TUCSON, Arizona – ZARSA, LLC (Dr. Hamid Saadatmanech, manager) purchased a 1,250-square-foot office condominium at Swan Corporate Center for $225,000 ($180 PSF) to owner occupy it for medical R&D.
Professor Hamid Saadatmanesh has a history of inventing new technologies for medical use. He invented a flexible carbon fiber fabric designed to assist with bone fractures when traditional casts are not viable. The fabric is inserted inside and around a fractured bone and when filled with an inert polymer to inflate the fabric, then acts as a permanent cast which cannot be rebroken.
Saadatmanesh, a professor in the College of Engineering, has already licensed technology he first developed from the University of Arizona and has started a company, MediCarbone, Inc., to commercialize the invention.
Saadatmanesh is already off to a successful start, having received investment funding from UAVenture Capital, a Tucson-based venture capital fund dedicated to the commercialization of discoveries, products, technologies and services emerging from the University of Arizona.
The invested funds from UAVC will support further development of the invention. The company’s product will require U.S. Food and Drug Administration approval for human trials, and plans to begin testing in animals in the fourth quarter of 2020.
“Hamid is a brilliant engineer who has used his entrepreneurial skills and imagination to solve significant worldwide issues through the creative use of carbon fiber. We see huge opportunities for both infrastructure repair and medical utilization of his inventions,” said Fletcher McCusker, CEO and founder of UAVenture Capital in a press statement.
Mark Hays with Tierra Antigua Realty represented the seller, Marks Limited Partnership in the condo sale and Bruce Suppes with CBRE represented the buyer.
For more information, Hays should be reached at 520.444.5401 and Suppes can be contacted at 520.323.5155.
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