(March 4, 2011)--San Antonio-based GenOsteo Inc. and Austin-based SpineSmith Partners announce an agreement to commercialize a synthetic scaffold that can be used with adult stem cells (ASCs) to produce a new and highly effective bone graft material. The scaffold, developed by biomedical engineers at The University of Texas at San Antonio, provides an optimal way to use ASCs for spinal fusion and restoring bone lost because of trauma or disease.
"Our scaffold offers surgeons a new and better way to deliver ASCs to promote bone formation. Delivering the right type of cells on the right scaffold will improve clinical results in orthopedic bone grafting procedures," said Daniel Oh, UTSA research assistant professor in the UTSA Department of Biomedical Engineering, president/CSO of GenOsteo and a member of the team that developed the new technology. "When the technology reaches the market, we expect it to become the product of choice for orthopedic and neurosurgeons who recognize the need for better bone graft materials."
There are numerous orthopedic applications for the GenOsteo scaffold technology. In addition to the use in spinal fusion and general orthopedics, the scaffolds can be used to support the regeneration of craniofacial bone in patients who have lost a portion of their skulls because of trauma, surgery or disease.
GenOsteo plans to evaluate its scaffold for use in orthopedic applications that impose greater mechanical demands on the graft material. Scaffolds that can withstand mechanical loading, while eventually being replaced by the patient's own bone as it heals, will represent another significant advance in bone grafting and tissue regeneration technology.
SpineSmith will focus on the marketing, sales and distribution of the product. The two partners are seeking growth funds to support product commercialization.
"This agreement is an exciting opportunity for both SpineSmith and GenOsteo," said James Poser, executive vice president of regenerative medicine at SpineSmith. "This development program will bring together one of the brightest and most innovative teams of material scientists and experts in musculoskeletal tissue regeneration. I fully expect that when the results of this collaborative effort are realized, we will be able to provide surgeons with the best option for their patients."
Founded in 2008, GenOsteo is the first start-up company out of UTSA that was established to commercialize UTSA intellectual property.
"This is the first example of UTSA bringing together the right environment of faculty research, university policy, IP management and collaboration with the business community to launch faculty-initiated technology ventures from the university, truly an example of UTSA's continued climb toward being a Tier One research university," said Cory Hallam, director of the UTSA Center for Innovation and Technology Entrepreneurship.
GenOsteo is in UTSA's New Venture incubator, which serves as a bridge between San Antonio entrepreneurs and the region's research and development community. Established earlier this year at the UTSA Main Campus, the incubator supports start-up companies commercializing UTSA intellectual property and sponsors research that the university expects will enhance the UTSA intellectual property portfolio.
About SpineSmith Partners
SpineSmith Partners LP is dedicated to creating better ways to facilitate and accelerate the healing of spinal disorders through integration of innovating medical devices and biologic technologies. SpineSmith designs, develops and markets implants and biologics for surgical fixation, correction and tissue regeneration of the spine. SpineSmith's dedication to a collaborative approach between scientists, engineering and spine surgeons results in the development of innovative biological and hardware technologies.
STTM is the University of Texas System technology transfer office serving The University of Texas at San Antonio and other institutions in South Texas. STTM provides leadership in promoting innovation and technology transfer through proactive management of IP, technology development and commercialization to support the missions of member institutions, advance regional economic development and benefit the public.
President Taylor Eighmy is inviting all UTSA faculty and staff to "Tacos With Taylor." Take the opportunity to introduce yourself to the President at any one of these casual meet and greets.
Frio Street Building, Food Court Commons Area, Downtown Campus
Celebrate 40 years of BestFest, an annual event hosted by Roadrunner Productions as a part of UTSA Homecoming festivities. The event will feature a carnival, food and drink booths, a golf cart parade, firework and live music from Anthem.
Brackenridge Lot 1, Main Campus
Celebrate homecoming as the Roadrunners take on Rice. Come early for the Spirit Walk, tailgating, games, music and food. Stick around for a halftime show with SOSA and the crowning of Mr. and Ms. UTSA.
Alamodome, 100 Montana St., Downtown San Antonio
The Leadership Storytelling Homecoming Brunch brings together UTSA alumni and students to share a delicious meal as well as a roundtable conversation about how experiences in college carry us forward on unique leadership journeys.
University Center, Denman Room (UC 2.01.28), Main Campus
The conference is dedicated to sharing recent knowledge and experiences gained in the area of Big Data by researchers in academia, industry and the government sectors within the areas of business, national security, infrastructure, healthcare and visualization. The conference fee is $45 and includes breakfast, lunch & parking. Free for students and non-academic government employees. Register here: https://www.regonline.com/UTSAdataconference2017.
H-E-B University Center Ballroom (HUC 1.104), Main Campus
Former National Security Advisor Susan Rice, via webcast, will examine America’s economic, political and security relations with China during CHINA Town Hall, an 80-city live discussion and Q&A on China and Sino-American relations.
Building Building, Richard Liu Auditorium (BB 2.01.02), Main Campus
The African American Studies program proudly presents William "Cruz" Shaw, San Antonio City Councilman and UTSA Alumnus. Event is free and open to the public.
University Center, Retama Auditorium (UC 2.02.02), Main Campus
The graduate fair is an opportunity for the UTSA student body and local San Antonio community to learn about graduate education opportunities. The event is free and open to the public.
H-E-B University Center Ballroom (1.104), Main Campus
The University of Texas at San Antonio is dedicated to the advancement of knowledge through research and discovery, teaching and learning, community engagement and public service. As an institution of access and excellence, UTSA embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property - for Texas, the nation and the world.
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