Locate Bio acquires complementary late stage orthobiologics assets
A significant step in its strategy of creating a differentiated, portfolio of best-in-class technologies that address the clear unmet needs of the surgeon
Locate Bio, an orthobiologics focused regenerative medicine company, today announced the in-licencing of multiple late stage orthobiologics assets from RCSI University of Medicine and Health Sciences.
The technologies developed by the RCSI Tissue Engineering Research Group have extensive pre-clinical and human data demonstrating their effectiveness in the treatment of both hard and soft tissues. The RCSI licensing deal includes best in class, proprietary, natural collagen-based delivery technologies, which have been developed into products for the regeneration of bone, the treatment of infection and regeneration of cartilage tissues.
Locate Bio’s ambition is to build a world leading, diversified orthobiologics company with a suite of best-in-class technologies that address the performance limitations of existing products and enable orthopaedic surgeons to improve the lives of people suffering from debilitating conditions. The bone grafting market is ripe for disruption as surgeons are forced to compromise between fusion rates, side effects, convenience and affordability. Locate Bio’s proprietary, regenerative medicine technology pipeline is delivering exciting orthobiologics products.
The in-licencing of the assets from RCSI provides additional depth and breadth to its current orthobiologics portfolio and accelerates its route to market. The company is looking for additional, complementary acquisition or in-licencing opportunities that would further broaden the portfolio to provide surgeons with a choice of best-in-class technologies and products that address the current challenges of existing products and meet the specific patient driven clinical need.
Locate Bio is currently seeking to establish a corporate presence in Ireland to further exploit these and future orthobiologic opportunities.
RCSI University of Medicine and Health Sciences is a world-leading international, independent university exclusively focused on education and research to drive improvements in human health worldwide. Established in 1784, to set and support professional standards for surgical training and practice in Ireland, today RCSI maintains a singular focus on health, with a clinically-led, patient-centred approch at the core of its research, education and training.
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