The story
The 1970s and 1980s
In 1978, the Swedish health authorities approved the insertion of dental implants for clinical purposes, and Brånemark entered into a partnership with Bofors to industrialize his ideas and bring them to a broader market. A new company, Bofors Nobelpharma (later Nobelpharma), was founded in 1981 in Gothenburg, Sweden to commercialize Professor Brånemark's findings. The company launched a number of new products including abutments, drilling equipment and an instrument kit. In 1982, Brånemark presented his results at the Toronto Conference on Osseointegration in Clinical Dentistry. In the same year, the U.S. Food and Drug Administration (FDA) approved the use of titanium dental implants in the United States. In 1983, Dr. Matts Andersson developed the Procera® System of high-precision, repeatable manufacturing of dental crowns. This was a fully automated method for the industrial CAD/CAM production of dental prosthetics. Nobelpharma acquired the new technology in 1988.
After the FDA approval for titanium implants, in 1983, Nobelpharma USA Inc. was established. The company began selling the Brånemark System in the United States. Subsidiaries Nobelpharma Canada Inc. and Nobelpharma Japan Inc. were established in the same decade, along with other offshoots in France, Spain, Australia, Italy, Germany and the UK. The company made a profit for the first time in 1989. In this year, the Swedish National Board of Health and Welfare approved the Procera technique.
The 1990s
At the turn of the decade, osseointegration, as an observed process, was 25 years old. In 1990, Brånemark System was registered as a trademark in the US. In 1993, in need of further sources of funding to continue its expansion and growth plans, Nobelpharma was listed on the Stockholm Stock Exchange in 1994. In 1996, the company changed its name to Nobel Biocare. Nobel Biocare acquired the American implant manufacturer Steri-Oss Inc. in 1998. In the later part of the decade, Nobel Biocare opened a manufacturing plant in Mahwah, New Jersey, USA.
The new century
In 2002, the company changed its organizational structure by establishing a domicile in Switzerland with a newly founded group parent company. The primary listing of the shares was changed to the SIX SwissExchange (in 2008, the listing at the OMX Exchange in Stockholm was discontinued). In 2014, Danaher Corporation bought Nobel Biocare and as of 2015 is no longer listed on the SIX SwissExchange.
In July 2018, Danaher announced its intention to spin off its $2.8 billion dental segment into an independent publicly traded company. They named Amir Aghdaei, who at the time was President of Danaher's Dental Platform, to be President and CEO of the new company upon completion of the transaction. The corporate spin-off was completed in December 2019, with the new company called Envista Holdings Corporation.
From Wikipedia’s article on Nobel Biocare, shared under CC BY-SA 4.0.5
