SurModics Inc - Company Profile
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Business Description
SurModics Inc (Surmodics) provides performance coating technologies for intravascular medical devices and chemical and biological components for in vitro diagnostic immunoassay tests and microarrays. The company also develops and commercializes vascular intervention medical devices designed to address unmet clinical needs.
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R&D Overview
SurModics’ R&D initiatives focus on two main areas: performance coating technologies R&D, which includes customer development to support the licensing partnership model, and internal R&D activities aimed at advancing the vascular intervention product portfolio. Additionally, the company is working to grow its IVD business segment by identifying and addressing unmet needs in the global IVD marketplace, with a pipeline that includes components for immunoassay and molecular diagnostic applications. The R&D units of SurModics Inc are divided into two distinct teams: one dedicated to performance coating technologies R&D, which supports the licensing partnership model, and another focused on internal R&D activities to advance the vascular intervention product portfolio. The company owns two R&D centers, one in Eden Prairie, Minnesota, and another in Ballinasloe, Ireland. As of September 2024, the company held 162 issued US patents and 273 issued international patents, with additional pending applications. The pipeline includes products for immunoassay and molecular diagnostic applications. The company has licensed its PhotoLink Technology on a non-exclusive basis to various customers for medical device surface applications. In FY2024, the company spent US$38.3 million on its R&D activities, which as a percentage of revenue stood at 30.4%.
Business Segments
Overview
- Produces and sells chemical and biological components for in-vitro diagnostic immunoassay and molecular tests. - The components include protein stabilizers, antigens, antibodies, substrates and surface coatings for molecular diagnostic applications. - Major trademarks include BioFX and Tridia. - Through agreement with Diarect AG (Diarect), the company acts as an exclusive distributor of Diarect's antigens and antibodies in the US, Puerto Rico and Canada and a non-exclusive distributor of Diarect's antigens and antibodies in Japan.
Performance
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Overview
- Manufactures performance coatings, including surface modification coating technologies to improve access - Provides surface modification coating technologies that imparts enhanced biocompatibility characteristics, lubricity, and drug delivery capabilities to its clients’ medical delivery systems and devices. - Major brands include Serene and PhotoLink.
Performance
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