Xceed forms alliance for polymer

Life science investment company Xceed Biotechnology Ltd said on Monday it has formed an alliance with Imperial College London to further develop its polymer technology for bone repair.

Life science investment company Xceed Biotechnology Ltd said on Monday it has formed an alliance with Imperial College London to further develop its polymer technology for bone repair.Xceed subsidiary Polynovo Biomaterials Pty Ltd, which has formed the alliance, owns a licence to a biodegradeable polyurethane technology from CSIRO with applications in orthopaedics, wound repair and drug delivery.Dr Molly Stevens, who heads the research at Imperial College’s Department of Materials, said the college was excited to explore the potential of the new polymer technology.”We believe that there is great potential for these new materials in the regeneration of complex hard tissues such as bone due to the optimised environment they provide for tissue formation,” Dr Stevens said.Xceed shares were up two cents at 30 cents by 1155 AEST.(Source: The Age Melbourne, July 2004)