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nanoMAG Wins New NSF Funding For Development of Bioabsorbable Orthopaedic Implants Made of High-Strength Magnesium Alloys

nanoMAG, a developer of novel lightweight, high-strength magnesium alloy technology and subsidiary of Thixomat Technologies, has been awarded new funding from the National Science Foundation (NSF) for further research and application development of its unique bioabsorbable magnesium alloy material. A contract extension with the NSF will support research work on bioabsorbable biomedical implants for orthopaedic applications.

nanoMAG’s business plan is to align with strategic industry partners. The company will provide expertise in magnesium alloy design and fabrication. The OEM customer will then take the product through early animal validation studies, FDA regulatory approval, and ultimately to market and distribution. nanoMAG will be a value-added supplier of medical implants with unique chemical composition and structural characteristics to meet specific surgical procedures and patient requirements. The strategic partner will be responsible for sterilization and packaging for shipment to the market.

nanoMAG is actively seeking development partners to test and validate early pre-production samples tailored to end-use markets. (Source: nanoMAG, LLC)