Who we are today
Bioretec Ltd. is a medical device company focusing on the development of strong, safe and reliable bioabsorbable and bioresorbable implants for pediatric and adult orthopaedics. Our products are used worldwide, and we continue to further develop materials and products for high load-bearing clinical applications.
Mission
Bioretec's mission is to introduce novel, innovative, high-quality absorbable surgical solutions that enable better patient healing, safety, and cost-efficiency in clinical care. Ultimately the company goal is to improve people's quality of life.
Vision
The Vision of Bioretec is to become a globally recognized medical device company and a leader in absorbable implants.
Values
Humanity = All our products are developed for improving the quality of life of people. This is the basis for all company operations. All company actions and operations follow high ethical and moral values.
Quality = We are committed to providing its customers with high-quality and safe products and services according to the latest requirements and standards.
Innovation = We position ourself as the innovator and technological leader of the market. Our team seeks constantly for new technologies and solutions that fulfil unmet clinical needs. The entire company staff is engaged in the task of developing and implementing ways to reach the organization's goals.
History
Bioretec’s roots go back to the 1970's, when Professor Pertti Törmälä started research at the Tampere University of Technology, which resulted in the world's first bioabsorbable implants to be used in orthopedic surgery. In 1985, he established Bioscience Ltd. to manufacture and commercialize bioabsorbable orthopedic medical devices. This led to Bionx Implants Inc. that was successfully listed in NASDAQ New York in 1997. Bionx Implants Inc. was acquired by Conmed in 2003.
The spin-off company, BCI Bioabsorbable Concepts Oy was formed in 1998, and its name was changed to Bioretec Ltd. in 2003.
In 2019 Bioretec Ltd. acquired BRI.Tech GmbH located in Graz, Austria, a company that successfully developed and patented a magnesium based novel biocompatible and bioresorbable metal composition.
Management Team
Timo Lehtonen
CEO
Minna Ahlstedt-Soini
Production Director
Rami Ojala
Sales and Marketing Director
Kimmo Lähteenkorva
Chief Technology Officer
Mari Ruotsalainen
Director, QA & RA
Johanna Salko
Chief Financial Officer
Esa Hallinen
Director of Operations
Board of Directors
Tomi Numminen, Executive Chairman of the Board of Directors
Over 20 years of life science industry experience including positions of trust. CEO and CFO positions LAB Pharma, Vivoxid, Corbion, ReBio Technologies and Bioretec Ltd.
Sarah van Hellenberg Hubar-Fisher, Member of the Board
Over 20 years of healthcare industry experience with a focus on MedTech, HealthTech and Public Health. Board Member and Venture Leader. Former Johnson & Johnson global innovation leadership.
Michael Piccirillo, Member of the Board
Partner at Valugen GmbH medical consulting. Former VP Nuvasive CPD and Executive Director of AO Spine and AO Trauma.
Päivi Malinen, Member of the Board
Over 20 years of securities market, financing transactions and M&A experience from financial sector, big4 company and law firms.
Kustaa Poutiainen, Member of the Board
MSc in Economics from Helsinki School of Economics, Stephen Industries Inc Oy, president and chairman of the board.
Scientific Advisory Board
Prof. Dr. Med. Klaus Dresing
Chairman of the SAB since 2021. Former Vice Director of the Department of Trauma Surgery, Orthopedics, and Plastic Surgery at Göttingen University Medical Center in Germany. Numerous earlier leadership positions in AO Foundation. He specializes in orthopedic trauma surgery.
Prof. Dr. Fan Liu
Member of the SAB since 2021. Chief and Professor in the Department of Orthopedic Surgery at the Affiliated Hospital to Nantong University in China. Prof. Dr. Vice President of the Chinese Orthopedic Association and the Chinese Association of Orthopedic Surgeons. He specializes in orthopedic trauma surgery.
Prof. Dr. Theddy Slongo
Member of the SAB since 2023. Head of Pediatric Surgery and Child Traumatology, University Hospital of Bern, Switzerland. Member and founder of AO Foundation’s Pediatric Expert Group and Chairman of the External Fixator expert group of AO Foundation. Specializing in pediatric orthopedic trauma.
Prof. Dr. Jeffrey Wang
Member of the SAB since 2023. Professor of Orthopedic Surgery and Neurosurgery, Co-Director of the USC Spine Center, University of Southern California, Los Angeles, USA. Numerous leadership roles, including AO Spine, the North American Spine Society NASS, the Cervical Spine Research Society, the American Academy of Orthopedic Surgeons. Specializes in spine surgery.
Dr. Richard Assaker
Member of the SAB since 2023. Professor in Neurosurgery, Hôpital Roger Salengro, Lille, France. Member of the French Society of Neurosurgery, the French Society of Spine Surgery, the Spine Societies of Europe SSE, the North American Spine Societies NASS, he International Educational Committee of the NASS, Chairman of the International education residents’ program. Specializes in spine surgery.
Prof. Dr. Stefan Rammelt
Member of the SAB since 2023. Professor and Head of the Foot & Ankle Section, University Center of Orthopaedics & Traumatology, University Hospital Carl Gustav Carus, Dresden, Germany. President, German Society of Biomaterials. Vice-President, German Foot & Ankle Society. Specializing in foot and ankle surgery.
Dr. Verena Schreiber
Member of the SAB since 2023. Pediatric Orthopaedic Surgeon, Nicklaus Children’s Hospital Orthopedic, Sports Health, and Spine Institute in Miami, USA. Member of the Pediatric Orthopaedic Society of North America, Orthopaedic Research Society, Orthopaedic Trauma Association, American Academy of Orthopaedic Surgeons, American Academy for Cerebral Palsy and Developmental Medicine. Specializes in pediatric orthopedic trauma.
Dr. Robert Leland
Member of the SAB since 2023. Clinical Assistant Professor in the Department of Orthopedics at the University of Colorado, USA. Member of the Colorado Medical Society, American Orthopaedic Foot and Ankle Society, American Academy of Orthopaedic Surgeons, and AO Alumni. Specializing in foot and ankle surgery.