West Michigan Biotech Startup Invests $1 Million In Medical Equipment Clinical Trials

PORT SHELDON - A biotech startup will use $1 million in capital to pay for preclinical trials on an innovation it has developed for use in orthopedic surgeries. Magnesium Development Co. LLC, operating out of a small office in Ottawa County’s Port Sheldon Township, uses an alloy material licensed from a Livonia company, Nano Mag LLC,