A bioerodible bone cement system, the shelf-stability of which is maintained at a temperature which is below the freezing points of the components of the system and which, upon raising of the temperature of the system, forms a bioerodible polymeric semi-IPN alloy, said system comprising a first bioerodible polymer capable of producing acidic products upon hydrolytic degradation, a second bioerodible scaffolding polymer which upon crosslinking provides a biopolymeric scaffolding or internal reinforcement for said semi-IPN alloy, a crosslinking initiator and a crosslinking agent for said second bioerodible scaffolding polymer, wherein said system further comprises a therapeutically effective amount of a biologically active or therapeutic agent in a protective coating of a bioerodible polymer.