LOS ALAMOS, N.M.--(BUSINESS WIRE)--Manhattan Scientifics (Pink Sheets:MHTX - News) announced today that it has entered into a non-binding letter of intent (LOI) with Dr. Terry C. Lowe, president of Metallicum, Inc., to acquire Metallicum together with its patent rights to produce and market NanoTitanium and other ultra fine grain nano-structured metals.The details of the planned merger were not disclosed. A definitive agreement is expected to be concluded within 60 days. Manhattan Scientifics plans to form a new Advanced Technologies division focusing on advanced science for advanced medicine.
These new ultra fine grain metals hold the promise for important advances in the medical device industry, particularly for dental implants, cardiovascular stents and for a wide range of prosthetic applications including artificial knees, shoulders, and hips. NanoTitanium is highly compatible with bone and is thought to provide stronger, faster bonding with improved strength, biocompatibility, longer life and improved wear and tear.
Founded in 2001, Metallicum has developed methods to modify the microstructure of metals by “nanostructuring” them. This procedure simultaneously increases the biocompatibility and strength of virtually any metal. For example, nanostructuring pure titanium (the material that is most commonly used in dental implants) can more than double its strength, making it stronger than most existing titanium alloys. The ability of bone cells to attach to nanostructured pure titanium surfaces at rates greater than 100% higher than with conventional alloys enables the development and marketing of a dental implant that can be fully integrated and useable with half the healing time of existing products. Other medical prosthetics will follow along the same path.
Read More
