Last deal

$517.2K
Local Amount - SGD 700.K

Amount

Seed

Stage

13.12.2019

Date

1

all rounds

$517.2K

Total amount

General

About Company
Magloy Tech develops customized magnesium-based alloys for bioresorbable medical devices.

Industry

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founded date

01.01.2020

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

The company's patented green manufacturing process has resulted in OrthoMag, a material that possesses superior mechanical properties, does not create unacceptable cytotoxicity, and has controlled degradation over time. This material can make implant removal surgeries obsolete and significantly reduce post-surgery complications commonly associated with permanent bone implants. Magloy Tech plans to partner with industry-leading biomedical implant makers to design and develop bioresorbable magnesium implants across various medical applications.
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