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Mainstay Lands $108M To Support Launch Of ReActiv8 Back Pain Device

 
• By Reed Miller

The company has begun the US launch of the ReActiv8 implantable neurostimulator for treating low back pain in the US while expanding commercialization in Australia and Europe.

stack of collected paper money in flat icon design on yellow color background
• Source: shutterstock.com

Mainstay Medical secured $108m to support the US launch of its ReActiv8 device for treating back pain, along with continued commercialization of the device in Europe and Australia.

The financing, announced on 16 February, was co-led by new investors Ally Bridge Group and Sofinnova Partners, through its Crossover Fund, with support from a large unnamed medical device company

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