LaunchPad Medical Executes Definitive License Agreement with Stryker for Novel Bone Adhesive Technology (press release)
LaunchPad Medical, LLC announced today that it has entered into a definitive agreement to license Stryker Corporation's (NYSE: SYK) bone adhesive technology, which is based on a unique synthetic biomaterial. Under the terms of the agreement, LaunchPad has received an exclusive worldwide license from Stryker for this technology which is covered by four issued and three pending U.S. patents and includes data from multiple pre-clinical animal studies. LaunchPad will seek to commercialize this technology for use in repairing damaged teeth and bones. No financial terms of the transaction were disclosed.
The properties of this biomaterial, known as Tetranite™, include the ability to provide immediate fixation of bone to bone and bone to metal. This adhesive has been shown in multiple animal studies to be a non-toxic and effective way of repairing bone fractures and defects as well as securing implant devices. Existing data has also shown that Tetranite™ is reabsorbed and replaced with new bone during the natural process of bone remodeling by acting as a scaffold to ...
