October 8, 2010 source: Wall Street Journal blogs Venture Capital Dispatch by Brian Gormley
“Stroke patients striving to walk normally may get a lift from a bionic leg developed by venture-backed Tibion Corp.
Many stroke survivors have weakness on one side that impairs their gait. Tibion’s device, worn around the leg during physical therapy, supplies the power needed to stand or walk, and may enable more intense therapy sessions. As strength and control returns, it assists the leg less.
Tibion, which has placed the device in 10 U.S. rehabilitation centers since launching it in January, soon intends to close a $15 million Series B round to expand the rollout, said Chief Executive Charles Remsberg. Previous backers include Claremont Creek Ventures and Saratoga Ventures…”
Read the full article at the Wall Street Journal