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BioCrossroads Invests in Medical Device Company Developing Revolutionary Absorbable Stent
Date:10/20/2011

oecker.  "If we are successful, our device will be more like a ‘splint' rather than a ‘stent'.  The funding from BioCrossroads and Periculum Capital are critical for us to advance our program through the next stages of development."

The majority of other absorbable stent products in development by major companies utilize polymer-based technologies which can take up to two years to absorb, can be difficult to implant, and have limited clinical application and utility.  Zorion's novel biomaterials and unique design will have the performance and deployment characteristics of drug-eluting metal stents with the promise of being completely absorbable, thereby avoiding many of the risks associated with permanent stents and eliminating the need for long-term drug therapy to prevent severe blood clots. 

 

About BioCrossroads
BioCrossroads (www.biocrossroads.com) is Indiana's initiative to grow, advance and invest in the life sciences, a public‑private collaboration that supports the region's existing research and corporate strengths while encouraging new business development.  BioCrossroads provides money and support to life sciences businesses, launches new life sciences enterprises (Indiana Health Information Exchange, Fairbanks Institute for Healthy Communities, BioCrossroadsLINX, and Datalys Center), expands collaboration and partnerships among Indiana's life science institutions, promotes science education and markets Indiana's life sciences industry.

About the Indiana Seed Fund I
The $6 million, return‑driven Indiana Seed Fund was launched in June 2005 and is managed by BioCrossroads with funding from
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SOURCE BioCrossroads
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