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Magnesium Development Company
About
Magnesim Development Company is a medical device development company delivering devices of a metal alloy technology.
- 1 - 10
Highlights
Details
- Last Funding Type
- Series A
- Industries
- Chemical,Chemical Engineering,Medical Device
- Founded date
- Jan 1, 2014
- Number Of Employee
- 1 - 10
- Operating Status
- Active
Magnesim Development Company, LLC (MDC) is a medical device development company delivering devices of a breakthrough resorbable metal alloy technology combining the strength and handling properties of metal with complete absorption for application in sports medicine orthopedics. Why is this important?Existing materials available for surgical repair marginally meet current surgical demands. Unsolved problems remain (delayed or lack of resorption, loose bodies, cyst formation, mechanical failure, post-operative imaging, etc) in surgical repair of soft tissue injuries (including knee, shoulder, and lower extremities). Occurrence of soft tissue, sports injury related medical events continue to grow as patients remain active longer, and expectations for return to activity increase. With more natural absorption, there remains potential for a bone growth stimulative effect, further enabling the return to activity and lifestyle.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Mar 11, 2019 | Series A | — | 1 |
cultivate(MD)
|
— | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Mar 3, 2021
Fando Network
|
Seed | $600K | Blockchain | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
cultivate(MD)
|
Yes | Series A |
