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Austen BioInnovation Institute and Lubrizol Announce New Strategic Innovation Partnership
Date:12/21/2011

AKRON, Ohio, Dec. 21, 2011 /PRNewswire-USNewswire/ -- The Austen BioInnovation Institute in Akron (ABIA) and The Lubrizol Corporation in Wickliffe jointly announce today a strategic partnership to share expertise while discovering, developing and commercializing novel and emerging technologies.

The partnership combines the polymer science and clinical orthopedic and wound care expertise of ABIA with Lubrizol, a key medical polymer innovator, globally recognized as a leader in the specialty chemical industry.  Participation in the ABIA program is meant to enhance the pace of innovation across a wide range of healthcare organizations, with the potential to increase research and development funding and employment in high-tech and high-growth sectors.

The partnership will provide Lubrizol opportunities for collaborative research and product development among industry, academia, clinical care and government; the ability to pursue 'big ideas' in pre-competitive research and development; and access to materials and biomaterials expertise and resources for future applications. In return, ABIA and those in its founding member institutions will have access to the expertise of an innovative and diverse corporation that has a global footprint and a history of chemistry, engineered polymers and consumer specialty products advancements in Europe, Asia and North America.

Deb Langer, Lubrizol general manager-lifescience polymers says, "Developing this relationship with ABIA will provide Lubrizol the opportunity to better understand a patient's needs in order to design and develop effective polymer solutions."

"Partnering with Lubrizol is strategically important for the Austen BioInnovation Institute and our region," says Dr. Frank L. Douglas, ABIA President and CEO. "It provides an opportunity to not only enhance new product development efforts in biomaterial applications in orthopedics and wound care, but also allows two Ohio-based entiti
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SOURCE Austen BioInnovation Institute in Akron
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