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June 28, 2007

Healionics leaves the nest

Posted by Angel Gonzalez at 4:38 PM

Last March, Healionics' initial round of funding made it the first company to spinoff from the Ratner Biomedical Group, a local incubator. Now the company finally has its own pad.

On Thursday, Healionics, which specializes in producing bio-compatible materials for medical devices and implants, said it had acquired a research lab and new offices in Redmond. Its flagship technology -- known as STAR Material -- reduces the human body's rejection to medical implants, a news release said.

The new digs will enable Healionics to manufacture the material in quantity; the company is currently negotiating several partnership deals, the company says.

The deals will be announced soon, according to the release.

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