Promimic Appoints New Chairman and Directors to its Board
GOTHENBURG – October 27, 2016. Promimic today announces that the company has elected Tord Lendau as Chairman of the Board of Directors, and Håkan Krook and Patrik Sjöstrand as Non-executive Directors.
Tord Lendau brings to Promimic more than 32 years’ of international leadership and board experience from innovative, rapid growth companies. Most recently, he was General Manager at Sandvik MedTech, and has previously held senior executive roles at Synectics, Medtronic, ArthroCare and Diamyd. Other current assignments include Chairman of the board of Encare AB, Scibase AB, Hubbster AB and Actea Consulting AB, and he is a Board member and Chairman of the Audit Committee of Vitrolife. Mr Lendau studied Industrial Engineering at Linköping University.
Håkan Krook holds the position as Fund Manager at Chalmers Ventures (March 2013-present) and was previously CEO of ALMI Invest Västsverige AB (2009-2013). Mr Krook is an experienced investor and entrepreneur and brings more than 20 years’ experience from advising fast-growing companies. He holds an MSc in Business and Economics from Karlstad University.
Patrik Sjöstrand has been Investment Manager at Almi Invest AB since October 2015, and is a Board member of winningtemp AB, Lumina Adhesives AB, Metrum AB, Monivent AB and Stayble Therapeutics AB. Prior to this he was Chief Operational Officer at Orzone AB
(2010-2015). He holds a BSc in Construction Engineering from Chalmers University of Technology.
Ulf Brogren, CEO of Promimic AB, said: “We are delighted to welcome Tord, Håkan and Patrik to the Board of Promimic. The Company has made significant progress during the past 12 months based on the development and commercialisation of our innovative HAnano Surface technology for coating medical implants. The considerable experience that the new board brings will be invaluable as we execute our growth strategy in the coming years.”
Promimic and Danco successfully complete production line for HAnano Surface coating for medical implants
WARSAW, IN, USA AND GOTHENBURG, SWEDEN– OCTOBER, 19th, 2016. Promimic AB, an innovative biomaterials company, and Danco Anodizing today announced the successful completion of the productionline for Promimic's HAnano Surface coating for orthopedic and dental implants. The two companies entered a strategic partnership in March 2016 under which Danco became the preferred process partner for Promimic for the USA and China medical implant markets. Danco has also invested in the production line for HAnano Surface at its manufacturing facility in Warsaw, IN, USA.
Promimic's HAnano Surface represents a new era of implant surfaces, based on bio-mimickingsynthetic bone minerals. The unique and proprietary HAnano Surface is only 20 nanometers thin and can be applied to almost any implant material. It has been shown to increase the anchoring strength and integration of medical implants with surrounding bone tissue in over 20 pre-clinical studies. The HAnano Surface is already in clinical use on dental implants in Brazil.
Read the press release .
Promimic raises SEK23.8 million to establish operations in the US to drive commercial activities around its novel HAnano Surface medical implant coating technology
GOTHENBURG, SWEDEN September 13, 2016 Promimic AB, an innovative biomaterials company, today announced that it has secured SEK 23.8 million (US$3.2 million) in a new share issue to finance the establishment of its commercial operations in the US, the world’s largest market for medical implants. Chalmers Ventures, one of Sweden’s most prolific investors in innovative businesses, participated as a new investor alongside existing investors Karolinska Development and Almi Invest.
The new operation will be based in Austin, Texas and will be led by the company’s CEO Ulf Brogren, with the aim of building up a regional sales team targeting the US orthopedic and dental implant markets with novel products enhanced with Promimic’s HAnano Surface coating technology. Production and development will remain in Gothenburg, where the company is a part of AstraZeneca's Bio Venture Hub.
The company already has the first approval from the US Food & Drug Administration (FDA) for a dental implant using HAnano Surface, and has a spinal implant using HAnano Surface under review . Further product opportunities are being developed and expected to be launched into the US market in the coming years.
Promimic develops and markets a unique surface technology for medical implants (orthopaedic and dental) called HAnano Surface, which increases their anchoring strength and integration with surrounding bone tissue. The HAnano Surface has been evaluated in both in vitro and in vivo studies, which have shown that it can reduce healing times. HAnano Surface is nanometer thin and designed to improve the hydrophilicity of the implant, which increases the possibility for bone cells to attach to the surface, while helping to preserve the micro-structure of the implant and eliminating the risk of cracks in the coating.
"We are excited to have advanced to the point where we can build our presence in the US. We have seen increasing interest from the orthopedic industry and medical professionals in the US in our HAnano Surface technology and the clinical benefits that it can deliver. We view the US as a key driver to our future growth and are pleased to close this new financing, which will allow us to make this important step forward," says Ulf Brogren, CEO of Promimic AB. "We are very pleased to get Chalmers Ventures as a new investor, and at the same time comforted to get the trust from existing shareholders to take this important step and expand the business."
Promimic has made significant progress during the past 12 months: its partner Sistema de Implante Nacional (S.I.N), a leading provider of dental implants in Brazil, launched its first product using Promimic’s HAnano Surface technology in Brazil in January 2016; and the companies are engaged in an extensive pre-clinical and clinical development program for enhanced dental implants.
"Promimic is one of our most promising portfolio companies, and is exhibiting very strong potential and progress. The company's cutting-edge implant nano-coating technology is already established in the dental industry and we believe it has significant potential to enhance the integration capabilities of orthopedic implants too. We look forward with confidence to the company's continued expansion," says Håkan Krook, Fund Manager at Chalmers Ventures
Victor Drvota, Chief Investment Officer at Karolinska Development, adds: "It is pleasing to see that Chalmers, as an early investor, has chosen to lead this expansion-oriented financing round mainly aimed at strengthening the company's international efforts."
"Promimic has during the past year proved themselves with the launch in Brazil of its HAnano Surface coated dental implant and it has secured its first customers in the US,” says Patrik Sjöstrand, Investment Manager at Almi Invest. "The market for the company's technology is strong in the US and it is therefore a natural step forward to fully exploit this potential with the establishment of a dedicated US commercial operation."
The HAnano Surface improves implant-to-bone integration for PEEK implants
GÖTEBORG 2016-05-03 – Promimic AB today announced the results of an in vivo proof of concept study on Polyether ether ketone (PEEK) implants coated with nano-sized hydroxyapatite published in International Journal of Nanomedicine.
The results of the study show a significant improvement of bone-to-implant contact for the Hydroxyapatit (HA) nano coated implants compared to uncoated controls at 3 weeks and 12 weeks follow-up. In addition, a perforating hole in the implant showed significantly more bone area for the HA-coated implants at both healing points.
“We are tremendously satisfied with the results. The results does not only show that our surface material significantly improves the osteogenic properties of PEEK implants. It also shows a level of improvement that is clinically relevant and may help overcome the shortcomings of PEEK as a bioinert material with poor bone forming properties. Translating these results to the clinical situation, meaning it does not necessarily have to be a trade-off any more between the mechanical properties of the material and its ability for osseointegration.” comments Ulf Brogren, CEO of Promimic AB.
Polyether ether ketone implants achieve increased bone fusion when coated with nano-sized hydroxyapatite: a histomorphometric study in rabbit bone
Authors: Pär Johansson, Ryo Jimbo, Yoshihito Naito, Per Kjellin, Fredrik Currie, Ann Wennerberg
The study was conducted in a collaboration between the Department of Prosthodontics, Faculty of Odontology, Malmö University, Malmö, Sweden; Oral Implant Center, Tokushima University Hospital, Tokushima, Japan and Promimic AB.
THE PEEK MATERIAL
To overcome the problems of inferior outcomes of titanium and cobalt-chrome alloys PEEK was introduced to the orthopedic field as an implant material due to its similar elastic properties as that of human bone. For the past 2 decades, PEEK has become a common alternative to metal implants in several orthopedic applications. However, PEEK has shown both in in vivo and in vitro studies to have low bioactive features due to the relatively bioinert surface. Therefore, a lot of effort has been made to improve the biocompatible state of PEEK by incorporating bioactive substances into the substrate or onto the surface as a coating.
THE HAnano SURFACE
This new surface represents a new era of implant surfaces, based on bio-mimicking synthetic bone minerals. The unique HAnano Surface is only 20 nanometers thin and is proven to improve and accelerate osseointegration in over 20 pre-clinical studies. Through its wet chemical process it can be applied to almost any implant material and shape improving the integration with bone. This is the third published in vivo study showing that the HAnano Surface improves the integration between bone and PEEK implants. The HAnano Surface is already in clinical use on dental implants in Brazil.
Promimic and Danco Anodizing in a Strategic Partnership
Promimic and Danco Anodizing in a Strategic Partnership
WARSAW, IN, USA AND GOTHENBURG, SWEDEN – MARCH 17, 2016. Promimic and Danco today signed a license agreement where Danco will invest in a production line for the HAnano Surface process developed by Promimic. Danco will be the preferred process partner for Promimic for the USA and China medical implant market.
Since 1971, Danco Anodizing has been meeting the needs of many diverse industries for technically superior surface treatments of machined parts, castings, extrusions and sheet metal products. Danco is approved by most major aerospace and medical corporations. Danco has been a leader in the processing of titanium, stainless steel, and aluminum parts for the orthopedic industry since 1992.
“Our partnership with Promimic extends Danco’s commitment to our medical device customers in providing technically superior surface treatments,” said Dean Zentz, VP Operations Danco-Warsaw. “Danco is excited to be able to offer the HAnano
Surface not only to our US customers, but also our customers in China.”
Promimic’s HAnano Surface represents a new era of implant surfaces, based on bio-mimicking synthetic bone minerals. The unique HAnano Surface is only 20 nanometers thin and is proven to improve and accelerate osseointegration in over 20 pre-clinical studies. Through its wet chemical process it can be applied to almost any implant material and shape improving the integration with bone. The HAnano Surface is already in clinical use on dental implants in Brazil.
“We’re excited to partner with Danco and I’m convinced that this will create a faster spread for our technology to implant companies both in USA and in China,” said Ulf Brogren, Promimic’s CEO. Danco has a long history in the industry and is the perfect partner with its background in chemical processes and anodizing. This will make it easier for our customer, giving them flexibility and a faster route to market.”
ABOUT Danco Anodizing, Inc.
Established in 1971 with headquarters in Arcadia, CA and supporting facilities in Ontario, CA, Santa Ana, CA, Warsaw, IN, and Changzhou, China, Danco provides technically superior surface treatments to many diverse industries, including the medical device industry. Danco-Warsaw and Danco-China are ISO 13485, and have extensive process validations to support customer and regulatory requirements. For more information about Danco Anodizing please visit our website: http://www.danco.net.
ABOUT PROMIMIC AB
Promimic, based in Gothenburg, Sweden, develops and markets products within nano-materials for innovative surface treatments. Promimic has developed a process that makes it possible to modify all types of implant materials and geometries with a nanometer-thin surface of synthetic bone minerals; HAnano Surface. The HAnano Surface is based on the substance hydroxyapatite (HA), which by size, shape, structure and chemistry mimics the living bone tissue. The surface has been shown to fasten and improve the anchoring of implants in bone. The innovative HAnano Surface is licensed to dental and orthopaedic implants companies. For more information about the company, please visit the web page: http://www.promimic.com.
Tel: +46 730 79 42 07 – Email:
Dean Zentz, VP Operations, Danco Anodizing – Warsaw, Indiana; USA
Tel: 574-269-5900 – Email: