Magloy Tech
Bioresorbable magnesium implants for orthopedic trauma surgery.
| Date | Investors | Amount | Round |
|---|---|---|---|
$150k | Early VC | ||
| Total Funding | 000k | ||
Magloy Tech is a Singapore-based medical technology company founded in 2020 that develops bioresorbable magnesium implants for the orthopedic and trauma surgery market. A spin-off from the National University of Singapore (NUS), the company was co-founded by Dr. Vyasaraj Manakari (CEO), Dr. Gururaj Parande (CTO), and their former Ph.D. supervisor, Professor Manoj Gupta. The founding was inspired by Dr. Manakari's personal experience with a traditional titanium implant following a motorbike accident.
The company's core technology, ResoMag®, is a proprietary, biocompatible magnesium alloy used to create orthopedic implants. Their flagship product, OrthoMag, is designed to provide mechanical stability equivalent to traditional titanium or steel implants during bone healing but naturally dissolves in the body within 18 to 24 months. This eliminates the need for secondary removal surgeries, which can reduce patient recovery time, risk of complications, and overall healthcare costs. The implants are created using a specialized green manufacturing technique and an AI-based design process that customizes properties for different applications.
Magloy Tech operates in the global orthopedic implant market, targeting applications in trauma fixation, craniofacial, and reconstruction procedures. The business model involves collaborating with biomedical implant manufacturers and partnering with academic and clinical centers to commercialize its technology. The company has established a partnership with Osteopore International to commercialize a dissolvable bone graft product for facial reconstruction. Magloy Tech has secured funding from investors including Cocoon Capital, Origgin Ventures, the National University of Singapore, and a grant from Startup SG Tech. The founders have been recognized for their work, including being named in the Forbes 30 Under 30 Asia list for Healthcare & Science in 2021.
Keywords: bioresorbable implants, magnesium alloys, orthopedic surgery, trauma fixation, medical devices, bone regeneration, fracture fixation, MedTech, craniofacial surgery, dissolvable implants, OrthoMag, ResoMag, surgical devices, bone healing, osteosynthesis, revision surgery, biocompatible materials, tissue engineering, green manufacturing, maxillofacial surgery