Lexington Medical

Lexington Medical

Develops advanced surgical stapling systems

About Lexington Medical

Simplify's Rating
Why Lexington Medical is rated
B-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$6.6M

Headquarters

Billerica, Massachusetts

Founded

2013

Overview

Lexington Medical focuses on surgical stapling technology for hospitals and surgical centers, particularly in bariatric and gastrointestinal surgeries. Their advanced stapling systems aim to improve clinical outcomes by effectively closing wounds and connecting tissues. The company maintains high quality through vertical integration and automation in their Massachusetts manufacturing facility. Their goal is to enhance surgical procedures and provide trusted solutions for surgeons worldwide.

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Simplify's Take

What believers are saying

  • Growing demand for minimally invasive surgeries boosts surgical stapling market.
  • Rise of outpatient surgeries offers opportunities in ambulatory surgical centers.
  • Global bariatric surgery market growth aligns with Lexington's focus.

What critics are saying

  • Increased competition from emerging startups threatens market share.
  • Supply chain vulnerabilities could disrupt production of stapling systems.
  • Potential patent litigation risks may impact innovation pipeline.

What makes Lexington Medical unique

  • Vertically integrated, ensuring high quality and control over product development.
  • State-of-the-art manufacturing facility in Massachusetts with latest automation technologies.
  • FDA clearance for Powered Stapling System, highlighting commitment to innovation.

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Funding

Total Funding

$6.6M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Paid Vacation

Performance Bonus

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