Magnesium Development Company raises $1M for new orthopedic device alloy

Holland, MI-based medical device startup Magnesium Development Company (MDC) announced earlier this month that it has raised a $1 million seed round. Start Garden’s venture fund and Genesis Innovation Group led the round.

MDC plans to use the money to embark on the next phase of pre-clinical testing for its lead product, BioMg 250. The company describes BioMg 250 as a breakthrough magnesium alloy used in orthopedic fixation devices. For example, say you need a rotator cuff repaired. Traditionally, the implant materials are made of metal or plastic, including absorbable polymers that dissolve as the surgery site heals.


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This article originally appeared on Xconomy.com. Click here to read the entire article.

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