Company Profile

Therics Inc
Profile last edited on: 12/22/2020      CAGE: 379Z9      UEI:

Business Identifier: NO Business Identifier is currently available for this company.
Year Founded
1993
First Award
1995
Latest Award
1998
Program Status
Inactive (Acquired)
Popularity Index
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Location Information

283 East Waterloo
Akron, OH 44319
   (330) 773-7677
   info@therics.com
   www.therics.com
Location: Multiple
Congr. District: 16
County: Summit

Public Profile

In April 1999, Tredegar - having been an early investor in Therics - announced that it had acquired that part of Therics Inc (for $13.4 million) that it did not already own. Fairly active inthe SBIR space the year previously, Therics had been developing a new microfabrication technology that had potential application in drug delivery and a variety of other medical markets. Other products offered by the SBIR-involved firm included TheraDrug(tm), an intraocular implant product to deliver pharmaceuticals on a time release basis; Theriffold(tm), tissue healing scaffolds for accelerated cellular growth; BoneGauze(tm) bone graft substitute; and the oral pharmaceutical Diclofenac(tm) --a time delayed arthritis pain relieving product. In August 2008, Therics was acquired by Integral LifeSciences - which firm has had an fairly aggressive acquisition policy involving several other SBIR-involved small firm

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
25-49
Revenue Range
2.5M-5M
VC funded?
Yes
Public/Private
Privately Held
Stock Info
----
IP Holdings
25-49

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
1998 1 NIH $97,092
Project Title: Biodegradable Implant for Estrogen Replacement Therapy
1997 1 Army $98,138
Project Title: Retinal Drug Delivery System
1995 1 NIH $100,000
Project Title: Resorbable Bone Grafts By Solid Free-Form Fabrication

Key People / Management

  James E Wavle -- Former President

  Lindag Griffith

  Donald C Monkhouse

Company News

There are no news available.