Spine Wave was founded in February 2001 by Mark LoGuidice and John Pafford, former executives for Sofamor Danek, to commercialize the Company’s proprietary injectable spinal nucleus technology. The simultaneous Series A financing and acquisition of VERTx in 2002, a company founded and led by Tyler Lipschultz, gave Spine Wave a novel technology focused on the rapidly growing vertebral compression fracture and spinal fusion market. In February 2006, the Company closed its Series C financing, raising an additional $36.5 million, bringing the total funds raised to $90 million. Today, the Company is focused on the development and marketing of clinical solutions for large and fast growing spinal market segments. The Company’s product portfolio includes the NuCore™ Injectable Nucleus, the StaXx™ FX Fracture Repair System, the StaXx™ XD Expandable Device, and several additional products in development. Spine Wave plans to launch its first product for commercial use in late 2006.