In the groove

Naples-based Tamiami Angel Fund II says its nearly $1 million investment in Catalyst OrthoScience looks like a winning wager.

That conclusion comes after more than a dozen arthritic patients received a novel shoulder replacement device Catalyst OrthoScience founder Dr. Steven Goldberg devised to help them regain painless natural motion in their shoulders. The prominent Naples orthopedist began doing the surgeries in August.

“We thought this technology could be very dominating” in the orthopedic market, says Timothy Cartwright, an investment manager at Fifth Avenue Advisors and chairman of Tamiami Angel Funds.