Bonesupport Holding AB

Bonesupport Holding AB

BONEX.ST
Lund, Sweden· Est.
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BONEX.ST · Stock Price

SEK 229.80-59.00 (-20.43%)
Market Cap: $1.6B

Historical price data

Market Cap: $1.6BFounded: 1999Employees: 200-500HQ: Lund, Sweden

Overview

Bonesupport's mission is to revolutionize bone regeneration by overcoming the limitations of traditional bone grafts with its innovative CERAMENT® technology. The company has achieved significant milestones, including FDA approvals for CERAMENT G and V, and has transitioned into a revenue-generating commercial entity with a growing direct sales force. Its strategy focuses on expanding clinical indications, deepening market penetration in core geographies, and leveraging its platform for future product iterations to address a multi-billion dollar global market.

OrthopedicsInfectious Diseases

Technology Platform

The CERAMENT platform is an injectable, osteoconductive, and fully resorbable bone graft substitute composed of calcium sulfate and hydroxyapatite. Its key innovation is the ability to serve as a scaffold for bone growth while optionally providing sustained, localized elution of antibiotics (gentamicin) directly at the surgical site.

Funding History

10
Total raised:$245M
PIPE$30M
IPO$40M
IPO$45M
IPO$50M

Opportunities

The global shift towards value-based healthcare and outpatient surgery favors CERAMENT's minimally invasive, cost-effective profile.
The rising prevalence of diabetes and antibiotic-resistant infections significantly expands the addressable patient population for its antibiotic-eluting product, particularly in diabetic foot osteomyelitis.

Risk Factors

Commercial success is heavily reliant on the performance of a relatively new U.S.
direct sales force in a competitive market.
The company faces ongoing pricing and reimbursement pressures across all geographies, and its revenue stream is concentrated on a single technology platform.

Competitive Landscape

Bonesupport's primary competition in infected bone cases comes from non-resorbable antibiotic-loaded PMMA beads, against which CERAMENT G holds a decisive advantage due to its resorbability and osteoconductivity. In the broader bone graft market, it competes with traditional grafts, other synthetic ceramics, and growth factor-based products, differentiating itself through its unique combination of injectability, resorption, and localized drug delivery.

Company Timeline

1999Founded

Founded in Lund, Sweden

2010Series C

Series C: $30.0M

2017IPO

IPO — $40.0M

2020PIPE

PIPE: $30.0M