Small Bone Innovations Sells Shoulder Assets to Fx Solutions

Small Bone Innovations Inc. said Tuesday that it's sold its shoulder-related assets to Fx Solutions, a French company. Financial terms weren't announced. Small Bone Innovations, of New York, will focus on its small bone & joint product portfolio, including its ankle replacement system, STAR ankle. Fx Solutiosn is focused solely on products to treat shoulder fractures and trauma. Earlier this year, SBi closed on $12 million in Series E funding from Olympus Corp. and earlier secured a $30 million debt facility from Fortress Investment Group. Last year, SBi received $144 millionin Series D and C funding from investors.

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