COLUMBIA, Md. (August 17, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced a recent Social Impact Builder Fund investment of $250,000 into Nostopharma, LLC., a small business developing treatments to restore the health of orthopedic patients.
“Nostopharma is on a mission to revolutionize orthopedic surgery. We hope to offer a complication-free future for trauma patients, athletes and chronic inflammation victims and are developing treatments to help surgeons control trauma complications, including trauma induced abnormal bone growth, a problem that the first application of our platform is looking to solve,” said Ekaterina Vert-Wong, cofounder and CEO of Nostopharma. “We are creating products that minimize abnormal bone growth from the start, helping patients avoid painful and costly revision surgeries.”
Nostopharma, a biotechnology company working to revolutionize orthopedic surgery, becomes a part of TEDCO's portfolioNostopharma, based in Bethesda, Md. and co-founded by Ekaterina Vert-Wong and Jelena Jeremic, has a pipeline of products that control major complications in a range of surgeries and post-trauma, offering a complication-free future for trauma patients, athletes, and chronic inflammation victims. The company’s first product is SurgeryGuard™ – an injectable drug combination given during surgical procedures to prevent post-surgical pathologic bone growth formation. This devastating complication affects 90% of acetabular fracture survivors, as well as 50% of elbow trauma victims, and costs the healthcare industry over $2 billion long-term.
“Abnormal bone growths can severely impact one’s quality of life, with costly radiotherapy or painful revision surgery being the currently available options for patients,” said Jean-Luc Park, senior director of TEDCO’s Social Impact Funds. “TEDCO is proud to support Nostopharma’s innovative approach that could minimize abnormal bone growth and other post-traumatic complications with just a single injection.”
TEDCO has numerous funding opportunities for entrepreneurs and small businesses. Through Social Impact Funds, TEDCO invests in and provides hands-on educational support, mentorship and collaboration efforts, and networking opportunities to support socially and economically disadvantaged individuals who are founders of technology-based companies.
For more information about TEDCO’s funding opportunities, click here.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
Media Contact
Tammi Thomas, Chief Development & Marketing Officer, TEDCO
This email address is being protected from spambots. You need JavaScript enabled to view it.