Tuesday, January 19, 2021

A.D.A.M. Biotech Company is shutting down

Must Read

Hack Shifts Social App Control to its Top-Ranked Video Creator

Accurately predicting social media’s toxic voyeurism and greed, sci-fi graphic novel Contraband Financial Times says “evokes shabby world of...

PROMOTIONAL EVENT STUDIO 8 EARBUDS

New Jersey, United States, January 18, 2021,  ZEXPRWIRE,, Gamers and music lovers alike all seem to agree on one...

LEGEND Recordings Announce Multi-Year Extension with INgrooves Music Group

LEGEND Recordings signs a multi-year, lucrative, extension with INgrooves Music Group Cleveland, OH, January 18, 2021, ZEXPRWIRE, Tucked away in...

CT, USA, January 4, 2020, ZEXPRWIRE,The A.D.A.M. Company (Advanced Development of Additive Manufacturing) and the startup with the same name, which was created to work in the field of 3D-bioprinting of bones, announces termination of all its operations. The management promises employees and suppliers to pay all debts accumulated in recent months. According to the decision made by the management, the money of the investors will not be returned.

This was announced by Denys Gurak, who is the CEO of the A.D.A.M. Company.

“The management of the company and the A.D.A.M. startup failed to implement the tasks and reach the goals, which were set by themselves, and which they promised to fulfill. After almost two years, we don’t even have a ready-made prototype of the products. We were also hindered by the situation that has developed with the appearance of COVID-19 in the world, debts, and numerous lawsuits from former employees and investors in Ukraine and the USA. In recent months, A.D.A.M. management has been looking for additional sources of investment and wanted to attract new investors. The company moved to the Technology Incubation Program (TIP) facilities at the University of Connecticut (Farmington, CT), but it couldn’t solve all the problems in the field of funding. We had several meetings with potential investors, but we were unable to convince them to invest in our development at the initial stage. Therefore, we decided to close our startup,” Denys Gurak said.

Denys Gurak also confirms information published by Ukrainian journalists at AIN.ua about serious problems at Kwambio and hopes that debts to employees will be repaid next year, while lawsuits in Ukraine will be settled.

As reported, in 2019, a Ukrainian startup working in the field of 3D printing Kwambio announced a new project. It was called the A.D.A.M Project and intended to work in the field of printing of human bones suitable for implantation. The project attracted seed funding from WeFund Ventures. It’s worth noting that Denys Gurak is also a partner at WeFund Ventures.

Media contact:
Denys Gurak
CEO and Co-Founder at A.D.A.M
[email protected]
https://adamproject.org
+1(860)796-69-76
UConn Technology Incubation Program,
400 Farmington Avenue, CT 06032, USA

The post A.D.A.M. Biotech Company is shutting down appeared first on Zex PR Wire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

Hack Shifts Social App Control to its Top-Ranked Video Creator

Accurately predicting social media’s toxic voyeurism and greed, sci-fi graphic novel Contraband Financial Times says “evokes shabby world of...

PROMOTIONAL EVENT STUDIO 8 EARBUDS

New Jersey, United States, January 18, 2021,  ZEXPRWIRE,, Gamers and music lovers alike all seem to agree on one...

LEGEND Recordings Announce Multi-Year Extension with INgrooves Music Group

LEGEND Recordings signs a multi-year, lucrative, extension with INgrooves Music Group Cleveland, OH, January 18, 2021, ZEXPRWIRE, Tucked away in...

Scientists Complete Invention of Reglo, Innovative Multipurpose Glove Primed to Eliminate Carpal Tunnel Syndrome

Market experts expect Reglo to be a gamechanger among pianists, gamers, programmers, and fitness enthusiasts with the new invention...

20 years old Austrian guy new content creator of 10 million follower page

New Hampshire, USA,  January 18, 2021, ZEXPRWIRE, For years one of the biggest meme pages on Instagram, @wild.video, was based...

Dhyana – Guided Meditation App Aims To Make This World a Positive Place

Telangana, India, January 17, 2021, ZEXPRWIRE, Meditation is becoming increasingly popular around the world and there’s a growing number of...

Moochie‌ ‌The‌ ‌Soochie‌ ‌Visits‌ ‌The‌ ‌Peace‌ ‌People‌

California, USA, January 17, 2021, ZEXPRWIRE, Quinton Douglas Crawford promotes global understanding in children’s historical fiction book The author extends his...

“Mission Possible” Fundraiser Celebrates MidEast Peace With Art

New York, USA, January 17, 2021, ZEXPRWIRE, “Mission Possible” is celebrating the Abraham Accords with the release of it’s #Peaceineverylanguage” series....

Enzyme Environmental Solutions Inc. (OTC:EESO) Acquires Ice Storm Marketing LLC

California, USA,  January 15, 2021, ZEXPRWIRE, Enzyme Environmental Solutions Inc. (OTC:EESO) is pleased to announce that it has acquired Ice Storm...

Kredit Pintar: Aplikasi Pinjaman Online Terpercaya, Cepat Cair

Jakarta, Indonesia, January 15, 2021, ZEXPRWIRE, Kredit Pintar adalah aplikasi pinjaman online terpercaya yang resmi terdaftar dan diawasi Otoritas...

Business News