Truffle Capital Congratulates VEXIM on its Acquisition by Stryker Corporation


Truffle Capital, a leading European venture capital firm committed to supporting the creation and development of innovative start-ups, is proud to announce the ongoing acquisition of Vexim, a leader inmini-invasive spine surgery, by Stryker Corporation for an amount (on a fully diluted basis) of 183 million Euros (20 € per share). For details of the acquisition, please refer exclusively to Vexim and Stryker press releases.

Truffle Capital, which co-founded Vexim in 2006 and has remained the company's lead investor ever since, has been involved in all of Vexim's structuring, management team building, R&D, development and commercial stages. Winner of the NYSE Euronext's best IPO award of 2012 (Euronext Growth: ALVXM), Vexim has successfully marketed its products in Europe, and is currently preparing, with an international clinical trial and subject to FDA clearance, the potential market launch of its SpineJack® product in the United States in 2018. Vexim will now join Stryker's"Interventional Spine" division.

According to Dr. Philippe Pouletty, Co-Founder and Managing Director of Truffle Capital, "Vexim's success story and its acquisition by Stryker highlight the dynamism of radical innovation in the French MedTech sector, along with the entrepreneur-investor role played by Truffle Capital."

Truffle Capital congratulates Vincent Gardès, CEO of Vexim, and his entire team, and thanks the company's co-investors, including Kreaxi and Bpifrance. Also co-founded by Truffle, Symetis, which specializes in transcatheter aortic valves, was acquired in early 2017 by Boston Scientific. An active investor in the MedTech field, Truffle Capital is also a co-founder and shareholder of the following companies: in the cardiovascular field, Carmat (total artificial heart), Epygon (transcatheter mitral valve), Kephalios (adjustable mitral ring), Kardiosis (endoprosthesis for aortic aneurysm); in urology, Myopowers (artificial urinary sphincter); and in interventional high intensity ultrasounds, Theraclion. The firm also supports lead investments in biotech companies, including Abivax and Pharnext.

For more information, please visit www.truffle.fr

 


November 3, 2017


Topic Area: Press Release


Recent Posts

Healthcare Real Estate: Responding to Shifting Patient Demands

To compete in a changing landscape, healthcare organizations must turn their real estate from a cost center into a competitive advantage.


Over 40% of Workers Impacted by Seasonal Depression

Seasonal changes can have an impact on work performance.


Archer Property Partners Acquires Medical Office Building Near Tri-City Hospital

Archer plans a $2.5 million capital improvement program to fully modernize and reposition the asset as one of North County’s premier medical office destinations.


The OR HVAC Puzzle: Why Individual Systems Are on the Rise

Extra penetrations, tight clearances and strict humidity needs—design experts explain what it really takes to plan dedicated units for each operating room.


Sutter Health Announces Plans for New Santa Clara Medical Center

Sutter projects the medical center will open in late 2031.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.