Checkpoint Surgical's Headquarters Adds Employees

January 28, 2020

Checkpoint Surgical will add 18 new jobs at its Highland Hills headquarters after being awarded an Ohio Job Creation Tax Credit (TCA) totaling $200,000.

 

The addition of the new jobs, doubling the size of its Ohio-based team, comes with additional payroll of $1.9 million on top of its current 17 employees and nearly $2.3 million in payroll.

 

The new jobs at Checkpoint, which produces neuro-stimulation medical devices, will be in engineering, technical support, sales and marketing.

"This support is critical to managing the high costs associated with scaling a medical device company in a highly competitive worldwide market," Len Cosentino, president and CEO of Checkpoint Surgical, said in a statement.


Checkpoint received FDA Breakthrough Device Designation in 2019 for its brief electrostimulation therapy (BEST), a device designed to promote regeneration in nerve-injury surgical procedures. The Breakthrough designation is intended to expedite development of therapies that demonstrate substantial improvements for serious conditions.

In 2018, Checkpoint completed an $8.8 million equity financing round led by Mutual Capital Partners intended to grow the company's sales and marketing departments, develop new market opportunities and build out a research-and-development team. Chicago-based First Analysis, JumpStart NEXT Fund and individual investors also contributed to that funding.

 

Read more about the company's growth here

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