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Strategic Initiatives

Molecular Matrix Enters Alliance to Expand Bone Graft Availability in Asia -

Molecular Matrix (MMI) will enter into a strategic alliance with Philosys Healthcare to expand availability of bone graft substitute technology in the Asian market. MMI has developed a scaffold for bone tissue regeneration based on synthetically hyper-crosslinked carbohydrate polymer (HCCP) chains that are non-immunogenic, biocompatible, biodegradable and highly versatile for tissue engineering. HCCP is the platform for MMI’s Osteo-P™ Bone Graft Substitute. Philosys, a biomedical distribution and manufacturing company, is based in Seongnam, South Korea. Osteo-P BGS is expected to open up its access to the orthopedic markets in Asia, as well as the dental and veterinary segments. Philosys also plans to pursue an equity investment in MMI. (Molecular Matrix, Inc., 9/12/19)