One Biodegradable Implant. Full Joint Restoration.

INVEST IN CYTEXORTHO TODAY!

CytexOrtho is a healthcare startup that is developing technology and solutions for younger patients with hip pain to address early joint degeneration. The company’s lead product is a cutting-edge biodegradable medical implant that restores joint cartilage and bone instead of replacing it with artificial materials found in a total joint replacement. While this product is not yet commercially available, CytexOrtho is currently preparing for an FDA IDE submission to begin clinical trials for it and expects to begin these trials in 2023.
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This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
CytexOrtho

REASONS TO INVEST

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Highly Validated Technology – Our technology is backed by over 20 years of award-winning research, with 5 U.S. patents issued, and over $17M in non-dilutive NIH grant funding. Our publication record, patents, and funding success underscore the novelty of our approach to joint regeneration.

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Projected Market Opportunity – The hip preservation U.S. Market Opportunity is estimated in excess of $4B and is growing at 18%+ per year.* Joint preservation solutions are desperately needed in the young and active patient, and there are few competing technologies in this sector.

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Expert Leadership – CytexOrtho has assembled a team of experts in cartilage tissue engineering, medical device development, and hip preservation. Founded by some of the world's leading scientists in cartilage engineering, and joined by world-renowned physicians and experienced businessmen, CytexOrtho is positioned for success.

*Calculated based on data from the Center for Disease Control, Arthritis Foundation, American Academy of Orthopaedic Surgeons, and Singh et al. J Rheumatol. 2019;46(9):1134-40.

Revolutionizing Osteoarthritis Treatment

CytexOrtho solves joint pain at the source and preserves joints, rather than replacing them. We exist to level up the quality of life for the millions of people who suffer from chronic joint pain and offer a true, permanent solution to joint damage and/or osteoarthritis (OA).


Young patients aged 18 to 55 years old with cartilage disease are currently without any surgical treatment options that will fully restore their mobility, short of a complete (and temporary) joint replacement. Our revolutionary cartilage restoration implants serve as effective alternatives and will enable orthopedic surgeons to proactively preserve the hip joint for a young market, offering the solution many patients have been waiting for.


*Thomas P. Vail is on the Clinical Advisory Board for CytexOrtho.


The implant is manufactured using a unique combination of part 3D-printing and part 3D-woven textile. The result is an implant that has been engineered to mimic the functionality of healthy joint tissues. The completely biodegradable/bioabsorbable material augments natural tissue regeneration while restoring joint function and mobility. The flexible design and manufacturing allows the CytexOrtho implant to easily be reconfigured for treating other joints such as the knee, ankle, and shoulder. As such, CytexOrtho’s implant technology has true platform potential.


Since our founding, CytexOrtho has won numerous state and federal grants recognizing the novelty of our research and our products’ enormous potential to transform joint care. The co-founders of CytexOrtho, Drs. Guilak, Estes, and Moutos recently won the Kappa Delta Elizabeth Winston Lanier award from the American Academy of Orthopaedic Surgeons (AAOS). This award recognizes research in musculoskeletal disease or injury that's forecasted to have the greatest impact and advancement on patient care. The Kappa Delta awards are one of the highest honors in the field of orthopedic research.


Our surgical implants are past the design phase and animal testing was successful. We are currently in the process of submitting the appropriate materials to the FDA so we can begin clinical trials and move forward to market launch.


The Problem


Distinct Lack of Treatment Options for Young OA Patients

Osteoarthritis isn’t just a painful problem through which people have to suffer, it is also a costly one, and exerts a tremendous burden on the economy. In the U.S. alone, over 32.5 million people suffer from OA, and the direct and indirect costs of OA, such as medical expenditures, lost wages, and quality of life, exceeds more than $136 billion per year. (source)


While the elderly population is the typical age group associated with OA, there are still millions of people between the ages of 18-55 who suffer as well.


(source)


While these patients have youth on their side, the damaged cartilage will not heal on its own and will inevitably progress to OA. Unfortunately, they lack effective surgical options other than a total joint replacement. This puts orthopedic surgeons and patients in a bind – the patient either suffers with the disease until they are older, or the joint is replaced at an early age, knowing that a replacement will limit activity level and lifestyle and that it will ultimately get worn down and require another replacement.


There is a Major Treatment Gap in OA Therapy



A compromised hip joint affects a person’s quality of life, but a hip replacement in the young also affects their quality of life. A total hip replacement should not be the only answer to OA. While a total joint replacement is appropriate for older patients, it is not ideal for younger, more active patients. This is because the average implant needs replacing after 15 to 20 years. If a hip is replaced when the patient is in their 40s or 50s, a revision surgery is almost guaranteed a decade or two later. The surgery also is likely to leave a less stable joint the second time around and is prone to more complications than the first one.


We believe these patients and their doctors deserve a better, less invasive alternative, to a total hip replacement.

The Solution


A Biodegradable Implant to Restore Joint Cartilage

CytexOrtho’s novel joint restoration implant is made by bonding a high-performance, highly engineered textile structure with a 3D printed component. The integrated structure is made from biodegradable materials that restore the joint contours while integrating with the surrounding tissues of cartilage and bone.


*Products are in development. This is potential future technology and not approved by the FDA and not commercially available.


These implants are designed to act as a load-bearing surface for immediate movement and mobility of the joint after surgery. This surgery will require no biologic glue, sutures, screws, or other fasteners, and it dissolves over time, leaving only the patient’s own tissues once healed. This leaves open the option for a repeat procedure if necessary down the line, or allows conversion to a total hip replacement once the patient reaches a more appropriate age for such.


*Images are computer generated for demonstration purposes only.


What’s truly exciting about our implants, however, is their versatility. While we're focusing on hip joints for our initial market entry, the CytexOrtho implant can easily be made to match the geometry of the contours in any joint due to the design and flexibility we built into the manufacturing process. This will allow us to translate use of our technology to the treatment of other joints, such as knees, ankles, and shoulders.


CytexOrtho plans to sell our implants to hospitals directly for $5,000 per unit, with an estimated cost of goods of approximately $350 per unit.


*Products are in development. This is potential future technology and not approved by the FDA and not commercially available.


The development of CytexOrtho's implants is being guided by recognized experts in hip surgery, hip preservation, and the clinical evaluation of cartilage repair techniques. This ensures that our products meet the real world needs of the orthopedic community. Our Clinical Advisory Board is comprised of Dr. John Clohisy, Washington University; Dr. Paul Beaulé, University of Ottawa; Dr. Young-Jo Kim, Harvard Medical School; Dr. Thomas Vail, University of California, San Francisco; and Dr. Hollis Potter, Hospital for Special Surgery.


The Market


Untapped Market Potential

Overall, the younger patient population, with either hip-related OA or prearthritic disease, represents a growing and tremendous clinical need and is the initial target market for CytexOrtho implants.



The total addressable market for CytexOrtho’s novel implants exceeds $4B; however, our initial market entry will be targeting patients affected with prearthritic hip disease that ultimately leads to OA.* One prearthritic disease state that is on the rise is femoral acetabular impingement (FAI) - as many as 25% of men and 10% of women show radiological deformities that make them susceptible to hip disease and OA. While many of these patients were not presenting with chronic pain, the evidence of abnormalities in the general population starts to explain the growing FAI market. This growing interest in FAI disease is clearly evidenced in the number of publications that have steadily grown to over 1500 publications in the medical and scientific literature in the previous year alone.


*Raveendran R, Stiller JL, Alvarez C, Renner JB, Schwartz TA, Arden NK, Jordan JM, Nelson AE. Population-based prevalence of multiple radiographically-defined hip morphologies: the Johnston County Osteoarthritis Project. Osteoarthritis Cartilage. 2018;26(1):54-61


(source)


Along with FAI, other conditions such as trauma, osteonecrosis, and joint deformity add to the young patient population in need of alternatives to hip replacement. As a result, patients and surgeons alike are seeking techniques and procedures for joint preservation.


Defining the market further, there are approximately 1 million adults in the U.S. under the age of 65 who have severe hip pain due to arthritis (OA).1 Yet, only 1 out of 5 of these patients will elect to have a hip replacement.2 The current hip replacement market size in the U.S. is valued at $2.3B and is growing at a CAGR of 5.3% between 2021-2028.3 The approximate 50% of these patients who are under 65 years of age plus the 80% of patients who currently do not elect a hip replacement define the potential market opportunity for CytexOrtho’s implant. Assuming only a modest 20% of this patient population can be addressed by CytexOrtho’s technology, the market potential is in excess of $1B US dollars.4


*Products are in development. This is potential future technology and not approved by the FDA and not commercially available.


Beyond these initial entry points, Cytex implants could be used for the restoration of other joints, specifically the knee and ankle, both of which carry significant market potential.


1. Information for internal marketing research provided by the Center for Disease Control and the Arthritis Foundation. (source)

2. Based on the article Singh JA, Yu S, Chen L, Cleveland JD. J Rheumatol. 2019;46(9):1134-40.

3. Hip Replacement Market Size, Share & COVID-19 Impact Analysis, By Procedure (Total Replacement, Partial Replacement, and Revision & Hip Resurfacing), By End-User (Hospitals & Ambulatory Surgery Centers, Orthopedic Clinics, and Others) and Regional Forecast, 2021-2028. Report ID: FBI100247. (source)

4. Information based on internal research conducted by CytexOrtho.

Our Traction


Our Cutting-edge IP is Patented, With Clinical Studies Beginning Next Year

Given the novel nature of our implant, CytexOrtho has been intentional about developing an intellectual property portfolio to protect its interests, particularly in the United States, but also in strategic countries throughout the world where the market is large for innovative medical products and procedures. In the U.S., we have secured five different patents that cover the technology, cartilage repair processes, and surgical methods for resurfacing joints, providing us with an advantageous market position inside this untapped industry.



Our diligence has already paid off. With more than $17 million in non-dilutive funding, CytexOrtho is poised to take the next step, which is patient trials. We are currently preparing for the FDA IDE submission that will enable our first clinical trial, scheduled for next year.

Why Invest


CytexOrtho is Committed to Helping Millions Living with OA

CytexOrtho’s groundbreaking surgical implant is one of the first viable solutions to give the millions of patients suffering from hip disease hope for a better life.


We have the tech, team, and traction to innovate in an untapped hip preservation market within the orthopedic surgery space. Moreover, we believe the versatility of our implant will make it the go-to treatment option for those suffering from joint damage and OA.


With the targeted amount of funds we are seeking to raise in the short-term, we expect to continue to drive and expand the hip implant indication and use, while extending our product portfolio to other joints as well.


*Paul Beaulé is on the Clinical Advisory Board for CytexOrtho.


Join us on our journey to revolutionize osteoarthritis treatment, and become a shareholder in CytexOrtho today.


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ABOUT

HEADQUARTERS
2609 N. Duke Street, Suite 303A
Durham, NC 27704
VALUATION
$18.18M

CytexOrtho is a healthcare startup that is developing technology and solutions for younger patients with hip pain to address early joint degeneration. The company’s lead product is a cutting-edge biodegradable medical implant that restores joint cartilage and bone instead of replacing it with artificial materials found in a total joint replacement. While this product is not yet commercially available, CytexOrtho is currently preparing for an FDA IDE submission to begin clinical trials for it and expects to begin these trials in 2023.

TEAM

Bradley Estes, PhD
Bradley Estes, PhD
CEO

Brad has held various research and development positions in the medical device industry in addition to acting as a consultant for both small, start-up and large, established medical device companies. Brad started his career in the orthopedic division of Medtronic and spent almost a decade commercializing products in key growth markets, including products with difficult regulatory paths. In total, he has over 25 years of industry experience in medical device design, research and development of orthopedic devices, FDA interactions for the purposes of regulatory approvals, and launching novel orthopedic inventions from lab to marketplace. Dr. Estes leads the Cytex team in applying regenerative medicine techniques to novel solutions for unmet needs in orthopedic medicine. Dr. Estes is an inventor with over 50 patents associated with medical devices. Dr. Estes earned a Ph.D. in Biomedical Engineering from Duke University.

Franklin Moutos, PhD
Franklin Moutos, PhD
VP Technology

Frank is also one of the co-founders of CytexOrtho. He has an extensive background and experience in medical applications of textiles and biomaterials, specifically those used in medical devices. Dr. Moutos has been involved in the development of new technologies for the treatment of osteoarthritis and related degenerative joint diseases using various biomaterials, stem cells, and gene therapies. During his pursuit of his Ph.D. while conducting various research in tissue regeneration, Frank helped develop the woven textile methods and processes that are now incorporated into the novel, CytexOrtho 3D printed implant. Dr. Moutos is a multiple patent holder, and he received his Ph.D. in Biomedical Engineering from Duke University.

No Social Media accounts

Farshid Guilak, PhD
Farshid Guilak, PhD
Board Chair, Co-founder

Farsh is a Professor of Orthopaedic Surgery at Washington University, Director of Research for the St. Louis Shriners Hospitals for Children, and co-director of the Washington University Center of Regenerative Medicine. His laboratory is currently pursuing a multidisciplinary approach to investigate the etiology and pathogenesis of various musculoskeletal diseases – particularly arthritis – as a basis for developing new bioengineering-based therapies. He has published over 300 articles in peer-reviewed journals and has co-edited four books. He is the past-president of the Orthopaedic Research Society and former editor-in-chief of the Journal of Biomechanics. He has won several national and international awards for his research. In addition to his many academic responsibilities, Dr. Guilak is the current Chairman of the Board at CytexOrtho.

Dave Nolan

Dave Nolan

Non-executive Director

Dave is a results-oriented leader with over 20 years of business development experience. Formerly of Zimmer Biomet, Dave successfully executed organic and inorganic growth strategies to deliver strong operating performance and stock price appreciation. Mr. Nolan provides key business development experience to the CytexOrtho Board of Directors due to his in-depth knowledge of domestic and international sales and operations and significant experience in strategic planning, financial management, mergers and acquisitions, and business integration.

No Social Media accounts

Barry Myers, MD, PhD

Barry Myers, MD, PhD

Non-executive director

Barry has considerable experience in both business and academic leadership. In addition to his current roles as an Executive-in-Residence at Pappas Ventures and as a Professor of Biomedical Engineering at Duke, Dr. Myers maintains an active consulting practice, advising clients concerned with product safety. He is recognized as a world leader in injury research and product safety, with over 100 publications. Rounding out this experience, he has also served as past Managing Director of the Duke Office of Licensing and Ventures. Dr. Myer's scientific and business background add significant insight for both product and business development as a member of the Board of Directors at CytexOrtho. 

Christine Estes

Christine Estes

Director of Business and Finance

Christine oversees daily business operations, finance, and federal compliance efforts. Ms. Estes has over 10 years of experience in financial management and has held various positions in small and large businesses, including software consulting, management training, tax preparation, and human resource roles. Ms. Estes has extensive training and acquired expertise in federal grants management and holds a B.S. in Mathematics from Vanderbilt University.

Vincent Willard, PhD

Vincent Willard, PhD

Director of Research

Vince has extensive experience in molecular and stem cell biology toward developing engineered cartilage with specific genetic, biochemical, and mechanical properties. At CytexOrtho, Dr. Willard spearheads research efforts on current and next generation technology. Through his 15+ years of research experience, Dr. Willard has led numerous interdisciplinary teams to complete projects in a variety of bioengineering subjects including articular cartilage and fibrocartilage biology and tissue engineering, orthopaedic tissue biomechanics and interspecies comparisons, pluripotent stem cell differentiation, and gene therapy. Dr. Willard earned his Ph.D. in Biomedical Engineering from Rice University.

Nikhil Gheewala, PhD

Nikhil Gheewala, PhD

Director of Product Development

Nikhil has over 15 years of experience in tissue engineering research and product development in both academic and small business environments. In his current position at CytexOrtho, he draws upon his R&D experience in controlled GLP, GMP and cGMP quality system environment to drive complex products through preclinical and clinical translation towards commercial manufacturing. Nikhil received his Ph.D. in Bioengineering from Rice University.

Laura Tormey

Laura Tormey

Manager of Product Development

Laura has significant engineering experience in the biotechnology industry with expertise in development and manufacturing of polymer-based devices for clinical applications. She also has extensive experience developing and validating systems for manufacturing and quality control of polymer structures. In her role at CytexOrtho, she draws upon these experiences to design manufacturing processes and quality procedures to produce scaffolds (our implants) that support cartilage tissue growth in pre-clinical and human studies. Laura has a BS in Mechanical Engineering from the University of Alaska, and she is currently pursuing a MNAE (Masters of Nanoengineering) at North Carolina State University.

Tara Boykin

Tara Boykin

Administrative Assistant

Tara serves a variety of roles at CytexOrtho including bookeeping, report and documentation preparation, and office support. Ms. Boykin has 10+ years of experience in areas of data management, payroll administration, research finance, records management, and financial and accounting software.

TERMS

CytexOrtho
Overview
PRICE PER SHARE
$2
DEADLINE
Jan 25, 2023
VALUATION
$18.18M
AMOUNT RAISED
$329,022.12
Breakdown
MIN INVESTMENT
$250.00
MAX INVESTMENT
$100,000.00
MIN NUMBER OF SHARES OFFERED
5,000
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Series B-CF Non-Voting Common Stock
MAX NUMBER OF SHARES OFFERED
535,000

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Cytex Therapeutics, Inc.

Corporate Address

:

2609 N. Duke Street, Suite 303A, Durham, NC 27704

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Series B-CF Non-Voting Common Stock

Minimum Number of Shares Offered

:

5,000

Maximum Number of Shares Offered

:

535,000

Price per Share

:

$2.00

Pre-Money Valuation

:

$18,183,464.00











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus Share info below.

Time-Based:

Friends and Family Early Birds Bonus

Invest within the first 72 hours and receive 20% bonus shares. Please note that bonus shares are not cumulative with later time-based bonuses.

Super Early Bird Bonus

Invest within the first 7 days after launch date and receive 15% bonus shares. Please note that bonus shares are not cumulative with later time-based bonuses.

Early Bird Bonus

Invest in the second week after launch and receive 10% bonus shares.

Amount-Based:

Tier 1 | $500-$999

Investor’s Club membership, which provides quarterly updates

Tier 2 | $1,000-$1,999

Receive 5% Bonus Shares + Investor’s Club membership

Tier 3 | $2,500-$4,999

Receive 10% Bonus Shares + Investor’s Club membership. Please note that bonus shares are not cumulative with lower tier bonuses.

Tier 4 | $5,000-$9,999

Receive 15% Bonus Shares + Investor’s Club membership. Please note that bonus shares are not cumulative with lower tier bonuses.

Tier 5 | $10,000-$24,999

Receive 20% Bonus Shares + Investor’s Club membership + meet the founders on a video call (or in person at investor expense). Please note that bonus shares are not cumulative with lower tier bonuses.

Tier 6 | $25,000+

Receive 25% Bonus Shares + Investor’s Club membership + meet the founders on a video call (or in person at investor expense). Please note that bonus shares are not cumulative with lower tier bonuses.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Cytex Therapeutics, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine investors will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 1000 shares of Series B-CF Non-Voting Common Stock at $2.00 / share, you will receive 1100 shares for $2000. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

Important Provisions in your Subscription Agreement

Pursuant to the subscription agreement the Company may require Investors to establish an account with StartEngine Primary LLC so that the Securities can be recorded on the books of the Company as being held by the StartEngine Primary, LLC as “Nominee” in omnibus as legal holder of record of the securities. If this election is made Investors will appear on the books of the Nominee as the beneficial owner of the Securities. Each Investor agrees that in the event it does not provide information sufficient to effect such arrangement in a timely manner, the Company may repurchase the Securities at a price to be determined by the Board of Directors. Each Investors further agrees to transfer its holdings of securities issued under Section 4(a)(6) of the Act into “street name” in a brokerage account in Investor’s name, provided that the Company pay all costs of such transfer. Each Investor agrees that in the event it does not provide information sufficient to effect such transfer in a timely manner, the Company may repurchase the Securities at a price to be determined by the Board of Directors.

The subscription agreement also includes drag-along provisions which limit holders of Securities from voting against or exercising appraisal rights in the event of a change in control of the Company meeting the conditions of the drag-along provisions.  

In addition, your subscription agreement provides that, notwithstanding anything contained in the Organizational Documents to the contrary, if the Board of Directors determine in good faith that issuance or delivery of shares of capital stock or other securities (the "Future Securities") to any investor in connection with any recapitalization or change in control of the Company, irrespective of whether it is related to the exercise of any drag-along provisions set forth in the Organizational Documents, would violate applicable law, rule or regulation (including without limitation applicable state law or the Securities Act), then your right to receive the Future Securities (or to make a choice about the form of consideration to be received in such transaction) may be limited and you may be required to accept a cash payment equal to the fair market value of such Future Securities, as determined in good faith by the Board of Directors.

Please review the subscription agreement you will sign in connection with this offering and Company’s Charter and Bylaws (the “Organizational Documents”) for more information. A copy of the Organizational Documents in included as an exhibit.

Irregular Use of Proceeds

The Company may change the intended use of proceeds if our officers believe it is in the best interests of the company. The Company has full discretion to alter the use of proceeds set forth above to adhere to the Company’s business plan and liquidity requirements. For example, economic conditions may alter the Company’s general marketing or general working capital requirements. If we raise more than $2.5 million from this offering in combination with other financings between December 6, 2022 and December 6, 2023, we will be required to repay all or a portion of the outstanding balance on our NC Biotechnology Center loan. These payments may not be triggered by this offering so are not reflected in our discussion of Uses of Proceeds. Some of the proceeds from this fundraising event will be used to pay the salaries of the Company’s executives, officers, and directors along with the rest of its employees. The salaries for these positions vary, but currently fall in the range of $50,000 - $150,000 per year. Some of the proceeds may also be used to pay stipends to our Independent Directors. Independent Directors’ stipends are anticipated to be approximately $10,000 per year. As discussed above, we compensate our executive officers and members of our board of directors and have entered into service contracts with these individuals. The Company has been primarily grant funded since its inception. Due to the nature of grant awards, only a very limited amount of these awards may be used to pay staff salaries, as the majority of each award is intended to fund research endeavors. Because of this, the Company is in need of additional capital to support the salaries of all of its staff, which includes some employees who are also executives, officers, and directors. Therefore, some of the proceeds from this fundraising event will be used to pay the salaries of the Company’s executives, officers, and directors along with the rest of its employees. The salaries for these positions vary, but currently fall in the range of $50,000 - $150,000 per year and may be supplemented with an additional annual bonus equaling 10-15% of annual salaries. Some of the proceeds may also be used to pay stipends to our Independent Directors. Independent Directors’ stipends are anticipated to be approximately $10,000 per year. The Company will also use the proceeds of this fundraising event to pay its vendors, some of whom will be paid in excess of $10,000. These vendors may provide research services to support the advancement of the Company’s products towards commercialization, or they may provide other products or services that the Company needs to conduct business, such a lease payments, health insurance for the Company’s staff, intellectual property fees, or fees to StartEngine.










PRESS

Article Image
Resurfacing implant restores hip-joint function

A dissolving implant containing cartilage derived from stem cells has been shown to reduce pain and restore hip-joint function to baseline levels in a study of dogs with moderate osteoarthritis.

Article Image
AAOS-American Association of Orthopedic Surgeons

The American Academy of Orthopedic Surgeons (AAOS) named Farshid Guilak, PhD, Kappa Delta Elizabeth Winston Lanier Award recipient for research in functional cartilage engineering for total joint resurfacing

Article Image
WRAL TechWire

Startup Spotlight: Hip surgery breakthrough is mission of Durham-based CytexOrtho

Article Image
NC State NEWS

Cartilage Resurfacing Implant Reduces Pain, Restores Hip Joint Function in Dogs the Title of the Article Here










ALL UPDATES

12.06.22

Webinar with CytexOrtho cofounders next week!

Join us as we talk about why we are here, and where we are headed next. We look forward to answering your questions!

Sign up today using the following link: https://tinyurl.com/cytexorthowebinar

11.29.22

Free webinar with CytexOrtho cofounders!

Sign up today using the following link: Link to Register

11.23.22

Happy Thanksgiving!

11.22.22

Successful meeting with FDA and help us push to 200 new shareholders!

Just wanted to take a few minutes to give you guys an update on what’s happening here at CytexOrtho.


  • Earlier this month, our team met with the FDA for another meeting to discuss tests we are running on our implants. We had a great meeting with the FDA, and the good news is that we received the feedback we were looking for and are still on track for clinical trials starting in 2023!


  • Since we launched our crowd funding campaign a little over 3 weeks ago now, we’ve raised over $300k, almost 1/3 of our goal, and, at the time of this writing, we have added 144 new investors as shareholdersOur next goal is 200 new investors!! Adding more investors helps spread the word about what we’re doing and the difference we’re trying to make for those suffering from early hip disease. Please help us by telling your friends and colleagues! As a reminder, we can be found at on FacebookTwitterLinkedIn, and Instagram.


Thank you for your support and for joining us on our journey to offer treatment options for so many young patients searching for answers other than a total joint replacement. Your investment is enabling us to move our technology towards the clinic – you are making a difference!

- The CytexOrtho Team


11.11.22

CytexOrtho adds another patent to our portfolio!

We’re excited to share with you that we just received our first Japanese patent for our technology for our patent application entitled, “Articular Cartilage Repair”! This is an important patent in our portfolio as Japan is one of the largest orthopedic markets in the world and the third largest market for US medical devices after the US and China (where we already have issued patents). As the population in Japan ages, many want to remain active, so this is a market that is ripe for the types of products CytexOrtho is developing.

 

CytexOrtho currently has 6 issued US patents and 13 international patents in key locations in Europe and Asia. Protecting our intellectual property is critical for us as we grow because joint disease is a global problem, and CytexOrtho is in great position to protect our technology in strategic areas around the world.

 

Thanks for joining us on our journey!

 

- The CytexOrtho Team

11.09.22

We're off to a great start!

We wanted to reach out to our investors and followers with a heartfelt THANK YOU for a great start to fundraising here on StartEngine. We have over 120 investors in just over a week of being live, and we have seen a spike in the number of people reaching out to us at CytexOrtho with personal stories of the need for new treatment options in this space.


We also wanted to share some cool images of cells interacting with our implant! Keep in mind that our first product is acellular - the implant is made of a polymer material only with no added cells. Cells are provided by the patients own body after surgery and during the healing process. The images below shows cells (in green) moving into the top layers of CytexOrtho's implant (in red). These cells develop functional tissue to replace the damaged cartilage. The implant will eventually dissolve. 


We're trying to offer game changing technology for young patients with early hip disease  - thank you for joining us!


- The CytexOrtho Team



11.01.22

NIH awards CytexOrtho $1.2 million for manufacturing development of next-gen implants

We are pleased to announce that we recently received a grant award for $1.2M from the National Institute of Health (NIH) for the manufacturing development for our next generation implants!


While we push towards commercialization of our first-generation implants, the team at CytexOrtho hasn’t stopped innovating to develop improvements to our technology. This award from the NIH funds the development of the manufacturing process for these next-gen implants. You might wonder why this is so expensive, and that’s a great question! Manufacturing at a commercial-grade scale is difficult and requires iteration and lots of testing. Sometimes, a technology can be so new that the manufacturing systems we need for large scale manufacturing don’t exist yet, and that’s true for our technology! We are grateful to the NIH, and specifically the National Institute of Arthritis and Musculoskeletal and Skin Diseases for their continued support to enable the translation of our ideas to the clinic!



- The CytexOrtho Team

 


*Research conducted in this project is supported by the National Institute of Arthritis and Musculoskeletal snd Skin Diseases of the National Institutes of Health under Award Number SB1AR066439. This study is solely the responsibility of CytexOrtho and does not necessarily represent the official views of the National Institutes of Health.

10.31.22

Last chance for 15% bonus shares!

Wednesday, November 2, is your last opportunity to receive 15% bonus shares when you invest in CytexOrtho. This is in addition to any StartEngine Owner's Bonus for which you may be eligible. Don't wait! Invest today.

Also, don't forget to share information about us on social media. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Then spread the word!

We're so grateful for all of you. Thanks for your support!

- The CytexOrtho Team


10.27.22

CytexOrtho - Offering now live!

We are so happy to be live here on StartEngine! This year has been tremendously exciting for us at CytexOrtho. We’ve made a ton of progress on developing our hip implant – from R&D, to manufacturing, to regulatory considerations, we’ve been in the thick of it and are on track for first-in-human clinical trials next year for our cutting-edge cartilage regeneration implant!

With the capital we raise here, we hope to support our clinical trial, pushing this next step toward commercialization of our award winning technology forward. We want you to feel comfortable that you have the information you need to make a decision about investing in CytexOrtho, so please feel free to ask us any questions you may have in the Discussion section of this page!

I also want to draw your attention to the potential for bonus shares in our offering. There are some great perks for those of you who invest early, so please take advantage of the bonus offering. We're still in the 72 hour window where your investment receives 20% bonus shares!

Also, please share our announcement on social media. Follow us on FacebookTwitterLinkedIn, and Instagram. Then spread the word!



10.27.22

Over $55K raised in 24 hours!

We are so excited and grateful to announce we have raised over 55 THOUSAND dollars in just 24 hours on Start Engine. Thank you to all who have invested and those of you who have shared about our company and our mission with your family, friends, and colleagues! We are excited to have reached this first milestone, and we look forward to continued success here on StartEngine.











Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into CytexOrtho.

$250.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$500.00

Tier 1

Investor’s Club membership, which provides quarterly updates

$1,000.00

Tier 2

Receive 5% Bonus Shares + Investor’s Club membership.

$2,500.00

Tier 3

Receive 10% Bonus Shares + Investor’s Club membership. Please note that bonus shares are not cumulative with lower tier bonuses.

$5,000.00

Tier 4

Receive 15% Bonus Shares + Investor’s Club membership. Please note that bonus shares are not cumulative with lower tier bonuses.

$10,000.00

Tier 5

Receive 20% Bonus Shares + Investor’s Club membership + meet the founders on a video call (or in person at investor expense). Please note that bonus shares are not cumulative with lower tier bonuses.

$25,000.00

Tier 6

Receive 25% Bonus Shares + Investor’s Club membership + meet the founders on a video call (or in person at investor expense). Please note that bonus shares are not cumulative with lower tier bonuses.

JOIN THE DISCUSSION













0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

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DIVERSE INVESTMENTSInvest in over 200 start-ups and collectibles!

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