Malvern Medical Device Company Raises $1.8 Million for ‘Toe-tally’ New Product

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Malvern-based Toetal Solutions has raised $1.8 million for its core product. The money, raised through equity financing, will be used to finalize the Ziptoe Hammertoe System and go towards pursuing FDA approval, writes John George for the Philadelphia Business Journal.  

The Ziptoe is an implant that assists foot and ankle surgeons to “address rigid hammertoe deformities with seamless precision,” according to the company’s website. 

“The system has been thoughtfully designed with surgeon input to address the common pitfalls of the devices available to surgeons today,” said podiatrist Nick Romansky in a press release.  

Medical tech accelerator Runway Healthcare lead the sale. They want to see Toetal Solution’s ownership transition to that of a multi-national health care company.

Read more about the Malvern-based medical device company in the Philadelphia Business Journal.  

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