Medical device maker grabs $930K investment

Tamiami Angel Fund II, one of the largest angel funds in Florida, invested $930,000 in Catalyst OrthoScience, a Naples-based orthopedic medical-device company.

Catalyst OrthoScience recently created what company officials call a breakthrough product for shoulder-replacement surgery, according to a statement.

The device, the Catalyst CSR Shoulder System, is smaller and replicates the shape of a normal shoulder more closely than current shoulder-replacement devices, according to the statement. The device uses a new surgical approach to insert and requires less bone removal than current procedures for joint replacement. The U.S. Food and Drug Administration has cleared the use of the palm-sized device to treat osteoarthritis, rheumatoid arthritis and similar conditions through its 510(k) premarket submission process, the release adds.