Creganna, the Irish medical device maker with operations in Marlborough, acquired Micromuscle AB and its Nobel Prize-winning artificial muscle technology for an undisclosed amount after the Swedish firm’s venture-capital backer backed out.
Linkoeping, Sweden-based Micromuscle’s electroactive polymer technology won the Nobel Prize in 2000, but the company was forced to shut down after one of its major VC investors pulled out.
Creganna , the Irish medical device maker with operations in Marlborough, acquired Micromuscle AB and its Nobel Prize-winning artificial muscle technology for an undisclosed amount after the Swedish firm’s venture-capital backer backed out.
Linkoeping, Sweden-based Micromuscle’s electroactive polymer technology won the Nobel Prize in 2000, but the company was forced to shut down after one of its major VC investors pulled out.
The product is a biocompatible EAP that functions like human muscle tissue, swelling and contracting under electrical stimulation. Creganna hopes to use the technology to control the movement of devices and to control the release of substances from device/drug combinations.
Creganna, the Irish medical device maker with operations in Marlborough, acquired Micromuscle AB and its Nobel Prize-winning artificial muscle technology for an undisclosed amount after the Swedish firm’s venture-capital backer backed out.
Linkoeping, Sweden-based Micromuscle’s electroactive polymer technology won the Nobel Prize in 2000, but the company was forced to shut down after one of its major VC investors pulled out.
The product is a biocompatible EAP that functions like human muscle tissue, swelling and contracting under electrical stimulation. Creganna hopes to use the technology to control the movement of devices and to control the release of substances from device/drug combinations.
The company hired some of Micromuscle’s technical personnel to help transfer the technology to its branch in Galway, Ireland, where it will look to incorporate it into its line of guidewires, catheters, balloons and other devices.