RENOVITE ® nanoclay is a novel therapeutic delivery platform for precision regenerative medicine
Investment will help fund pre-market approval for use in spine, trauma and orthopaedics
Biocomposites, CEO, Michael Harris will join Renovos Biologics Board of Directors
KEELE, England, July 5, 2023 /PRNewswire/ — Biocomposites, an international medical devices company that engineers, manufactures and markets world leading products for regenerating bone and managing infection in bone and soft tissue, today announces it has taken a minority-share interest in Renovos Biologics (Renovos), an innovative biologics company born out of research into the properties of nanoclay at the University of Southampton, UK. Michael Harris, CEO, Biocomposites will join Renovos Biologics Board of Directors.
Renovos’ lead product RENOVITE® is a synthetic, biodegradable nanoclay carrier that can be used to place a wide range of pharmaceutical drugs and biologics at the site of treatment. It can be injected through a 23-gauge cannula in support of minimally-invasive procedures and sets into a stiff gel upon contact with physiological fluids, such as blood serum. As a cell-responsive carrier it requires a lower dose of therapeutic drug to accelerate healing.
The investment from Biocomposites will allow Renovos to access Biocomposites’ expertise and know-how in the development of drug carriers to progress RENOVITE® to pre-market approval as a carrier for use in spine, trauma and orthopaedics. And in due course, provide Renovos access to Biocomposites’ established, global distribution network.