OrthoAccel announces CEO resignation, $15M in financing

Medical device company OrthoAccel Technologies has announced that Michael K. Lowe will step down as CEO, and it has raised $15 million in new equity financing.

Lowe will be replaced on an interim basis by the company's chief financial officer, Kelly Enos, as the company seeks a new CEO.

The company also announced it has raised $15 million in a round of series C financing.

The Houston-based company makes AcceleDent, a hands-free, noninvasive device that uses SoftPulse technology to accelerate tooth and bone movement with 20 minutes of daily patient use.

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