Eric Zimmerman United States

Excel Venture Management is a venture capital firm that was founded in 2008 and is based in Boston, Massachusetts. The firm has managed one fund with committed capital of $125 million, and the firm is currently raising the second fund. Excel Venture Management seeks to make equity investments into life science companies from early to late stages. The typical investment size ranges from $3 million to $ 5million. The firm plans to invest in 4-5 companies over the next 6-9 months and prefers to invest in companies based in US.

Year Founded
2008
Investor Type
Medtech Phase of Development
Capital Structure Preference
Investment Stage Preference
Excel Venture Management

Dr Adria Carbo United States

BioTherapeutics Inc. (BTI) is a pre-clinical stage company developing novel small-molecule drugs to treat inflammation associated with autoimmune related disorders and type 2 diabetes (T2D). We have identified an orally-active, first-in-class top lead compound that targets a unique and novel MoA: the LANCL2 pathway. Our top lead compound has demonstrated extremely positive efficacy in mouse models of both IBD and T2D and our preliminary toxicology data has confirmed that is safe at a very high dose and as a multiple dose for 14 days.

We just closed a very well funded seed round (NIH, CIT Gap Funds, other investments) and we are now looking to raise from $3 to $5M to generate IND enabling data and start human trials.

Biotherapeutics inc
LinkedIn logo Scientific Director 

Ashley (Wallin) Wittorf United States

The Advanced Medical Technology Association (AdvaMed), is a trade association that leads the effort to advance medical technology in order to achieve healthier lives and healthier economies around the world. AdvaMed represents 80 percent of medical technology firms in the United States and acts as the common voice for companies producing medical devices, diagnostic products and health information systems. AdvaMed members produce nearly 90 percent of the health care technology purchased annually in the United States and more than 40 percent purchased annually around the world. AdvaMed's member companies range from the largest to the smallest medical technology innovators and companies.

AdvaMed 2015 - October 5-7, San Diego - is the leading MedTech Conference in North America, bringing more than 1,000 companies together in a uniquely multifaceted environment for business development, capital formation, innovative technology showcasing, world-class educational opportunities and networking. An event rich in international flavor and featuring a deep, diverse attendee list that includes influential policy-makers, business executives and media, AdvaMed 2015 seeks to advance industry discussion from key perspectives through detailed panel sessions, executive forums and more. It is a “must-attend” event for any MedTech company.

Service Provider Type
Sector Interest
Medtech Phase of Development
Unique Capabilities

AdvaMed 2015 is the place where medical technology leaders meet for business development and investment opportunities.  Emerging medical technology companies connect with top industry decision-makers at AdvaMed 2015 to explore strategic business development and capital formation.

Corporate business development professionals and investors will:

  • Discover the latest medical technologies and innovations during the Innovation Showcase and the MedTech Innovator competition;
  • Gain insights into the key investment issues and industry trends during the Funding Forums and Business Development & Finance Panels.

Innovators and early-stage companies will:

  • Learn how to develop an actionable strategic plan in the Entrepreneurship Boot Camp;
  • Pitch their technologies to investors during the Innovations Showcase and explore strategic business development opportunities through MedTech Partnering.
AdvaMed
Executive Director, Emerging Growth Company Council 

Neil Ackerman United States

MyeloRx is a northern California based biotechnology company. Our lead compound, MRx102, is a small molecule inhibitor of RNA polymerase II. Molecules related to MRx102 have shown clinical efficacy in AML patients in Europe and China.  MRx102 is covered by issued composition of matter patents in the U.S., E.U., China and Japan.  While AML is the initial indication, MRx102 has also been found active in stringent models of pancreatic and lung cancer. Our collaborators include clinical oncologists from MD Anderson Cancer Center, JHU School of Medicine and City of Hope Medical Center. R&D activities have been funded primarily by a $2M NCI SBIR contract. Our strong scientific and management team is lead by Dr. John Musser; it has brought multiple products to market. We are seeking funding to complete an IND which is projected to take less than a year based on the extensive studies completed to date (manufacturing, formulation, toxicology/ PK in rats and dogs etc.)  and a Phase 1 clinical trial in AML patients.

 

Website:
www.myelorx.com
Year Founded
2007
Biotech Subsector
Technology Overview
The lead compound is termed MRx102. It is a prodrug of a purified natural product triptolide that has shown clinical activity in patients with acute myeloid leukemia (AML). Intellectual property MRx102 is covered by issued matter patents in the U.S., E.U., Japan and China. Molecular target The molecular target of the natural product, triptolide, is XPB, a subunit of the transcription factor TFIIH. Binding of XPB by triptolide leads inhibition of transcriptional activation resulting in the blockade of a number of signaling pathways that drive cancer cell proliferation. Safety Triptolide and earlier prodrugs of triptolide have shown toxicity in a variety of clinical studies. We therefore set out to design and develop a safe prodrug, viz. MRx102, using the learning from these earlier studies. In a direct comparative toxicology study performed in rats MRx102 was at least 20 times safer than triptolide. This was due to a favorable pharmacokinetic profile seen both in rats and dogs. Pilot toxicology/PK studies have been completed in rats and dogs; NOAELs have been determined in both species. Thought Leader Studies with MRx102 In collaboration with Dr. Michael Andreeff of the MD Anderson Cancer Center we demonstrated that MRx102 was extremely potent in killing human blast cell and stem cell populations from AML patients. The activity against the stem cell populations may indicate an activity in preventing relapse in these patients. MRx102 was likewise effective in a variety of in vivo xenograft models of AML. Dr. James Eshleman and his colleagues from the JHU School of Medicine have demonstrated the activity of MRx102 in killing pancreatic cancer cells having a variety of genetic abnormalities. Dr. Dan Raz of the City of Hope Medical Center has shown MRx102 effective in models of non-small cell lung cancer and identified a potential biomarker for susceptible cells. Current status MyeloRx has completed a $2M NCI Fast Track SBIR contract that enabled many preclinical activities required for an IND filing. Major remaining activities include the GMP manufacture of drug substance, performance of GLP toxicology in rats and dogs and then completion of the clinical plan for Phase 1 studies in AML and solid tumors. These could be completed to allow IND filing in less than a year.
Alliance & Collaborations
Option agreement for China territories
Current Financing Needs
$5-7M for IND filing/Phase 1 trial
Current Timeline
IND completion in less than one year
IP Status
Issued matter patents worldwide
Recent Milestones
Completion of tox/PK studies in rats/dogs
MyeloRx
Vice President Business Development 

Dr John Alam United States

EIP Pharma, LLC is a private company based in Cambridge, MA.  The company has licensed-in and is developing a phase 2 clinical-stage oral small molecule that targets neuroinflammation and dysfunction of microglia, the major immune-cell in the brain.

Human genetic and other biologic data strongly indicate inflammation & microglial dysfunction are one of the major drivers of late-onset Alzheimer’s disease (AD), and likely the major driver in patients with symptomatic disease.

VX-745 (the licensed compound) specifically inhibits intra-cellular enzyme p38 mitogen activated protein kinase alpha (MAPKa).  In the brain, p38 MAPKa is a major regulator of inflammation through effects on microglia. P38 MAPKa is also expressed in neurons, where it is directly involved in memory formation and synaptic plasticity. 

VX-745 readily enters the brain, with brain concentrations in pre-clinical studies being approximately two-fold higher than in peripheral blood.  VX-745 had previously been clinically evaluated in non-CNS disorders, where already has demonstrated anti-inflammatory activity in patients. The combination of blood-brain-barrier penetration and previous clinical experience with demonstrated anti-inflammatory activity uniquely positions VX-745 to target inflammation to treat Alzheimer’s and other CNS disorders in which inflammation plays a role.

EIP Pharma licensed VX-745 from the originator company, Vertex Pharmaceuticals, and conducted animal studies to re-position the compound towards disease of the brain, including AD.  Vertex had previously completed a full chronic toxicology program and had demonstrated significant clinical and anti-inflammatory activity in a phase 2a 12-week treatment study of VX-745 in rheumatoid arthritis (RA).  An Investigational New Drug (IND) application remains open at FDA.

The animal studies conducted by EIP Pharma have demonstrated pro-cognitive effects, anti-inflammatory and other pharmacologic effects of VX-745 in the brain.  These data combined with dose response data in prior animal and clinical studies, have been utilized to identify doses that are highly likely to have positive activity in human brain.  The predicted doses are 2- to 5- fold lower than the dose that demonstrated anti-inflammatory activity and was well tolerated in RA, consistent with VX-745 preferentially distributing to the brain in animals.  Importantly, these dose levels should minimize risks of systemic toxicity that otherwise have hampered development of p38 MAPK inhibitors for peripheral disorders.  The animal studies have also generated new intellectual property (IP), including issuance of a US patent on 15 April 2014 (#8,697,627) for the use of VX-745 to lower brain amyloid plaque load.  This IP, along with additional IP that has been filed will support commercially the development of VX-745 beyond the primary composition of matter patent expiring in 2017.

Start-up activities (IRB submissions, CRO contracting, etc.) are underway for two phase 2a clinical studies in patients with AD; both studies are anticipated to be underway in early 2015.  Combined, the studies are designed to demonstrate anti-inflammatory and microglial modulatory activity in the brain.  Once demonstrated, VX-745 should have ability to demonstrate clinical proof-of-concept in AD and/or other disease indications in which neuroinflammation plays a role in disease pathogenesis.

Company was founded and is led by experienced biotech/pharma R&D executive (John Alam; former head of Alzheimer’s R&D at Sanofi, ex-Chief Medical Officer at Vertex Pharmaceuticals, led clinical development of AvonexÒ for Multiple Sclerosis) with extensive translational and drug development experience & expertise in both inflammation and CNS disorders.

Year Founded
2010
Biotech Subsector
Biotech Phase of Development
Technology Overview
small molecule inhibitor of p38 MAP Kinase alpha - VX-745
Supporting Metrics or Evidence
Literature; pre-clinical proof-of-concept with licensed compound
Current Financing Needs
$5-15M
Current Timeline
Start phase 2a Jan 2015
IP Status
Issued US Patent for use of Drug for Brain Amyloid Plaque Load Reduction; Published Patent for p38 MAPK inhibitors to do the same
Recent Milestones
Dutch National Clinical Trial Approval Dec 2014
Management Team Highlights
Former Head Alzheimer's R&D Sanofi; ex-Chief Medical Officer, Vertex Pharmacueuticals
Dr John Alam
EIP Pharma
CEO 

Karen Alder United States

Tutela Industries is a Health IT startup developing patient-centric mHealth solutions to reduce readmissions and significantly enhance patient engagement. Tutela has developed a proprietary and breakthrough low cost, secure framework, TutelaConnect™, for hospital-based clinicians to communicate (voice, video, and data) securely to remote caregivers, both outside and inside the hospital environment. Even though a majority of hospitals have implemented electronic health records for identifiable patient data exchange within the hospital, the secure HIPAA compliant capture and exchange of unstructured patient information outside the hospital remains a challenge, impacting decision making, care coordination and informed consent.

In a recent benchmark data security report, over 90% report that their number one security risk is the unsecure exchange of patient information (phone, text. email) initiated from inside the hospital. 88% of hospitals attribute data breaches to employee negligence and the lack of mobile device security. The cost of these breaches exceeds $5.6 Billion per year, averaging $1M per year per hospital. Most hospitals are still struggling to create a unified communication strategy that meets stringent security, HIPAA compliance requirements while meeting clinical workflow and ease of use demands. Ubiquitous solutions are not cloud-based which makes the use case for patient engagement costly, complicated and difficult to scale. Ultimately, restricting the use to the few and not the many. The worldwide available market for interactive patient engagement solutions exceeds $2.3B and the initial target market, the high-risk Neonatal Intensive Care is estimated at $160 Million. The TutelaConnect™ Platform, can enter the market within current reimbursement and regulatory environments, and is ready to launch H2 2015 through sales to the first  pilot hospitals.

The competitive landscape includes large players in adjacent markets; Cisco/PolyCom for enterprise video solutions; Phillips, medical device manufacturer for remote monitoring, and electronic health record companies, Cerner and EPIC. Small niche players, Mommy’s Ear, Angels Eye and NICView offer limited pieces of a unified patient engagement communication tool.  None to date provide a cloud-based, platform agnostic, secure and HIPAA compliant method that eliminates costly licenses, expensive hardware and ongoing endpoint configuration and IT support requirements.

A strong competive position, highly differentiated use cases, a clear Freedom to Operate and patent potential, as well as, a highly experienced management team, early traction and favourable regulatory trends provide a great opportunity for success.

Website:
www.itutela.com
Year Founded
2010
Main Sector
Medtech Subsector
Indication
Biotech Phase of Development
Medtech Phase of Development
Technology Overview

In 2010, Tutela company founders observed that a great need existed in intensive care areas for clinicians to communicate with patient’s circle of care; family members, advocates and aids to streamline discharge processes, prevent readmissions and provide a better experience. After 1000+ technical, economic and user interviews, a minimally viable prototype was developed for use in high risk areas, such as the neonatal intensive care unit (NICU). Three of the more novel components of the system include a secure access distribution mechanism; role-based mechanism to authenticate all users (both inside and outside the hospital) and their relationship to a third-party(patient), a method in which the capture of all the information including users, 3rd party (patients), clinical notes, electronic health record information, and any voice, video or audio transmission is secured at rest and in transit fulfilling compliance regulations, and a method to capture, store, forward and assign all relevant data from each engagement session to a  3rd party (patient) eliminating licenses and user accounts. The TutelaConnect Platform provides the first multi-platformed, cloud-based interactive patient engagement system that securely connects remote care givers to the bedside of critically ill patients using a platform agnostic video conferencing technology.

Alliance & Collaborations
First three pilots and customers include; Johns Hopkins Hospital, University of Pennsylvania Children's Hospital, Georgetown University Hospital NICU. Discussions are underway with seed investors TEDCO(follow-on), Maryland Ventures and Gulf Ventures.
Supporting Metrics or Evidence

Strong evidentiary support that patient and family engagement plays a vital role in experience and outcomes exist including a direct correlation with patient satisfaction, discharge planning and reduced readmissions; Fairview, Cope and CMS studies. The ongoing clinical trial and the voice of customer data (1000+ technical, economic and user interviews) have shown a technical deployment in less than 15 hours at an academic medical center, an improvement in clinical efficiency in the record of unstructured communications, an increase in patient satisfaction that impacts reimbursement and a slight reduction in length of stay that saved the hospital, $13,000. Hard numbers will be available at the completion of the trial in Q1 2015. The system is considered a Class One Exempt device. The FDA requires only that the NICULink, mobile device and the TutelaConnect Platform be registered 30 days prior to commercialization.

Current Financing Needs

$800,000. Amount can be staged to support product development completion, headcount and pilot costs.

Current Timeline

6-9 months away from commercialization.

Current Investors

TEDCO($100k), Founders Capital ($300k) and Gulf Ventures(GVC)committed ($200k)

IP Status

Freedom to Operate Analysis and Provisional Patent was filed in December 2014.

Recent Milestones

To date, 90% of the first product platform has been developed. Technical and clinical workflow usability and feasability testing is complete. In December 2014, beta testing of a portable mobile device connected to the platform began in the NICU at Georgetown University Hospital. Over 500 clinician-to-family interactive video sessions have been completed with 97% "game changer" endorsement. A small reduction in length of stay, 3.9 days, equated to savings of $13,000 during a 3 week period. Additional pilots are lined up at Johns Hopkins and UPENN in the adult and pediatric service lines, which will lead to first sales A committment for $200k was received in December. A pipeline and contact with other interested hospitals including Loma Linda, Stanford, University of Tennessee has been initiated. Soft product launch is targeted for October 2015 at a national neonatal conference.  

Management Team Highlights

We have an experienced and well rounded team with 80+ years expereince in network security, medical device and software product development and clinical data support sales and marketing. Brad Pollard, CTO, has 15+ years in startup expereince. His last position prior to Cisco was with Source Fire, sold to Cisco for $2.3B. Karen Alder, CEO, has 20+ years in sales and accounting with health IT startups. Her last position was with TheraDoc, which was sold to Premier for $117M. Richard Smith, COO, 25+years experience in medical device product development. Led successful product launches at GE and Brainz. Brainz was successfuly exited in 2008. Clinical advisors are well recognized leaders in neonatology and the adult critical care space.

Tutela Industries, LLC.
Co-Founder/CEO 

John Alexander United States

Twin Cities Angels is an angel group that was founded in 2006 that is based in Minnesota. The group has raised two funds that are The Twin Cities Angels Fund I and II. The second fund is currently looking to invest in emerging companies. The group typically provides seed and venture capital ranging from $ 25.000 to $2 million to life science companies. The group plans to invest in 4 to 6 companies per year. Twin Cities Angels seeks to invest in companies based in the Twin Cities Area of Minneapolis/St. Paul, the state of Minnesota and within a reasonable distance, such as Western Wisconsin, Northern Iowa, and Eastern Dakotas.

Year Founded
2006
Investor Type
Biotech Phase of Development
Medtech Phase of Development
Capital Structure Preference
Investment Stage Preference
Twin Cities Angels Fund II, LLC
Chairman & Founder 

Neda Amidi United States

Plug and Play Ventures (a successor fund to Amidzad Partners) is a private/family investment vehicle based in Silicon Valley, CA. The fund is a structured organization for making angel investments in pre-seed or seed rounds. Investments are in the form of equity; in the next 6 months Plug and Play Ventures expects to make about 5-10 seed investments of $50,000-100,000 and an additional 40 pre-seed investments of $25,000, and is hoping to increase their allocations in the healthcare sector. Plug and Play also provides a three-month accelerator program. The firm will consider investing in companies worldwide.  

Plug and Play Ventures is interested in investing in medical technology, and invests in subsectors in which the firm can apply expertise; typically this means products that have a significant software component. Healthcare IT, biosensors, wearables and health monitoring devices are of interest. While the firm is open to investing in any indication, Plug and Play is particularly interested in diabetes & blood glucose monitoring, personal fitness, and mental/behavioral disorders. In the healthcare IT sector, Plug and Play Ventures is interested in both consumer applications and enterprise software, but is not interested in diagnostic software such as genomic, proteomic, or molecular diagnostic algorithms; however, optimization and data analysis software for hospitals and diagnostic laboratories is of interest.


Plug and Play Ventures
Investment Associate 

Nico Arnold United States

Deton is developing a novel non-invasive simple-to-use sample collection device for tuberculosis (TB) patients who are unable to provide a sample.

Proper diagnosis is essential to effectively treat the more than 9million new cases of TB every year. Typically, a sputum sample is collected to run the diagnostic test. However, in 22% of adults and in all children patients, sputum is impossible to collect. These patients have to rely on inadequate alternative collection methods that are invasive, high-cost, and resource-intensive. With our device, patients can now provide a sample even in low-resource setting and find out their TB status. Deton will enable 26M samples to be tested every year.

After promising clinical data, Deton is now raising $1.6M to build an ISO 13485 disposable product and to obtain pivotal clinical validation. Discussions with multiple potential diagnostic partners and first feedback from experts at World Health Organization show significant interest in adopting the device once effective validation has been completed. 

Year Founded
2011
Main Sector
Medtech Phase of Development
Technology Overview
Cough collection to diagnose respiratory infections
Alliance & Collaborations
Confidential
Supporting Metrics or Evidence
human clinical data supporting the diagnostic
Current Financing Needs
Deton is raising a $1.6 million seed round to support 15 months of operations.
Current Timeline
Milestones: (1) develop an ISO-13485 final design disposable device (t+10 months) and (2) obtain pivotal clinical data in 50 patients (t+15 months). Deton’s third major milestone during the seed stage is to obtain Series A financing.
Current Investors
non-dilutive government grants
IP Status
The Cough Collector is protected by 2 Patent Cooperation Treaty applications fully owned by Deton: PCT/US2011/042854 –“System for airborne bacterial sample collection and analysis” and PCT/US2014/024682 – “System for breath sample collection and analysis.”
Recent Milestones
With non-dilutive funding from government grants, the Cough Collector has been tested in a study on a limited number of patients at a high prevalence site with very encouraging results.
Management Team Highlights
Deton’s team brings together more than 20 years of experience in each of engineering, medicine, and commercial operations. Our team has successfully taken a product from idea to human clinical data. Founders: Patrick Sislian, (CEO, PhD Chemical Engineering UCLA, Member of UCLA VC Fund), Stephen Chapman (VP of R&D, PhD Chemical Engineering Caltech), and Ramzi Nasr (VP of Clinical, PhD Bioinformatics UCI). Part-time: Nico Arnold (previous EVP of commercial ops at Cepheid, previous SVP at Siemens), Dr. Antonio Catanzaro (clinical expert on TB, Professor of Medicine at UCSD), and Katrina Fiedler (previous Director of Regulatory affairs at Alere).
Deton Corp.
LinkedIn logo Business Development 
BIO

Nico Arnold, an IVD industry executive, is responsible for the commercial strategy. Nico was previous EVP of Commercial Operations at Cepheid and previous SVP at Siemens. Nico will be employed part-time and will be responsible in establishing and maintaining distribution relationships for successful product launch.

Craig Asher United States

Vital Venture Capital, founded in 2007, is a venture capital firm with offices in: Simsbury, CT; Bethesda, MD; Philadelphia, PA; Naples, FL; and Lincolnshire, IL. The firm focuses on B2B, SaaS software, medical devices, and diagnostics. The firm seeks opportunities that provide some degree of investment loss protection through strong intellectual property. The firm’s target investment size is $1-3M for each portfolio company spread over 1-3 rounds. The firm invests in companies that are based in the US. The firm is actively seeking new investment opportunities.

Vital Venture Capital
Principal