Drexel to fund orthopedic startup

Orthopedic

Philadelphia-based Drexel University has selected a university-affiliated orthopedic medical device startup to receive support from its innovation fund. 

Ultrafix, which was founded by Sorin Siegler, PhD, professor emeritus in Drexel's college of engineering, will receive an investment of $150,000 from the fund, according to a Jan. 22 news release. 

Ultrafix focuses on the development of a novel class of orthopedic surgical devices based on controlled-expansion bone anchor technology.

Dr. Siegler's goal for the bone anchor products is to reduce revision surgeries and produce better patient outcomes across several orthopedic procedures. 

Previously, he received state and foundation funding for swelling bone anchor research. He was also involved in the successful commercialization of total-ankle replacement technology from Drexel. 

The fund launched in 2023 as an initiative for early-stage Drexel student and postgraduate-led startups, as well as startups founded to commercialize the results of scientific research developed at Drexel.

It has previously invested in GrowFlux, a horticulture lighting company; SusMaX, a concrete aggregate startup; 1D Nano, a nanomaterial cleantech company; MXene, a company focused on the commercialization of nanomaterials called MXenes; and Aer Cosmetics, a sustainable cosmetics brand.

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