Magnesium Elektron's patented SynerMag ® bioresorbable magnesium alloy technology has won the prestigious 2016 Product of the Year award at the Bionow Life Science Industry Awards. Bionow is an organization that supports business growth, competitiveness and innovation within the biomedical and life science sectors across Northern England. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161201005221/en/
SynerMag® alloy is the key structural material in Magmaris, the world's first clinically proven, metallic cardiovascular scaffold, which is manufactured by Biotronik. (Photo: Business Wire)
SynerMag alloy is used to make patient implants that are only required on a temporary basis. The alloy is already the key structural material in Magmaris, the world's first clinically proven, bioresorbable metallic cardiovascular scaffold, which is manufactured by Biotronik. Because it is made of magnesium, the scaffold has some unique advantages over polymer-based options in terms of deliverability and radial resistance following the implantation procedure. After repairing an artery over a several-month period, the SynerMag-based Magmaris scaffold resorbs naturally, allowing vessels to restore vasomotion as soon as six months after the procedure. Dr. Liz Mear, chief executive of Innovation Agency, which sponsored the Product of the Year award, presented the award to Graham Wardlow, managing director of Magnesium Elektron, and Paul Lyon, head of programmes technology. Dr. Mear praised Magnesium Elektron for applying its technical knowledge from the company's existing market sectors to create a new platform technology for the life sciences arena. Mr. Wardlow thanked his development team in the U.K. for "their incredible persistence and commitment over the past 10 years." He also thanked and recognized Biotronik "for their cooperation throughout the development of SynerMag."