Lexington Medical

Lexington Medical

Develops advanced surgical stapling technology

About

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 closing wounds and connecting tissues effectively. The company is vertically integrated, controlling product development and manufacturing to ensure high quality, and has achieved FDA clearance for their Powered Stapling System. Lexington Medical's goal is to enhance surgical procedures and provide trusted solutions for surgeons worldwide.

Company Stage

Series B

Employees

51-200

Industries

Biotechnology, Healthcare

Total Funding

$6.6M

Headquarters

Billerica, Massachusetts

Founded

2013


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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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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Paid Vacation

Performance Bonus

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