Company Profile

Nanomag LLC
Profile last edited on: 12/7/2018      CAGE: 5CO75      UEI: LUDDJGS1LAR6

Business Identifier: Bioabsorbable magnesium alloy orthopedic implants
Year Founded
2010
First Award
2015
Latest Award
2022
Program Status
Active
Popularity Index
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Location Information

13753 Otterson Court
Livonia, MI 48150
   (734) 261-2800
   info@nanomag.us
   www.nanomag.us
Location: Single
Congr. District: 12
County: Wayne

Public Profile

nanoMAG is a revenue stage, engineered biomaterials manufacturer. nanoMAG’s management team, with over 20 years of experience in producing and commercializing magnesium alloys, is revolutionizing the biomaterials market for orthopedic medical implant devices. nanoMAG offers a bioabsorbable magnesium alloy (BioMg™) which is strong like bone and offers natural nutrients that stimulate bone regrowth. By using a biocompatible alloy with a properly controlled absorption rate, the orthopedic implant device supplies appropriate temporary structural reinforcement while avoiding all of the complications associated with current permanent metal alloy implants. Seeking strategic partners either as new product adoptors or possible investors. nanoMAG®'s patent-pending bioabsorbable magnesium alloy (BioMg®) that is as strong as bone and offers a source of nutrients for bone regrowth upon absorption. By designing the alloy to use elements naturally found in the body and which control the rate of dissolution, the BioMg® implant supplies the temporary structural reinforcement needed during healing while avoiding complications associated with currently marketed permanent metal alloy and absorbable polymer implants. With a primary focus on the biomedical implant market, the firm is also able to supply magnesium alloys in various forms for applications benefitting from the high strength-to-weight ratio of magnesium. These non-implant products include external fixation devices and braces, as well as specialty products for recreational sports equipment and manufacturing uses: Biocompatible Magnesium Alloys for Biomedical Applications na

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
1-4
Revenue Range
Less than .5M
VC funded?
No
Public/Private
Privately Held
Stock Info
----
IP Holdings
N/A

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
2022 2 NIH $4,854,469
Project Title: Bioabsorbable Magnesium (Mg) Implants for Craniomaxillofacial Surgical Systems

Key People / Management

  Stephen Lebeau -- President

  Raymond Frank Decker -- VP Product Development

  Don Urbanowicz -- Business Development

Company News

There are no news available.