Carmell develops technology for producing biologically-active plastics from blood plasma for treating bone and connective tissue injuries.
Carmell was founded in 2007 to commercialize technology developed jointly at Carnegie Mellon University and Allegheny General Hospital. The proprietary technology enables the manufacture of biologically-active plastics from blood plasma for treating injuries to bone and connective tissue. These plastics are sterile, off-the-shelf, easy to handle, shape and suture, have controlled degradation rates, contain known levels of bioactivity, and exhibit mechanical properties designed to match the repaired tissue. Carmell's plastics can be simply viewed as plastic forms of ultra-concentrated blood clots; they therefore represent the ideal biomaterials, using the body's own growth and regenerative factors to naturally promote tissue healing. The Company is focused on the sports medicine market, with products designed to accelerate healing and produce better clinical outcomes in treating injuries to connective tissue (e.g., tendons, ligaments and cartilage).
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jul 11, 2017 | Series B | $4M | 2 | — | — | Detail |
Apr 18, 2011 | Series A | $2.40M | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Newlin Investment Company | — | Series B |
Keiretsu Forum | — | Series B |