KeraNetics Awarded $2.1 Million Dollar Technology Development Award from the U.S. Army for Use of Keratin Biomaterials for Bone Repair in Osteoporotic Patients

Winston-Salem, N.C., March 16, 2012 – KeraNetics LLC announced today that it has been awarded a $2.1 million dollar contract from the U.S. Army’s Peer Reviewed Medical Research Program (PRMRP), part of the Congressionally Directed Medical Research Program. This contract is a Technology Development Award to develop and test bone-regenerating biomaterials. “Osteoporosis is an imbalance in the normal state of bone, and results in frail bones that easily fracture. This project will utilize the advantages of keratin biomaterials to provide a controlled release of bone morphogenic proteins to repair bone fractures often seen in our elderly veteran population” said Dr. Luke Burnett, Senior Scientist and Principal Investigator for the project.

Dr. Burnett, Director of Product Development and Research for the Company, said “This project will leverage the strength of academic and government collaborations with noted investigators such as Dr. Mark Van Dyke at Wake Forest School of Medicine and Dr. Roy Bloebaum at the Department of Veterans Affairs and the University of Utah. We are grateful to the U.S. Army for the opportunity to conduct this research that could yield a significant improvement in the quality of life of our veterans suffering from osteoporosis”.