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TechGROWTH Ohio portfolio company OsteoDx receives $2M grant from the National Institutes of Health Published: May 19, 2021 Author: Staff reports
OsteoDx Inc., a TechGROWTH Ohio portfolio company, has been selected for funding through a Small Business Innovation Research (SBIR) Phase II grant with the National Institutes of Health.
The grant will provide $2M in support of a multicenter study to further measure and validate the efficacy of the company’s proprietary Cortical Bone Mechanics Technology (CBMT), designed to identify patients at risk of fracture due to osteoporosis.
“The National Institutes of Health selected OsteoDx in a very competitive process, which is yet another level of significant external validation of the potential value of our technology,” OsteoDx Chief Executive Officer Gary Wakeford said. He further explained that the 2.3 million fragility fractures each year in the U.S. is costing the healthcare system $19 billion. This problem will
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