Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


Imperial Innovations invests in Acrobot Ltd


30 July 2007

Imperial Innovations Group plc

(“Imperial Innovations”)

Investment in Acrobot Ltd

Imperial Innovations Group plc, the technology commercialisation and investment company (AIM: IVO) today announces that it has closed an investment in The Acrobot Company Limited (Acrobot), a company focusing on computer assistance for orthopaedic surgery. The investment was part of a £2.6 million funding round which was co-led by London Technology Fund and PUK Ventures.

The overall goal of Acrobot’s technologies is to provide speed, accuracy and reproducibility, which will lead ultimately to minimally-invasive, bone-conserving, orthopaedic surgery. Acrobot is based on the pioneering research of Professor Brian Davies of the Department of Mechanical Engineering and Professor Justin Cobb in the Faculty of Medicine, both at Imperial College London.

Acrobot has developed and clinically proven a range of products in three key areas related to orthopaedic surgery: computer-assisted 3D planning, surgical navigation and surgeon-controlled robotic surgery. Acrobot® Planner creates a pre-operative plan, according to which the bone is prepared and the implant positioned using Acrobot’s unique surgical navigation system, Acrobot® Navigation, which tracks the position of surgical instruments relative to the patient to ensure highly accurate surgery. In the third area, Acrobot’s key ‘active constraint’ technology confines a bone cutting tool to a defined volume in space, allowing the surgeon to shape the bone to receive a joint replacement implant. This simple, universally applicable, surgeon-controlled robotic solution would replace conventional instrumentation, enabling better bone preparation and more accurate implant positioning.

The company is now poised to move forward to full commercialisation of its Planner and Navigation technologies and will further develop its ‘active constraint’ technology for robotic applications. The Acrobot® Navigation product has been developed by Acrobot in collaboration with Corin Group PLC (Corin) to enable accurate implantation of Corin’s lead product – the Cormet® metal on metal hip resurfacing implant. Many orthopaedic surgeons are now using the products, enabling them to plan and perform hip resurfacing surgery more accurately.

Graeme Brookes, CEO of Acrobot, said:

“We now have the resources necessary to take our exciting developments to market and to further develop key next generation robotic tools that engage the orthopaedic surgeon and offer reproducibility coupled with improved ease of use.”

Susan Searle, CEO of Imperial Innovations said:

“Acrobot’s revolutionary products have been validated in clinical trials and are being used in hospitals. We are confident that the investment will help the company build on what they have achieved to date.”

-Ends-

For more information contact:

Imperial Innovations


Susan Searle, Chief Executive Officer
+44 (0)20 7594 6591

Lucy Ahfong, Marketing Communications Executive
+44 (0)20 7594 6644

M:Communications


Patrick d’Ancona / Eleanor Williamson
+44 (0)20 7153 1539

The Acrobot Company Limited


Graeme Brookes
+44 (0)20 7403 5866

JPMorgan Cazenove (NOMAD to Imperial Innovations)
+44(0)20 7588 2828

Steve Baldwin

Notes to Editors

About Imperial Innovations

Imperial Innovations is one of the UK's leading technology transfer and commercialisation companies. The company was founded in 1986 and its ordinary shares admitted to trading on the AIM Market of London Stock Exchange plc in July 2006, raising £26 million. The company’s integrated approach encompasses the identification of ideas, protection of intellectual property, development and licensing of technology and formation, incubation and investment in technology businesses. A wide range of technologies are commercialised within the areas of healthcare, ener


Publisher Contact Information:

Imperial College Innovations Limited
+44 (0)20 7594 6591
-

Company profile of Touchstone Innovations (formerly Imperial Innovations)
Past press releases of Touchstone Innovations (formerly Imperial Innovations).

Data


26,353
Tech investments
From our Online Data Service
17,014
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Nov 15€6.0MArtificial Intelligence
Nov 15€3.5MSoftware development
Nov 15N/AInternet services
Nov 15€2.4MMaterials
Nov 14N/AE-Commerce
Nov 14€3.1MMedical devices
Nov 14€4.5MOther Software

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


May 28
Identiq
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
Nethone
nethone raised over $1 million from innovation nest

Oct 1
The Link App
the link app launches version 2.0

Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase

Jan 2
Urban Jungle
urban jungle raises £1m in seed funding to build tech-enabled home ...





About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.