the tissue surfaces in a minimally invasive procedure. The device comprises: a wrapping element; and an expandable structure insertable between the two substantially opposing support surfaces of the wrapping element, adapted to be expanded between the two substantially opposing surfaces to a predetermined dimension.

Products and Phases

Product	Phase
Interlocking Curved Nail System
An advanced spinal implant for surgical fixation.

	TARGET MARKETS
	Orthopedists, Spinal Surgeons.

	BUSINESS MODEL
	B2C

CONTACT INFO

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Main Address: Misgav, Israel

Address	Misgav Business Park, Sky (Tchelet) St.
POB	20
City	Misgav
Country	Israel
Zip	20174

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Dr. Nissim Ohana	Co-Founder & Medical Director
Dr. Asaf Ben-Arye	Co-Founder	Cell Kinetics (CEO)
Mr. Elan Gruenberg	Co-Founder
Dr. Yuval Shezifi	Co-Founder	Keystone Heart (CTO)

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Board Member	Co-Founder, Scorpion
abC Defghij	Board Member	N\A
abC Defghij	Board Member	Co-Founder, Scorpion

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Seed - Extended

May. 01, 2007

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	High-Tech Company	abCDe	Holds 20% of the company

Seed

Jan. 04, 2007

Seed

abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Jan. 04, 2007

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	Government Agency	abCDe

Last Updated:	abCDe
IVC Number:	abCDe