Saluda Medical

Saluda Medical — the Australian developer of the medical devices used for neuromodulation in the closed circuit. The company is known that it created the first-ever intellectual stimulator of a spinal cord. Using "a neural print", unique for each person, a system in the mode of real carries out automatic monitoring and adaptation of a dose of electrostimulation, to the necessary certain patient.

The device contains small "smart" chips which are implanted in a spinal cord or other areas on a body of the person to block signals of pain and to interfere with their penetration into a brain. The device checks properties of the nerves bringing signals of pain to a brain and can be configured so that to block undesirable painful signals by means of electric impulses.

Saluda Medical is a private company with the headquarters in Artarmona (the Southern Wales, Australia). Offices also are in the USA and Great Britain.

2017: Investments of Medtronic

In May, 2017 it became known of carrying out a round of financing of Saluda Medical company. One of investors of the Australian developer of technologies for fight against chronic pain is Medtronic.

Action Potential Venture Capital (APVC) and GSK funds and also some developers of bioelectronic medicines took part in the investment transaction which volume was 53 million Australian dollars (about 40 million US dollars). Medtronic which to this round already was among investors of Saluda Medical also provided new investments of the company.

Medtronic invested in the developer of devices for fight against chronic pain of Saluda Medical

According to the CEO of Saluda Medical John Parker, investors support vision and enthusiasm of the medical company concerning an output of the innovation devices of neuromodulation to the market.

We welcome them in this time, critical for Saluda Medical. Thanks to support of our investors we will be able to continue development of new methods of assistance to the patients having chronic pain or other frustration which can be cured by means of our technologies — Parker said.[1]

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