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NovoSource

NovoSource provides lowest total cost, stable-technology orthopedic implants that enable significant customer savings

  • Stage $1M in TTM Revenue
  • Industry Medical Devices and Equipment
  • Location Dayton, OH, USA
  • Currency USD
  • Founded April 2012
  • Employees 12
  • Website novosource.net

Company Summary

NovoSource provides value-priced orthopedic systems. Leveraging stable-technology products and existing distribution channels created an immediately revenue-generating business model. Our 1st knee launched 2Q13 ($1.5MM in 2013 sales). Now raising capital to launch 2 additional knees (already FDA-cleared), and have a hip in with FDA. Our pricing and unique/aligned service model are a perfect fit with healthcare market trends and cost pressures.

Team

  • Executive/consultant with 25 years in medtech general management, development, commercialization, operations, and strategy including a VP/Corporate Officer role at Roche and CEO roles at 3 early-stage medtech companies.

  • Fe0ac452 fc03 475e 8452 1764b7edfbcf
    Chairman/CEO, Co-Founder

    Involved in the ortho industry for 34 years via Leis Medical as it grew into IMDS, which he chaired. He is intimately familiar with the processes of developing and making orthopedic implants and has a deep understanding of the market dynamics.

  • F07426cb 56a1 4ab0 9377 8938b3b0c3fb
    VP Quality and Regulatory

    25 years in Quality Assurance/Quality Management, including 12 years in orthopedic medical device Quality Management, both at contract manufacturers and OEMs.

  • 8 years of orthopedic sales and distribution management with a $20MM distributor, founder of Epic Extremity, former professional athlete, Pittsburgh Pirates Baseball Club.

  • 553cee60 8b36 4f51 afb9 60b38a3456fa
    VP Business Development

    20+ years of orthopedic experience with 3 of the top 5 Ortho companies in the world, where he held management positions and participated in several national product launches of total knee, hip, upper extremity, and trauma product lines.

Advisors

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    Brennan, Manna, & Diamond
    CMS compliance law
    Unconfirmed
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    Battelle Rippe Kingston LLP
    Accountants
    Unconfirmed
    A3313415 7066 4bb3 96cf 0bca24c5620d
    Chief Medical Adviser

Previous Investors

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    Founders
    Unconfirmed
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    Dayton Regional Signature Fund I
    Unconfirmed