Winston-Salem, N.C., July 17, 2015 – KeraNetics LLC announced today that it has been awarded a $1.4M Congressionally Directed Medical Research Program (CDMRP) contract under the Department of Defense Joint Warfighter Medical Research Program for pre-clinical testing of KeraGenics Bone for the treatment of segmental bone defects. Dr. Luke Burnett, Chief Science Officer for the company and Principal Investigator for the project, said: “Segmental bone defects are a common injury in our Wounded Warriors and are also a clinical issue relevant to civilian trauma patients. This project will complete dosing and efficacy studies needed to support a request to FDA for an initial meeting prior to conducting a clinical trial.”

KeraNetics™ has conducted a significant amount of research in the area of bone regeneration, with funding from DoD Small Business Innovation Research and CDMRP contracts. Dr. Burnett stated: “We are grateful for the generous funding from the Department of Defense that allows us to complete this work. Our preclinical studies show that this product produces robust bone regeneration in a segmental bone defects with an improved safety profile.”