More Than $500K in Prizes on the Line for Four Startups

It’s down to just four companies in the 2017 MedTech Innovator $500K Competition, whittled down from a field of almost 600 companies. The finalists, which emerged from the 20-company MedTech Innovator Accelerator, will vie for the top prize next week. Representatives from each company will pitch to an audience and judging panel during a session at The MedTech Conference in San Jose, CA on September 26. The panel of judges, which includes leaders from Johnson & Johnson, Baxter Ventures, Becton Dickinson, and Kaiser Permanente Ventures, will ask questions before the session audience casts their votes. The medical technology company that claims the top spot will win a $350,000 cash prize and the other three finalists will secure smaller cash prizes, according to a press release about the finalists. The finalists are Abreos Biosciences, Allotrope Medical, Day Zero Diagnostics, and Selio Medical. Abreos Biosciences, a San Diego company, has developed its Veritope platform of laboratory and point-of-care tests to help clinicians determine personalized dosing recommendations for biologics. The Veritopes are expected to be commercialized as CLIA laboratory-developed tests. Allotrope Medical wants to prevent ureter injuries during abdominal and pelvic surgeries. The Houston, TX-based company has developed a single-use handheld device that uses electrical stimulation to identify the ureter during a surgical procedure. The company’s current timeline anticipates commercialization...
Source: MDDI - Category: Medical Devices Authors: Tags: Medical Device Business Source Type: news