Magnesium Development Company LLC
MDC offers fixation devices of a new absorbable metal in high growth sports med market providing higher strength and improved absorption over current polymers.
- Stage Prototype Ready
- Industry Medical Devices and Equipment
- Location Grand Haven, MI, US
- Currency USD
- Founded October 2014
- Employees 5
- Website --
Company Summary
Sports med surgeons experience high complication rates with existing devices. MDC develops sports med devices manufactured from exclusive and proprietary material providing optimal characteristics not found in existing devices: high strength, controlled absorption, while promoting regrowth of host tissue. Current focus on high volume ACL market, with plan to approach entire $2B market. Experienced, proven management with respected advisors.
Team
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President & CEO, FounderMost recently served at Tornier as its Global VP, R&D, from 2006 through 2013. During this time, Tornier grew from approximately $70M to over $300M in annual revenues, meaningfully through organic growth of new products. Rob had prior roles leading R&D at Kinetikos Medical Inc (acquired by Integra Life Sciences), DePuy, and in the automative industry. Rob holds BSME and MSME from Kettering University, and holds over 30 issued or pending patents.
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VP, Research & DevelopmentWorked 24 years in the orthopaedic industry serving in various C-level and executive R&D, Marketing and Bus Dev roles at both large corporations and start-ups including Depuy-Synthes, Biomet, DVO, and Genesis Innovation Group. Mr. Running co-founded DVO Extremity Solutions, which was successful sold to Tornier in 2007. Mr. Running has a BSME and MSME from Wright State University and the U of Cincinnati, and 13 issued and pending patents.
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VP, Engineering and QualityJeff is a 25 year veteran of the orthopedic industry, having served in R&D roles for Zimmer, Depuy, DVO, & Tornier. Jeff is a prolific inventor with over 50 issued or pending patents, and is noted as the lead engineer developing the Global Shoulder line of products for DePuy, the #1 selling shoulder product line in the world, as well as co-founding DVO, which was subsequently sold to Tornier in 2007.
Advisors
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Director
Orthopedic Surgeon, University of Utah, Surgeon Advisor to MDC
Orthopedic Surgeon, Milwaukee area, WI, Medical Director to Genesis Innovation Group, Advisor to MDC
Previous Investors
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Founder and lead investor
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