News Release
Path4 and Investors Announce Creation of Spinal
Restoration, Inc.
Spine Company Plans to Focus on Early Intervention Treatments for the Spine
Austin, TX - October 4, 2004
Path4, a management-centric venture capital company focused on the
musculoskeletal medical device market, announced today the unveiling of
Spinal Restoration, Inc., a company that has been staffed and actively
building strategic business relationships, securing intellectual
property, and developing technology since last year. Path4 Ventures and
Austin Ventures have jointly invested to create this new company that
will introduce new treatments to back pain sufferers.
The company is managed by a team of seasoned executives with extensive musculoskeletal experience who have partnered with a well-respected clinician who completed a promising pilot study of a novel, non-surgical biologic treatment for back pain. The company sees great potential for its products which fill a gap in the treatment options for a surge of aging American “baby boomers” demanding creative, successful, outpatient treatment for spinal disorders.
Nearly 50% of the American adult population experiences low back pain
each year. Fortunately, 90% of these cases resolve themselves within a
few weeks but 10%, or 10 million people, experience chronic pain which
lasts longer than three months. When rest, physical therapy, and pain
medications are no longer effective treatments for these patients they
are left with few real options other than surgical intervention.
“Path4 is excited to provide a technology to address underserved patients in the spinal market,” said Jim Rogan, co-founder and Chief Executive Officer of Spinal Restoration. “An estimated 10 million adults suffer from chronic low back pain in the United States each year, and Spinal Restoration addresses this problem with new therapies, treatments and products.”
The company currently holds two U.S. patents, in addition to several pending international patent application, and is actively pursuing additional intellectual property in innovative methods, materials and devices.
About Path4 Ventures
Founded in 2004, Path4 LLC is a management-centric venture capital
company based in Austin, Texas. The company identifies, creates and
develops opportunities in the healthcare industry utilizing a "hands-on"
management style by taking an active role in the technologies and
opportunities in which they invest. More information is available at
www.path4ventures.com.
About Spinal Restoration
Spinal Restoration is focused on early intervention treatments for
degenerative disc disease. Spinal Restoration was founded in 2004 by
seasoned musculoskeletal executives who saw the need for innovative
treatments that would revolutionize the way early stages of degenerative
disc disease is treated. More information is available at
www.spinalrestoration.com.
Contact:
Jerry DeVries, Path4 Ventures
512-344-3301
jerrydevries@path4.com