Knobbe Martens Medical Device Client Closes $20 Million Financing

Carticept Medical, Inc. of Alpharetta, Georgia, a developer of innovative products for the treatment of cartilage injuries and osteoarthritis, has completed a $20 million Series B financing round.

New investor SonoSite, Inc. joined existing investors Domain Associates and New Enterprise Associates. The financing will provide funding for the Company's Navigator™ Delivery System, an integrated, computer-controlled, fluid delivery system designed to automate the delivery of medication for the benefit of both the patient and physician, as well to complete patient enrollment in the clinical study of the Company's Cartiva™ Synthetic Cartilage Implant.

Orange County partner Salima Merani, Ph.D. and associates Ted Papagiannis and Adam Gilbert manage Carticept's intellectual property portfolio. Knobbe Martens has represented Carticept since 2006.

Knobbe Martens Olson & Bear, LLP has over 260 lawyers firm-wide and dedicates its practice to intellectual property law. The firm serves a diverse group of clients from multinational corporations to emerging businesses. The firm is headquartered in Orange County, California and has offices in San Diego, Los Angeles, Riverside, San Francisco, Seattle and Washington D.C. and enjoys an international reputation for excellence. More information about the firm can be found at www.knobbe.com.