News

OrthoPreserve Receives Both FDA Breakthrough Device Designation and Prestigious TAP Enrollment for Meniscus Implant to Revolutionize Knee Pain Treatment

OrthoPreserve, a company developing orthopedic implant solutions, announced today it has been granted both a Breakthrough Device Designation and Total Product Life Cycle Advisory Program (TAP) enrollment from the U.S. Food & Drug Administration (FDA) for Defender, a meniscus replacement implant.

The designation covers the use of the therapeutic medical device to treat patients who continue to experience knee pain or impairment following a meniscus surgery, which impacts approximately 250,000 Americans annually. Prior to January 2025, orthopedic devices were not part of the TAP program, and OrthoPreserve’s device is believed to be the first Orthopedic device to win TAP enrollment.

OrthoPreserve’s implant addresses a significant treatment gap that exists due to the poor outcomes of the standard of care for meniscus tears, a partial meniscectomy, which removes the damaged tissue. OrthoPreserve’s proprietary technology has the potential to disrupt the standard of care and displace more invasive treatments.

“While current meniscus surgeries and non-operative care can relieve pain temporarily, some patients do poorly in the intermediate to long term, progress to further surgeries, and develop degenerative arthritis that eventually requires a knee replacement. OrthoPreserve’s implant has the potential to offer a minimally invasive, durable solution and higher quality of life for patients suffering from pain and mobility issues after a meniscus tear,” said Kenneth Zaslav, M.D., Director of the Center for Regenerative Orthopedic Medicine at Northwell Lenox Hill Hospital and Professor of Orthopedic Surgery.

Through the Breakthrough Devices program and TAP enrollment, OrthoPreserve will have early and frequent communication with the FDA and non-FDA stakeholders, as well as priority review for future regulatory submissions. These programs are exclusively available for new medical devices that offer more effective treatment options for irreversibly debilitating conditions, and will allow for the company to accelerate development, assessment, and commercialization of Defender.

Brendan Baggot, Vice President of Regulatory Affairs for OrthoPreserve said, “TAP enrollment affords enhanced guidance by agency-selected advisors on a broad range of subjects that device startups struggle with, including market adoption and insurance coverage.”

“This Breakthrough Device designation from the FDA is a major milestone for OrthoPreserve and validates the longstanding unmet medical need that our meniscus implant is designed to address,” said Jonathan Schwartz, inventor, co-founder and CEO. “The anatomical design of the implant restores the normal stabilization and cushioning functions of the meniscus to relieve symptoms and preserve knee joint health.”

OrthoPreserve hopes to launch their Pilot clinical trial in 2026, while aiming for potential FDA approval by 2029.

Read more here.

Recent News

06/23/2026

Scout Space raises Series A second close from VTC Ventures, Long Knife, and 100KM

Scout Space, a space domain awareness sensor and software provider, has announced the second close of its Series A financing, adding VTC Ventures, Long Knife and 100KM to its investor syndicate. The initial close occurred in May 2026, led by Washington Harbour Partners. The funding will accelerate deployment of Scout’s in-orbit sensor network, support upcoming

06/22/2026

Icarus Medical Secures $7.2 Million Series A to Accelerate Growth and Innovation

Icarus Medical, a Charlottesville-based med-tech company focused on advancing orthopedic bracing technology, today announced the successful close of its Series A financing round. Originally targeting $5 million, the round closed oversubscribed at $7.2 million, reflecting strong investor confidence in the company’s technology platform, market momentum, and long-term vision. Orthopedic bracing company Icarus Medical closes oversubscribed

06/16/2026

Adial Pharmaceuticals Expands Executive Leadership Team and Closes PIPE Financing

Adial Pharmaceuticals, Inc. (Nasdaq: ADIL) (“Adial” or the “Company”) today announced that the Company’s Compensation Committee and Board of Directors granted Matthew Davidson and Julie Saiki, the Company’s newly appointed chief development officer and executive vice president of strategy, respectively, restricted stock units and stock options to purchase Company common stock as an inducement to