Inion Ltd (Finland) was once a promising new trauma company with resorbable bone plates. Inion raised a total of $100M in VC funding before their IPO on the London Stock Exchange (LSE: IIN.L). Stryker distributed their implants in the US. Richard Wolf Medical Instruments distributed resorbable Sports Med products in the US. And Aesculap and Citagenix distributed OUS. Went on life support back in March 2009 when Inion laid off employees, and was delisted from London Stock Exchange.
Bankruptcy was declared on May 31, 2010… Now the Assets are For Sale.
