$5 million Smith & Nephew investment to fund new CoEE
A global medical technology company has announced a $5 million investment in a new partnership with the University of South Carolina to fund the Center of Economic Excellence in Rehabilitation and Reconstruction Sciences.
The new Center will bring together USC, the Orthopaedic Research Foundation of the Carolinas (ORFC) and the Biologics & Spine division of Smith & Nephew Inc. to research and develop cutting-edge new orthopeadic therapies and technologies.
Representatives of Smith & Nephew Biologics & Spine, based in Raleigh-Durham, N.C.; the Orthopaedic Research Foundation of the Carolinas (ORFC), a non-profit foundation working with orthopaedic clinics including Steadman Hawkins; and university leaders announced the Smith & Nephew investment Tuesday (July 14) in Greenville and Columbia.
Smith & Nephew Inc. is a subsidiary of Smith & Nephew plc, (NYSE:SNN;LSE:SN), which is headquartered in the United Kingdom. Its $5 million investment matches $5 million appropriated to the Rehabilitation and Reconstruction Sciences Center through the S.C. Centers of Economic Excellence (CoEE) Program in 2007.