Bioretec

Bioretec

BRETEC.HE
Tampere, Finland· Est.
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Private Company

Total funding raised: $25M

Market Cap: $18.7MFounded: 1999HQ: Tampere, Finland

Overview

Bioretec's mission is to transform orthopedic care by merging biology and technology to create implants that facilitate the body's natural healing process and then safely absorb. Its key achievement is the 2023 FDA approval of RemeOs™, the world's first commercially available absorbable metal orthopedic implant. The company's strategy centers on scaling commercial operations in the United States, advancing its development pipeline, and launching new products to address significant unmet needs in pediatric and adult trauma, sports medicine, and elective procedures. A recent rights issue aims to strengthen its capital base to fund this growth.

OrthopedicsTraumaSports Medicine

Technology Platform

Bioretec's innovation is built on two proprietary platforms: RemeOs™, the world's first commercially available absorbable magnesium alloy for high-strength applications, and Activa™, based on clinically proven self-reinforced PLGA polymer technology for reliable bioabsorbable fixation.

Funding History

2
Total raised:$25M
Debt$10M
Series A$15M

Opportunities

The recent CMS Pass-Through Payment in the U.S.
is a major catalyst, lowering hospital adoption barriers for RemeOs™.
The global shift towards value-based care and sustainable healthcare solutions strongly favors absorbable implants that eliminate removal surgeries, particularly in the pediatric orthopedics segment.

Risk Factors

Execution risk in scaling U.S.
commercialization is high.
The company has a limited cash runway, necessitating the dilutive rights issue, and remains dependent on securing and maintaining favorable regulatory and reimbursement status for future growth.

Competitive Landscape

Bioretec competes with giant permanent implant makers (e.g., Stryker, J&J) on value and with polymer-based absorbable players (e.g., Arthrex) on technology. Its key advantage is the first-mover status with RemeOs™, the first FDA-approved absorbable metal implant, creating a temporary moat against other magnesium alloy developers.

Company Timeline

1999Founded

Founded in Tampere, Finland

2020Series A

Series A: $15.0M

2022Debt

Debt: $10.0M