Company Research Report: Checkpoint Surgical Inc.

Company Overview

• Name: Checkpoint Surgical Inc.

• Mission: To help surgeons and their patients enjoy the highest quality of life by advancing the science and practice of nerve protection and repair.

• Founded: No information is available.

• Founders: No information is available.

• Key People: Len Cosentino transitioned from President and CEO to Founder and Executive Advisor.

• Headquarters: Highland Hills, Ohio, USA.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Notable For: Checkpoint Surgical is renowned for its groundbreaking nerve care devices, which assist surgeons in intraoperative decision-making to support nerve protection and repair.

Products

CHECKPOINT® Nerve Stimulators

• Description: Tools designed to aid surgeons in protecting, assessing, and repairing motor nerves during surgeries by providing visual confirmation of nerve function.

• Key Features:

• Uses safe biphasic waveform for sustained or repeated nerve stimulation.

• Provides identifiable visual or tactile confirmation of nerve stimulation.

CHECKPOINT GEMINI® Bipolar Nerve Stimulator

• Description: A nerve stimulator with a bipolar probe offering finely controlled stimulation.

• Key Features:

• Delivers safe, continuous nerve activation suitable for fast-twitch muscle tissue.

• Features a status indicator for amplitude and pulse duration.

CHECKPOINT GUARDIAN® Nerve Stimulator

• Description: An advanced stimulator providing critical intraoperative information regarding nerve condition.

• Key Features:

• Features enhanced information delivery and visual display.

• Allows for precise intraoperative neuro modeling and nerve assessment.

CHECKPOINT EDGE™ Nerve Cutting Kit

• Description: Designed to maintain nerve shape during transection, preventing flattening or crushing the nerve.

• Key Features:

• Provides circumferential constraint to preserve nerve architecture.

• Developed for use in nerve preparation and repair.

NEUROSHIELD® Chitosan Membrane

• Description: A transparent, bioabsorbable membrane used in peripheral nerve repair providing necessary protection during healing.

• Key Features:

• Made from chitosan, aiding Schwann cell activity and offering antibacterial properties.

• Flexible, easy to handle, and supports nerve healing.

Recent Developments

• September 29, 2022: Launch of the CHECKPOINT GEMINI® Bipolar Nerve Stimulator, designed for precise stimulation during surgeries.

• September 7, 2022: Organizational changes announced to support rapid growth, including leadership changes with Len Cosentino becoming Executive Advisor.

• July 28, 2022: Introduction of the Checkpoint Edge™ Nerve Cutting Kit, expanding the intraoperative nerve care portfolio.

• January 26, 2022: Initiation of a clinical study for nerve regeneration technology, funded by the Department of Defense.

• September 28, 2021: Full commercial release of the Checkpoint Guardian Nerve Stimulator and FDA clearance of its lead accessory for extended precision in nerve assessment.

• August 24, 2021: Completion of $16 million equity financing to support company growth and new product launches.

• August 12, 2021: Addition of NeuroShield Chitosan Nerve Wrap to enhance the peripheral nerve care product line.