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Tepha buys its way out of Metabolix bioresorbables deal

June 3, 2016 By Fink Densford

Metabolix, TephaAbsorbable biomaterial developer Metabolix said it amended its license agreement with medical device company Tepha Medical Devices, forgoing future royalties and providing 2 additional Metabolix production strains and related IP in exchange for $2 million.

Metabolix’s agreement with Lexington, Mass.-based Tepha includes the licensing of its Metabolix PHA biopolymer technology for use in certain medical applications, and under the amended license, Tepha will retain that license,as well as 2 more for producing it’s devices.

Cambridge, Mass.-based Metabolix said it is “evaluating strategic alternatives” for its biopolymer business and Yield10 crop science program, and that it is engaged in efforts to secure future funding for its strategic review process and operations, according to a press release.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • Subscribe to Print Magazine
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech