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Insurance makes or breaks devices

Article by: James Walsh Star Tribune June 26, 2012 – 9:46 PM Minneapolis-based OrthoCor’s launch of a new knee brace that uses electromagnetic pulse therapy to alleviate pain and speed healing could serve as a medical technology tutorial. Safety and effectiveness? Check. U.S. Food and Drug Administration approval? Check. Ample angel investment and a growing roster of impressed orthopedic doctors and happy patients? Check, check and check. But there remains a speed bump along the way to OrthoCor Medical Inc. raking in oodles of cash for its Active Knee System: Medicare and widespread insurance company reimbursement. Until that comes, OrthoCor…



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Knee brace maker raises $2.4M, launches product nationwide

Article by: Arundhati Parmar MedCity News May 9, 2012 5:36pm  Knee brace manufacturer OrthoCor Medical announced Wednesday that it had closed a $2.4 million angel financing round. Previously, a regulatory filing with the U.S. Securities and Exchange Commission showed that the Minneapolis company had sought to raise $3 million. Along with the financing announcement, CEO John Dinusson said in a statement that the company is also launching its Active Knee System across the country. The nationwide effort will be led by Patrick Carroll, who was recently hired as national sales director. Carroll was previously Eastern Regional sales manager at Exos Corporation. He has…



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Entrepreneur finds fix for bad knees

Article by: Justin Horwath Minneapolis / St. Paul Business Journal March 9, 2012 – 5:00 AM CST For his medical-device startup, John Dinusson applies the basic principle of evolution: adaptability. His Minneapolis-based company, OrthoCor Medical Inc., has found creative ways to launch its signature product and raise funds amid a tough environment for med-tech startups. In 2006, OrthoCor paid the University of Minnesota to help develop a device that targets knee pain, Active Knee System. Patients wrap the system around an aching knee, typically wearing it during two-hour therapy sessions. Pods attached to the device activate electromagnetic waves and heat…



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The Best Non-invasive, Wearable Pain Relief Therapy to Treat Your Pain

Article by: Dr. Oz The Dr. Oz Show November 11, 2011 Ask Your Doctor About: Pulsed Electromagnetic Field Therapy Pulsed electromagnetic field therapy is a new approach to pain management that uses magnets to create pulsing, moving energy. These energy waves could change the way your body copes with pain. Learn more about this new treatment. Could it work for you? Pulsed electromagnetic field (PEMF) therapy is FDA-approved to fuse bones and has been cleared in certain devices to reduce swelling and joint pain. Transcranial Magnetic Stimulation (TMS) and Magnetic Resonance Imaging (MRI) work on the same physics. This therapy…



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High-Tech Knee Therapy Reduces Swelling, Pain

Article by: Dennis Douda WCCO – TV March 30, 2011 – 5:48 PM MINNEAPOLIS (WCCO) — When high school gymnast Natalia Merrifield hyper-extended her knee, it took all the spring out of her step. That is not good when you’re the two-time defending state champ on vault and you cannot even stand as tournament time nears. Yet, Merrifield bounced back. She credits rehabilitation with Dr. David Stude and five days of therapy with a high-tech device Dr. Stude has great faith in. The OrthoCor Active Knee System targets the joint with mild heat and a pulsed electromagnetic field. “The research…



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