AdvanSource Biomaterials Corporation

What AdvanSource Biomaterials Corporation does

AdvanSource Biomaterials Corporation is an ISO-certified specialty materials technology company that develops and sells proprietary medical-grade polymer materials for implantable medical devices, surgical instruments, and pharmaceutical packaging. The company is a wholly-owned subsidiary of Mitsubishi Chemical America, Inc., within the Mitsubishi Chemical Group Corporation, and trades publicly on the OTC Pink market under the symbol ASNB. AdvanSource serves medical device OEMs, surgical instrument producers, and pharmaceutical packaging companies through direct B2B sales channels, with quote-based custom pricing and multi-year contracts typical of the medical materials supply chain.

The company's product portfolio is organized into two main lines: implantable applications (long-term products such as ChronoFlex C, ChronoFlex AL, ChronoFlex AR/LT, ChronoSil, and the newly launched ChronoFlex S ultra-soft 60A TPU; short-term products including PolyBlend, ChronoPrene, ChronoThane P, and ChronoThane T) and medical coatings (HydroMed lubricious polyurethane coatings and HydroThane hydrophilic materials). Underlying technologies span polycarbonate-based TPUs engineered for environmental stress cracking resistance in long-term implants, polyether-based polymers for short-term implantables, and hydrophilic coatings achieving water contents approaching 90% for lubricious device surfaces. The April 2026 launch of ChronoFlex S extends the portfolio into a previously unfilled 60A Shore hardness range without plasticizers, including 36% USDA-certified biobased content and temperature-responsive softening at body temperature.

The business model is B2B direct sales to enterprise medical device manufacturers, with revenue generated from one-time license-style sales of raw polymer materials rather than finished devices. The company supports go-to-market with downloadable technical data sheets for each product grade, an ISO 13485 certificate, and direct customer contact via phone, email, and a website inquiry form segmented by application topic. With 11-50 employees and a single disclosed office in Wilmington, MA (alongside Mitsubishi Chemical America's Charlotte, NC regional headquarters), AdvanSource operates as a focused niche materials business that benefits from its parent's global chemical R&D infrastructure and integrated supply chain.

Name

AdvanSource Biomaterials Corporation

Legal name

Mitsubishi Chemical America, Inc.

Website

https://advbiomaterials.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

AdvanSource Biomaterials Corporation is an ISO-certified medical-grade polymer materials company and Mitsubishi Chemical subsidiary that develops proprietary TPU, polycarbonate, polyether, and hydrophilic coating brands (ChronoFlex, HydroMed, HydroThane, ChronoSil) for sale to medical device OEMs building implantable and coated devices.

Ownership category

akta.pro rank

Product category

Medical-Grade Biomaterials

NAICS

Resin and Synthetic Rubber Manufacturing (32521)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Specialty Polymers & Resins (Engineered Materials) (IMAEABAK)

akta.pro secondary industry

Coating & Adhesive Raw Materials (Resins, Additives, Solvents) (IMAEAGAK)

Keywords

• Medical-grade biomaterials
• Implantable polymer materials
• Medical device coatings
• Thermoplastic polyurethane
• Hydrophilic polyurethane coatings

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Medical-Grade Biomaterials Sales: Sale of proprietary polymer materials including TPUs, polycarbonate-based polymers, and polyether-based polymers for medical device manufacturing. Products sold directly to medical device manufacturers for use in implantable devices and disposable medical products.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

AdvanSource Biomaterials Corporation develops and sells proprietary medical-grade polymer materials — including polycarbonate- and polyether-based thermoplastic polyurethanes (TPUs), silicone-based elastomeric alloys, and hydrophilic coatings — used by medical device manufacturers to construct long-term and short-term implantable devices and to apply lubricious coatings that aid device insertion and removal. The portfolio is organized into Long Term, Short Term, Hydrophilic, and Medical Coating product families marketed under the ChronoFlex, ChronoSil, ChronoPrene, ChronoThane, HydroMed, HydroThane, and PolyBlend brands.

Product overview

AdvanSource Biomaterials is an ISO-certified materials technology company specializing in medical-grade materials for long- and short-term implants and disposable products. The portfolio consists of two main product lines: Implantable Applications (chronologically organized into Long Term products like ChronoFlex C, ChronoSil, ChronoFlex AL, ChronoFlex AR/LT, and ChronoFlex S; Short Term products including ChronoFlex C, ChronoFlex AR/LT, ChronoSil, PolyBlend, ChronoPrene, HydroMed, ChronoThane P, HydroThane, ChronoThane T; and Hydrophilic products HydroMed and HydroThane) and Medical Coatings (HydroMed lubricious polyurethane coatings). Products span polycarbonate-based TPUs for long-term implants, polyether-based polymers for short-term applications, and hydrophilic coatings for medical devices.

Differentiator

Problem solved

Functional benefit

Brands

• ChronoFlex: ChronoFlex is a brand of thermoplastic polyurethane (TPU) materials for implantable medical devices, including ChronoFlex C, ChronoFlex AL, ChronoFlex AR/LT, and ChronoFlex S (60A ultra-soft grade).
• ChronoSil
• HydroMed
• HydroThane
• PolyBlend
• ChronoPrene
• ChronoThane

Products and services

• ChronoFlex S Ultra-soft thermoplastic polyurethane (TPU) for long-term implantable medical devices, achieving 60A Shore hardness without plasticizers. Combines exceptional softness with high tensile strength, oxidative stability, and in-body conformability; contains 36% USDA-certified biobased content and softens at body temperature.
• ChronoFlex C Polycarbonate-based material designed for long-term implantable applications, displaying low modulus of elasticity, excellent solvent resistance, and limited softening in-vivo. Also offered for short-term implantable use.
• ChronoSil Silicone-based elastomeric alloy biomaterial for implantable medical device applications in both long-term and short-term implantation scenarios.
• ChronoFlex AL Polycarbonate-based material for long-term implantable applications with aluminum-enhanced properties.
• ChronoFlex AR/LT Specialized polycarbonate-based TPU designed for long-term and short-term implantable applications requiring enhanced durability.
• PolyBlend Polyether-based polymer ideal for short-term implantable devices, suitable for replacing rubber, silicone, or latex in various applications.
• ChronoPrene Polyether-based elastomeric alloy for short-term implantable devices with performance characteristics suitable for medical applications.
• HydroMed Hydrophilic polyurethane coating designed for medical devices requiring long-lasting lubricious coatings to aid device insertion and removal. Exhibits equilibrium water contents approaching 90% and adheres to metallic and polymeric substrates; supplied in solution grades with custom formulations available.
• ChronoThane P Polyurethane elastomeric material for short-term implantable applications.
• HydroThane Hydrophilic polyurethane coating and material with water absorption capabilities, available in extrudable and injection moldable grades for catheters, guidewires, introducers, and valves.
• ChronoThane T Polyurethane elastomeric material designed for short-term implantable applications.

Quantifiable outcome

• ChronoFlex S achieves 60A Shore hardness - one of the softest pure TPUs available, filling gap where materials were previously only available at 70A and above
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Mitsubishi Chemical Group CorporationcoreStrategic or Co-development PartnerAdvanSource Biomaterials operates as a wholly-owned subsidiary and materials technology company within Mitsubishi Chemical Group Corporation. As part of the larger Mitsubishi Chemical Group, AdvanSource benefits from group resources, global reach, and integrated R&D capabilities while maintaining focus on medical-grade biomaterials for implants and coatings.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Lubrizol Life Sciences: Lubrizol Life Sciences manufactures medical-grade TPUs, polycarbonates, and hydrophilic coatings for implantable and catheter-based devices, directly comparable to AdvanSource's ChronoFlex and HydroMed product lines.
• Covestro (Medical Grade Polymers): Covestro produces medical-grade polycarbonates and TPUs used in medical devices and implants, overlapping with AdvanSource's ChronoFlex C polycarbonate-urethanes and broader TPU portfolio.
• Wacker Chemie (Life Sciences silicones): Wacker supplies medical-grade silicones and elastomers for implants and device components, directly comparable to AdvanSource's ChronoSil silicone-based alloy offerings.
• Biomerics: Biomerics specializes in medical polymer components, including polyurethanes and specialty compounds for interventional and implantable devices, closely matching AdvanSource's implant-materials and coatings focus.
• DSM Biomedical (dsm-firmenich): DSM Biomedical supplies biomedical polymers including polyurethanes, polyethylene, and resorbable materials for long-term implants and coatings, competing head-to-head with AdvanSource's specialty polymer portfolio.
• Eastman Chemical (Specialty Plastics): Eastman manufactures medical-grade copolyesters and specialty polymers for medical devices and packaging, comparable in regulatory positioning to AdvanSource's medical-grade portfolio.
• Evonik Health Care: Evonik supplies medical-grade polymers including bioresorbable polyesters and specialty polyethers for implants and device coatings, comparable in application breadth to AdvanSource's polymer offerings.

Broad incumbents

• DuPont (Healthcare & Specialty Materials): DuPont supplies engineered polymers and biomaterials into medical devices and implants as part of a broader specialty materials portfolio, comparable in chemistry to AdvanSource's specialty polymers.
• BASF (Care Chemicals & Performance Materials): BASF is a large diversified chemicals producer supplying specialty polymers and polyurethane raw materials into medical device applications, competing broadly with AdvanSource but as part of a much larger portfolio.
• Avient (Specialty Engineered Materials): Avient (formerly PolyOne) produces specialty engineered materials including medical-grade elastomers and TPUs, competing broadly in the medical polymer space as a larger, diversified specialty compounder.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AdvanSource Biomaterials Corporation