CHANDLER, Ariz.--(BUSINESS WIRE)--The Arizona Bioindustry Association (AZBio) today announced that Nasseo, Inc. has been selected to receive a 2013 AZBio Fast Lane Award from the Arizona Bioindustry Association in recognition for its efforts to create a next generation of dental and orthopedic implant products. NASSEO will be honored by bioindustry leaders at the Phoenix Convention Center during the 2013 AZBio Awards on October 10, 2013.
The AZBio Fast Lane Award recognizes the select few companies that have achieved outstanding milestones in the past 18 months. Significant progress can be measured by clinical results, regulatory approvals, certifications, collaborations, funding awards, product launches, job growth or product sales milestones.
“NASSEO co-founders Dr. Garrett Cale Smith (a Stanford BioDesign Fellow) and Kayvon Pourmirzaie, JD have a lot to smile about. With the experience built through three prior startups between them, a growing patent portfolio and a winning biotechnology platform, they are making great progress,” shared AZBio president and CEO Joan Koerber-Walker. “From product design to funding next steps, NASSEO is speeding up and moving into the Fast Lane.”
Nasseo, Inc. is a start-up medical device company developing an implant surface modification technology to provide patients and clinicians with the next generation of dental and orthopedic implants. Over the past 18 months the company has achieved very impressive milestones and is in the Fast Lane to delivering a new platform technology that benefits patients in several compelling markets.
In 2013 NASSEO was accepted into the BioInspire Medical Device accelerator in Peoria, AZ. In addition to mentoring and support, NASSEO received a $300,000 investment of seed funding from the highly competitive program. NASSEO was also named the 2013 Innovation Challenge Winner by the Arizona Commerce Authority (ACA) in its spring Arizona Innovation Challenge securing $250,000 for the commercialization of its first product, the TiArray™ Dental Implant.
Further, the company won UCSD CONNECT’s Life Sciences Capital Competition. In 2012, NASSEO was invited to showcase its work at the 2012 World’s Best Technology (WBT) Innovation Marketplace and the 2013 National Innovation Showcase. Prior to these achievements, NASSEO made history at the UC San Diego (UCSD) Business Plan Competition, as the first start-up to win both the UCSD Entrepreneur Challenge Executive Summary and Business Plan Competitions in the same year.
The company is well on its way to securing a Series A investment round in the Fall of 2013 and recently received a positive first response from the FDA paving the way for FDA clearance by the end of 2013. In addition to the TiArray™ Dental Implant, NASSEO is developing a spinal implant that integrates NASSEO’s same core implant surface modification technology. With guidance from industry thought leaders from around the world and under leadership of its CEO, Garrett Cale Smith, NASSEO is poised for success.
NASSEO is one of seven Arizona Companies selected to present at the Rocky Mountain Life Science Investor and Partnering Conference this coming September in Denver to some of the industry’s leading venture capital firms.
The 8th Annual AZBio Awards will be held Thursday, October 10, 2013 at the Phoenix Convention Center. In addition to the Gala Awards Luncheon from 11:30 a.m. to 2:00 p.m., the VWR Company Showcase and Student Discovery Showcase sponsored by NAU will highlight the work of Arizona’s current and future life science leaders from 10 am – 11:30 a.m. and again from 2:00 p.m. – 3:00 p.m. so that attendees can see the work being done across the industry and interact with the leaders and future leaders who are driving bioindustry innovation.
In addition to honoring NASSEO, the AZBio Awards will celebrate the achievements of:
- 2013 AZBio Pioneer Award for Lifetime Achievement - Thomas M. Grogan, M.D., Founder of Ventana and SVP Medical Affairs at Ventana Medical Systems, Inc. a member of the Roche Group
- 2013 Michael A. Cusanovich Arizona Bioscience Educator of the Year – Amanda Grimes Mesa Biotechnology Academy, Mesa Public Schools
- 2013 AZBio Public Service Award - John W. Lewis, Mayor of the Town of Gilbert, AZ
- 2013 Arizona Bioscience Researcher of the Year – Leslie Boyer, M.D., The University of Arizona
- 2013 Jon W. McGarity Arizona Bioscience Leader of the Year – Linda Hunt, Dignity Health, Arizona Market.
- 2013 Arizona Bioscience Company of the Year – W.L. Gore & Associates
- 2013 AZBio Fast Lane Awards – Iron Horse Dx, Nasseo, Inc., and Yulex Corporation.
About the Arizona Bioindustry Association (AZBio) – www.azbio.org
As Arizona’s statewide industry Association, AZBio is committed to working with our members across Arizona to support our industry as together we move forward faster. AZBio provides access to the key resources, connections and information in our biosciences community. This provides the foundation to be able to Connect, Collaborate, Innovate and Succeed; thus supporting the growth of a thriving economic environment for Arizona’s Bioscience Industry today and in the future.
AZBio is the State Affiliate of the Biotechnology Industry Organization (BIO) located in Washington, D.C. and also collaborates on national issues with AdvaMed, PhRMA and other national and international organizations to move the Arizona Bioscience Industry forward faster.