After years of development, Synova is entering commercialization.
Synova reached its most important milestone in November 2025 when the WAVE system received FDA clearance, allowing the company to begin commercializing the technology in the United States.
The company has already secured multiple paid contracts, alongside $25M+ in LOIs representing 62 clinics and more than 12,500 annual procedures.
Every installed system can generate recurring revenue.
Synova's business does not end with the sale of the WAVE system.
Each procedure requires a single-use disposable cartridge, creating a razor-and-blade business model where every installed system can generate recurring cartridge revenue as procedure volume grows.
More WAVE systems → more procedures → more disposable cartridges → more recurring revenue
Synova could become the infrastructure behind a much larger Regenerative Medicine market.
Today, Stem Cell harvesting is still slow, cumbersome, and difficult to scale. That doesn't just create a problem for existing procedures — it limits how broadly Stem Cell therapies can be used in the first place.
By making harvesting faster and easier to deploy inside clinics, Synova can help expand the number of physicians, procedures, and applications where Stem Cells are practical to use.
That means the opportunity isn't limited to taking share from existing Stem Cell processing methods. If WAVE makes Stem Cell procedures easier to offer at scale, Synova can help grow the market itself.
And because the same system can support Orthopedics, Aesthetics, Sports Medicine, Pain Management, Hair Restoration, Tissue Repair, and future Regenerative Medicine applications, every new use case expands the market Synova can serve.
The bigger Regenerative Medicine becomes, the more valuable the infrastructure supplying its Stem Cells becomes.