Abyrx's technology and manufacturing platforms now include novel and proprietary families of biocompatible polymers for use in developing and commercializing products for both bone and soft tissue applications.

In addition to its announcement of the new technology license with Bezwada, Abyrx also announced it recently completed a $10Mequity financing with strong support from inside investors. The new funds will be used to manage the growing demand for Abyrx's bone putty products and to accelerate Abyrx's pipeline development activities.

"We have been very impressed by Abyrx's ability to advance our technology platforms from lab-scale production to finished products that solve unmet needs," stated Rao Bezwada, Ph.D., President and Chief Executive Officer of Bezwada Biomedical. "Given Abyrx's history of success in developing and commercializing new products, and the support Abyrx continues to receive from the venture capital community, we are excited about our future with Abyrx and we are dedicated to ensuring Mr. Pacifico and his team have everything they need to achieve their objectives for the bone and soft tissue marketplaces."
Abyrx and Bezwada recently initiated development programs to advance their new products towards commercialization. Both Abyrx and Bezwada believe they have a significant opportunity to address the limitations of other marketed products for soft tissue hemostasis, sealing, and fixation because of the high rate of reactivity and unique tunability of the Bezwada polymer technology.
The terms of the $10M equity financing were not disclosed but the company named members of its executive team as participants in addition to Canaan Partners, MedEdge, and BB BIOTECH VENTURES through their respective entities.
ABOUT ABYRX
Founded in 2013, Abyrx develops, manufactures, and provides specialty biosurgical products for use during surgical procedures. Abyrx's products are protected by over forty issued and pending patents covering a broad range of compositions and methods.
Abyrx is located in Irvington, New York. For more information, please visit www.abyrx.com
ABOUT BEZWADA BIOMEDICAL
Bezwada Biomedical designs and manufactures raw materials for use in the production of biocompatible polymers. Bezwada's technology is protected by over thirty issued and pending patents covering a broad range of compositions and methods.
Bezwada Biomedical has laboratories, production facilities, and offices in India and Hillsborough, NJ. For more information, please visit www.bezwadabiomedical.com
Published at PRNewsWire
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