Si-Bone raises $20m for iFuse spine implant

Si-Bone said today that it raised a $20 million funding round, hot on the heels of the regulatory and reimbursement wins it logged this week.

Nine unnamed investors participated in the equity round, San Jose, Calif.-based Si-Bone said in a regulatory filing.

Earlier this week, Si-Bone said it won an updated 510(k) indication from the FDA for the iFuse implant, allowing it to label the sacroiliac joint fusion system clinically proven to improve pain, patient function and quality of life.

Si-Bone also said that the last of 8 regional Medicare contractors, First Coast Service Options, initiated coverage for iFuse.

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