N.C. nanotech firm branches into medical devices via 2 startups
Nanotechnology-engineered thin film coatings used in industrial applications are now being developed for medical uses through two Charlotte, North Carolina-area startup companies.
BioMedFlex and OrthoMedFlex have each raised just under $50,000 in separate fundraising rounds targeting $5 million, according to securities filings. George Barr, president of Industrial Hard Carbon, is listed in the filings as a director of both companies. The filings also list Franz Kellar as a manager and director at both companies.
The North Carolina Biotechnology Center lists OrthoMedFlex as a company that is developing and manufacturing biocompatible thin film coatings. These coatings can be used in a variety of medical device applications including stents, joint replacements and instruments.
It looks like Industrial Hard Carbon has been looking at developing its coating technology for medical applications for some time. BioMedFlex was formed in 2005, according to records at the office of the North Carolina Secretary of State. OrthoMedFlex was formed in 2009.