OPM Secures Investment from Scalpel Ventures
Proceeds from Surgeon-led Fund Focused on Growth of OPM’s 3D Printed OsteoFab®-Rx Personalized Implant Solutions
South Windsor, CT, September 13, 2024 – Oxford Performance Materials, Inc. (OPM; https://oxfordpm.com/), an industry leader in advanced materials science and 3D printing solutions for the orthopedic industry, is pleased to announce a significant investment from Scalpel Ventures, a venture capital firm specializing in healthcare innovation. This investment will enable OPM to expand its design and fulfillment capacity for its groundbreaking 3D printed OsteoFab® PEKK orthopedic implant business, providing the world’s only implantable devices that are metal-free, osseointegrative, anti-bacterial, radiolucent, and fully modifiable in the OR.
Scalpel Ventures was co-founded by Dr. Selene Parekh, a renowned orthopedic surgeon and entrepreneur with a history of innovation in foot & ankle procedures. “Scalpel’s investment focus is on disruptive technologies and novel solutions, and from the outset it was clear to me that OPM’s OsteoFab technology represents a significant advancement in the field of orthopedic implants,” said Dr. Parekh. “Working with the OPM team, I performed the world’s first isolated PEKK total talus replacement surgery this spring, and a growing number of my colleagues are selecting OPM’s 3D printed, metal-free OsteoFab-Rx technology for their complex custom orthopedic procedures.”
Scott DeFelice, CEO of Oxford Performance Materials, commented on the investment: "We are thrilled to partner with Scalpel Ventures to accelerate the growth of our OsteoFab platform. This investment will enable us to scale our operations and meet the increasing demand for personalized, metal-free orthopedic solutions.” DeFelice continued, “Scalpel Ventures shares our commitment to innovation and improving patient outcomes, and we look forward to working together to expand the impact of this unique technology."
About Oxford Performance Materials, Inc.
Founded in 2000, Oxford Performance Materials is a pioneer in the development and commercialization of advanced materials and additive manufacturing technologies. OPM's proprietary OsteoFab® technology leverages the high-performance PEKK (poly-ether-ketone-ketone) polymer and state-of-the-art 3D printing experience to produce devices that address critical challenges in today’s orthopedic industry. OPM provides the world’s only implantable medical devices that are personalized, metal-free, osseointegrative, anti-bacterial, radiolucent, and fully modifiable in the operating room. OPM is in commercial production of numerous orthopedic implant applications, including lower & upper extremity, oncology, trauma, cranial, facial, spinal, and sports medicine devices. OPM has also developed patented PEKK nanocoating technologies to improve performance of metal implants.
About Scalpel Ventures, LLC
Scalpel Ventures is a venture capital firm specializing in the musculoskeletal sector, co-founded by Dr. Selene Parekh and Saket Jain. The firm focuses on strategic investments in innovative startups that are revolutionizing orthopedic and musculoskeletal care. With deep industry expertise and a strong network of medical professionals, Scalpel Ventures leverages its insider knowledge to minimize risks and deliver substantial returns for its investors. Unlike traditional funds, Scalpel Ventures offers a flexible investment model that allows investors to choose specific opportunities, ensuring a tailored and engaged investment experience. Recent successes, including the notable exit of Artelon, underscore the firm’s commitment to advancing transformative healthcare solutions.
Business or Media Inquiries to Oxford Performance Materials:
Bernard Plishtin
Oxford Performance Materials, Inc.
917.494.3649
bplishtin@oxfordpm.com
Business or Media Inquiries to Scalpel Ventures:
Saket Jain
Scalpel Ventures, LLC
703.380.2020