German NnBU looks to fund newborn device dev with cryptocurrency offering

German medical device maker NnBU Holdings is looking to support the development of its device designed to improve outcomes for babies delivered by Caesarean-section through an unusual path – the company this week revealed plans to raise $18.5 million (EU €15 million) through an “Initial Coin Offering.” The NnBU device in development is designed to massage the torso of C-section newborns to stimulate the positive stresses of natural birth, and focuses light on the baby’s fontanel to create a “comfortable waking process for the newborn baby,” the company claims. The company said that conceptual design of the system has been completed. The NnBU baby care unit uses blockchain technology, the company said, and incorporates three functions into the blockchain which include insuring appropriate operator training, a security feature to limit maintenance to qualified individuals and recording of the exact treatment received by each baby to serve as research data. “I myself was born through caesarean section.  In my thirties I realized I was developing symptoms which studies have shown are connected to conditions typically experienced by a significant proportion of people born by C-section.  This is a superb initiative that allows people to get involved with a far-reaching, long-sighted, technological innovation that is set to improve health outcomes for many children for several decades to come,” NnBU CEO Frédéric Vo Van said in ...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Pediatrics nnbuholdings Source Type: news