The first stage of the agreement amounts to
Today BICO, a leading bio convergence company, announced a partnership with Nanochon, a startup developing regenerative joint replacements. Under the terms of the deal, Nanochon will purchase
Joint replacement surgery has emerged as one of the most common surgeries among the fast-aging
"Nanochon's approach to regenerative joint replacement has the potential to improve the lives of tens of millions of people each year," says Erik Gatenholm, CEO and co-founder of BICO. "We're thrilled to leverage BICO's bio automation manufacturing and technology expertise to help bring this product to millions of patients around the world."
As part of the deal, BICO's company SCIENION will serve as contract manufacturer for cartilage resurfacing implants for Nanochon. The process will leverage several key technologies from the BICO portfolio to enable this first of its kind solution. The contract will also make SCIENION a key manufacturing partner for Nanochon over the coming decade.
"We are excited that our bio automation services will enable the manufacturing of the 3D joint implants," says Dr.
"It is very exciting to have the strategic support of the BICO group," says
BICO is also investing
Companies interested in technology partnerships with BICO, please contact
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For further information, please contact:
Phone (US):
Riley Munks, PR Manager: (650) 863-6699
Alyssa D'Orazio, PR Manager: (617) 634-9601
Email: press@bico.com
This information was submitted for publication, through the agency of the contact persons set out above, on
About BICO
Founded in 2016, BICO (formerly
The company has a focus on developing technologies that will advance Health 4.0 Next Generation Core Industry Ecosystems that enable tissue engineering, diagnostics, multiomics, and cell line development. BICO's technologies enable researchers in the life sciences to culture cells in 3D, perform high-throughput drug screening and print human tissues and organs for the medical, pharmaceutical, and cosmetic industries. We create the future of health.
The Group's instruments in the field amounts to 25,000, including all the top 20 pharmaceutical companies, are being used in more than 65 countries, and have been cited in more than 9,500 publications. BICO is listed on Nasdaq Stockholm under BICO. www.bico.com
About Nanochon
Nanochon is a medical device company commercializing regenerative 3D printed products for soft tissue repair in orthopedics. Their first product, Chondrograft ™, is a 3D printed polymer implant which fills and regenerates damaged areas of the cartilage surface in joints, typically associated with sports injuries and osteoarthritis. These types of injuries, if left untreated, cause the patient pain, lead to the development of advanced joint disease, and the need for knee replacement surgery. Nanochon's ultimate goal is to commercialize a treatment which will have much better outcomes and be widely accessible to patients and surgeons.
Chondrograft ™ is not an FDA approved product.
https://news.cision.com/bico-group/r/bico-and-nanochon-announce-commercial-agreement-to-develop-3d-printed-joint-restoration-implant,c3468478
https://mb.cision.com/Main/14960/3468478/1507445.pdf
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