Finance Wales-backed Orthos enters administration
Medical devices company Orthos, backed by Finance Wales, has gone into administration.
The company received an £835,000 investment in 2010 from Finance Wales, angel investors and the Welsh Assembly Government.
Finance Wales contributed £500,000 to the round, convinced by the management team's track record of innovation, according to unquote" data.
Orthos is a spine and orthopaedic medical devices company based in Cwmbran, Wales. The firm manufactures a range of products focused on skeletal defect repair and spine fusion.
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