Bio2 Technologies, Inc.

Woburn, MA 02115, US
Medical Devices & Equipment
www.bio2tech.com

Bio2 is commercializing Vitrium, a novel biomaterial for use in orthopedic surgery. Vitrium fully resorbs while stimulating the remodeling of new, heathy bone. The first line of Vitrium products was recently cleared by the FDA.

Vitrium has broad application across a $50B global market. The application opportunities have pre-existing reimbursement and do not require modification of surgical techniques. The cost of manufacturing Vitrium products is at or below that of competitive technologies.

Future applications of Vitrium include cartilage regeneration, limb salvage and treatment of osteoporotic bone.
Bio2 currently has two active product development programs:
- Reconstructive surgery of the foot and ankle. Bio2 is currently releasing implants fours in the correction of flatfoot deformity and hammertoe repair.
- Spinal fusion. The final pre-clinical study for a cervical fusion device is in process with pitfall data expected in October 2016.

Our proprietary process is protective by a portfolio of issued patents in the US, Japan, China and Israel with patents pending in the EU.

Our management team has deep domain experience and a successful entrepreneurial track record in the orthopedics space. Bio2’s directors and advisors include veteran industry figures and recognized clinical and scientific thought leaders.

Our capital efficient business model seeks to drive IRR through engaging strategic partners across multiple sub-specialty market verticals. Investor capital is employed exclusively for product development, securing global regulatory approvals and manufacturing infrastructure.

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Summary

Prior Year Revenue Current Year Revenue Next Year Revenue
Company Age Employees Sub-Industry
11 years, 9 months 7 Surgical

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Orthopedic Biomaterials/Implantable devices

Resorbable implants for use in reconstructive surgery, joint fusion and regenerative medicine.

Management

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President
Paul K. Nichols Jr.

Paul K. Nichols Jr.Mr. Nichols has 40 years of experience with rapidly growing companies in the medical device industry, with the past 30 as an executive and entrepreneur in the musculoskeletal sector. Between 1995 and 2005 he was a founder and CEO of three orthopedic surgery technology companies with successful exits, the most recent being Nexa Orthopedics which was acquired by Tornier (NASD: TRNX) in 2007.

Chief Operating Officer
Janet Krevolin, Ph.D.

Janet Krevolin, Ph.D.Dr. Krevolin has over 25 years of experience in research and product development in the orthopedic surgery industry. Prior to joining Bio2, she held the position of Vice President, Global Product Development for Zimmer Holdings, Inc. (NYSE: ZMH). Prior responsibilities included the management of Zimmer’s European research activities. Dr. Krevolin has a doctorate in Mechanical Engineering from the University of Texas and a bachelor's degree from Wellesley College.

Vice President
Art O’Dea

Art O’DeaMr. O’Dea is responsible for managing quality assurance and legal affairs. Mr. O’Dea served as VP of Intellectual Property for GEO2 Technologies, where he built the patent portfolio relating to the CLM technology. Prior to GEO2, he was Patent Counsel for Cognex Corporation where he managed IP matters, including patent prosecution, patent litigation, and IP licensing. Mr. O’Dea has a BSME from the University of Vermont, an MS-CIM from BYU, and a JD from the Massachusetts School of Law. He is a member of the Massachusetts Bar and a registered Patent Attorney with the United States Patent and Trademark Office.

Funding

76%

Funding Goal$2,000,000

Funding Raised So Far$1,300,000

Funding Commitments$225,000

Funding Remaining$475,000

Funding TypeEquity

Pre-Money Valuation

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