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nanoMAG, LLC

nanoMAG is developing bioabsorbable magnesium alloy orthopedic implants that support the bone during healing then safely get absorbed.

  • Stage $500K in TTM Revenue
  • Industry Medical Devices and Equipment
  • Location Livonia, MI, USA
  • Currency USD
  • Founded June 2009
  • Employees 5
  • Incorporation Type LLC
  • Website nanomag.us

Company Summary

nanoMAG, an engineered biomaterials manufacturer, is developing and commercializing magnesium bioabsorable materials with applications in orthopaedic medicine. nanoMAG manufactures bioabsorbable devices and sells the finished part to OEMs. e.g. Stryker, or J&J. An OEM partner for each design will take the nanoMAG manufactured part and complete sterilization, packaging, and then handle global sales and distribution of the finished products.

Team

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    President

    Stephen LeBeau, PhD has 35 years experience in the areas of manufacturing and materials processing and commercial market development of advanced materials. nanoMAG LLC is the fourth start up experience for Dr. LeBeau.Stephen has a technical background by training but his commercial success is due mainly to his skills at teambuilding across multiple functions and between organizations. Dr. LeBeau has a PhD in Mat. Eng. from the Univ of Wisconsin.

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    Raymond Frank Decker
    VP of Product Development

    Dr Decker was founding Chairman and President of Thixomat, Inc, Co-Founder of USP, VP of Inco, Ltd, and VP of Michigan Technological University. Ray is a member of the National Academy of Engineering and holds degrees in MSE from the University of Michigan. Dr. Decker holds 15 patents on materials and processes with a major focus on alloy design and is instrumental in developing the next generation of nanomaterials for biomedical applications.

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    Don Urbanowicz
    BOD, Business Development

    Don Urbanowicz is a Business Development and International Marketing and Sales executive with 30+ years experience with multinational health care companies. Don has significant experience advising on strategy and negotiating strategic transactions. Prior to establishing his independent consulting firm in 2011 Don was the Vice President of Business Development, Stryker Orthopaedics.

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    Dr Steven Goldstein, Professor Emeritus and Former Associate Chair for Research, Orthopaedic Research, University of Michigan
    Member of Board of Directors, Technical Advisory Board

    During Dr. Goldstein’s 30 years on the faculty at the University, his research was dominantly focused in the area of musculoskeletal science where he studied connective tissue diseases, their prevention or treatment.Dr. Goldstein has also been a very active entrepreneur with more than 25 patents, several of which have led to devices or technologies currently in use for patient care, and he is a co-founder of two university start-up companies.

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    Kurt Riegger, Managing Partner TKM Ventures
    Chairman, Board of Directors, nanoMAG

    Kurt Riegger, as a venture investor and CEO/COO, has experience developing business strategy for early stage companies. By focusing on the core capabilities and competitive positioning of the firm, Mr. Riegger creates and harvests value for shareholders. Kurt has
    32 years of senior management experience achieving strategic and financial objectives including founding two and successfully selling four technology companies.

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    Member of the Board of Directors

    Dr Carnahan has over 40 years of experience in entreprenurial materials technology development and commercialization. Dr Carnahan is the former CEO and one of the early partners of Thixomat Inc. and Sr. VP, Science and Technology, US Gypsum Corporation and board member of several other advanced materials companies. He has extensive experience in international sales and licensing of materials technology intellectual property.

Advisors

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    Clint Meyering, Calligaro & Meyering, Taylor, MI
    Lawyer
    Unconfirmed
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    Dale Vestrand, Darnell & Meyering, Taylor, MI
    Accountant
    Unconfirmed
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    Eric J. Sosenko, Partner, Honigman Miller Schwartz and Cohn LLP Attorneys and Counselors, Intellectual Property
    Unconfirmed

Previous Investors

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    Thixomat Inc., Parent Company
    Unconfirmed
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    TKM Ventures, Ann Arbor, MI
    Unconfirmed
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    Angels
    Unconfirmed