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Endomimetics Awarded $100,000 Grant from Innovate Alabama to Support Development and Evaluate Potential of Bionanomatrix™ for Knee Arthroplasty Complications
Jul 09, 2024•almost 2 years ago
Contract Type
partnership
Description
Endomimetics has been awarded a $100,000 grant from Innovate Alabama to support research aimed at developing and evaluating the potential of a Bionanomatrix™ formulation to reduce infectious and inflammatory complications following knee replacement. This grant supplements the previously awarded $292 thousand one-year NIH/SBIR grant to support this indication.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months