Medical Magnesium
Medical Magnesium develops metallic bioabsorbable implants for orthopaedic and trauma surgical operative therapy.
Business Model:
Revenue: $0
Employees: 11-50
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Detailed Medical Magnesium Information
Geographic Data
Address:
City: Aachen
State: Nordrhein-Westfalen
Zip:
Country: Germany
Financial Info
Stage:
seed
Raised Last:
$700k
Raised Total:$700k
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Description
Medical Magnesium develops metallic bioabsorbable implants for orthopedic and trauma surgery. The implants are mechanically stable and physiologically degradable after fracture healing. Our goal is to offer surgeons and patients tailor-made, highly functional magnesium-based solutions. We want to contribute to the next generation of implants, which make more and more single-surgery therapies possible. Metal removal is no longer necessary using innovative bioabsorbable implants. As a startup from RWTH Aachen University, we bring results from interdisciplinary research in engineering and medicine into surgical practice. The material technology has been developed and extensively tested as the basis for first implant products.
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| Announced Date | Company | Transaction | Money Raised |
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| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 4/2017 | Seed Round | 3 | $700k |
Elevate Capital Rice University TiE Angels Elevate Capital Rice University TiE Angels |
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