Lazurite exhibited its ArthroFree wireless camera system at several events this year, including the May 2022 meeting of the Arthroscopy Association of North America, pictured here. (Photo: BusinessWire)
October 6, 2022
CLEVELANDâ(BUSINESS WIRE)âMedical device and technology company Lazurite today announced that its ArthroFreeâ¢ wireless camera system for minimally invasive surgery will be available for viewing and hands-on demonstration at the 2022 American College of Surgeons Clinical Congress, from 16 to October 20 in San Diego at Booth 1111.
The ArthroFree system is the first wireless surgical camera system to receive 510(k) clearance from the Food and Drug Administration for arthroscopy and general endoscopy. Laith M. Jazrawi, MD, performed the first-in-man surgery using the ArthroFree System in mid-September at NYU Langone Orthopedic Center.
“We look forward to presenting the ArthroFree wireless camera system for the first time at the American College of Surgeons Clinical Congress,” said Eugene Malinskiy, CEO and co-founder of Lazurite. âBy eliminating conventional camera cables that connect the surgeon to the surgical tower, the ArthroFree system is expected to increase operating room efficiency and reduce costs for clients. Additionally, with its solid-state, low-heat, high-efficiency lighting technology, the system promises to eliminate camera-related patient burns and operating room fires. ArthroFree is a modular system designed to be compatible with existing patient data consoles, surgical displays and endoscopes found in minimally invasive operating rooms.
Lazurite is a medical device and technology company. Its ArthroFreeâ¢ system, the wireless camera for arthroscopy and general endoscopy, is designed for surgeons looking for surgical tools for greater agility in the operating room. ArthroFree is compatible with current operating room technologies and eliminates camera cables that get in the way of surgeons and can cause staff trips and falls. The system’s high-efficiency, low-heat, solid-state Meridiemâ¢ lighting technology promises to eliminate camera-related patient burns and operating room fires. With the commercialization of the ArthroFree system, Lazurite launched the wireless era of surgical visualization. Lazurite’s intellectual property portfolio also includes Meridiem light technology, wireless communication technology and products in development. The pre-revenue company is located in Cleveland, OH (founded in 2015) and has raised approximately $25 million to date from institutional investors, family offices and more than 70 physician champions. The mission: to solve impossible problems to improve people’s lives. The 10-year vision: better outcomes for 10 million patients and thousands of clinicians too. For more information, see: https://lazurite.co.
This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: “anticipate”, “intend”, “plan”, “believe”, “project”, “estimate”, “expect”, “may” , “should”, “will”, “designed”, “milestone”, “promises”, “designed” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding the expected impact of the ArthroFree System on the field of minimally invasive surgery, and in particular arthroscopic surgery, and our future sales of the ArthroFree System. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Our actual results may differ materially from those indicated in the forward-looking statements. Accordingly, you should not rely on any such forward-looking statements. Any forward-looking statement we make in this press release is based solely on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update publicly any forward-looking statements, written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Lazuriteâ¢, ArthroFreeâ¢ and Meridiemâ¢ are registered trademarks of Lazurite Holdings LLC.
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