Relievant Medsystems
Founded Year
2006Stage
Acquired | AcquiredTotal Raised
$273.6MValuation
$0000Revenue
$0000About Relievant Medsystems
Relievant Medsystems operates a commercial-stage medical device company. It offers various diagnoses and treatments of vertebrogenic pain with the intracept system, a minimally invasive procedure delivering targeted energy into the spine and blocking the transmission of pain signals from the basivertebral nerve. The company was founded in 2006 and is based in Edina, Minnesota. In September 2023, Relievant Medsystems was acquired by Boston Scientific. Per Boston Scientific, there were also "undisclosed additional contingent payments based on sales performance over the next three years. On an adjusted basis, the transaction is expected to be immaterial to adjusted earnings per share in 2024, slightly accretive in 2025 and increasingly accretive thereafter. On a GAAP basis, the transaction is expected to be more dilutive due to amortization expense and acquisition-related charges."
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Relievant Medsystems Patents
Relievant Medsystems has filed 65 patents.
The 3 most popular patent topics include:
- bones of the vertebral column
- orthopedic surgical procedures
- medical equipment
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/13/2020 | 8/29/2023 | Bones of the vertebral column, Orthopedic surgical procedures, Neurosurgery, Manual therapy, Musculoskeletal disorders | Grant |
Application Date | 3/13/2020 |
|---|---|
Grant Date | 8/29/2023 |
Title | |
Related Topics | Bones of the vertebral column, Orthopedic surgical procedures, Neurosurgery, Manual therapy, Musculoskeletal disorders |
Status | Grant |
Latest Relievant Medsystems News
Nov 30, 2023
St. Louis-based Physicians Pain Services added the Intracept procedure, according to a Nov. 29 news release. Michael Boedefeld, MD, and Chad Shelton, MD, lead the practice and are trained on the procedure, which is also called the basivertebral nerve procedure. Intracept is a minimally invasive procedure from Relievant Medsystems and is for patients with chronic vertebrogenic low back pain.
Relievant Medsystems Frequently Asked Questions (FAQ)
When was Relievant Medsystems founded?
Relievant Medsystems was founded in 2006.
Where is Relievant Medsystems's headquarters?
Relievant Medsystems's headquarters is located at 7201 Metro Boulevard, Edina.
What is Relievant Medsystems's latest funding round?
Relievant Medsystems's latest funding round is Acquired.
How much did Relievant Medsystems raise?
Relievant Medsystems raised a total of $273.6M.
Who are the investors of Relievant Medsystems?
Investors of Relievant Medsystems include Boston Scientific, Canaan Partners, Morgenthaler Ventures, New Enterprise Associates, Lightstone Ventures and 9 more.
Who are Relievant Medsystems's competitors?
Competitors of Relievant Medsystems include BioWave, Autonomic Technologies, SteadyMed Therapeutics, Belmont Instrument, Spinal Modulation and 7 more.
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Compare Relievant Medsystems to Competitors
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AllTranz aims to provide relief from chronic pain to patients outside the hospital setting.
BioWave is a company that focuses on the development of non-opioid, patented pain blocking technology in the healthcare industry. The company's main offerings include wearable devices that deliver high-frequency neurostimulation to pain nerves, inhibiting the propagation of action potential along the nerve and blocking the transmission of pain signals to the brain. This technology is primarily used in the sports medicine and chronic pain management sectors. It was founded in 1997 and is based in Norwalk, Connecticut.
SetPoint Medical develops implantable bioelectronic therapies to treat chronic inflammatory diseases.. It aims to treat patients with chronic autoimmune diseases and provides a treatment alternative for rheumatoid arthritis, inflammatory bowel disease, and other chronic autoimmune conditions. It was formerly known as Innovative Metabolics. The company was founded in 2007 and is based in Valencia, California.
Spineworks Medical, Inc. designs and manufactures medical devices for spinal surgery.
Salutaris Medical Devices is a clinical stage medical device company focused on the ophthalmic sector. The company's main product is a patented, FDA-cleared device called BetaCurve, designed to treat various eye diseases, including advanced age-related macular degeneration, using precision beta radiotherapy. The device is used in a quick, outpatient procedure that requires only one treatment, offering a potential alternative for patients who do not respond well to standard treatments. It is based in Tucson, Arizona.
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