Masako Hashimoto

MBL Venture Capital founded in 2 is the investment arm of Medical & Biological Laboratories Co. a Japanese biotechnology company and is based in Nagoya Japan with an additional office in Tokyo. The firm primarily makes early stage investments solely in the Life Sciences. The firm recently raised a new fund in March 214 and looks to make about 2-3 new investments in the next 12 months. The firm typically allocates USD 1-2 million per round and up to USD 3 million per company. The firm can invest globally with particular interests in the USA and Europe. The firm is actively seeking new investment opportunities.
MBL Venture Capital
Senior Manager 

Yuri Haverman

BD Medical Surgical Systems
Strategic Innovation 

Mr Rob Hedequist United States

Kineta® is a nationally-recognized biotechnology company focused on developing leading edge therapeutics in three large high need therapeutic areas: autoimmune disease, viral disease and chronic pain. Our company is focused on the development of novel drug candidates each the outcome of years of scientific exploration and supported by an extensive body of peer-reviewed NIH-supported research.

Biotech Phase of Development
Technology Overview

Kineta® is developing a pipeline of next-generation medicines to respond to the needs of millions of people facing diseases around the world. Our scientific areas of expertise are immunology and neuropathic pain with research directed at curbing inflammation and returning the immune system to normal function. Kineta has five unique drug programs in development and each program represents a novel mechanism-of-action and has potential to result in a new class of drug. The innovative portfolio is derived from leading edge scientific research that taps into promising recently discovered cellular channels that control the body's defense mechanisms. Kineta’s drug programs are designed to enhance or modulate the natural human immune system and show great potential to be more effective, more tolerable and confer fewer side effects than existing drugs. We anticipate our products will be highly sought after by patients, healthcare providers and the pharmaceutical industry.

Alliance & Collaborations
27 Scientific and academic collaborations
Current Financing Needs

Series B round of $5M with follow on series C for an additional $20M.

Current Timeline

Autoimmune drug successfully completed phase I clinical trials and is currently in a phase 1B extension study to be completed 1st quarter.  In discussions with numerous large pharmaceutical and biotechnology companies around a licensing transaction.

Antiviral and pain programs are currently in pre-clinical development with high industry interest.  We are in significant partnering discussions around several of our anti-viral drug candidates.

Current Investors

We have raised $36M since 2008.  This has been augmented with an additional $52M in NIH funding.

Our current investors are accredited investors, high net worth individuals, Family Offices, a boutique PE group and the Iacocca Foundation.

IP Status
  Protected Pipeline Secured with a
Valuable IP Portfolio ØStrong IP across each development program ØProprietary expertise in innate immunity & autoimmunity Ø27 Patent Families (28 owned, 6 in-licensed) •45 Issued Patents •154 Pending country applications •7 Pre-nationalized PCT or provisional families
Management Team Highlights

Chuck Magness, PhD

CEO

Human Genome Project; Co-founded & Sold Illumigen Biosciences ($17M + 321M); Kineta Enterprise >$60M

Shawn Iadonato, PhD

CSO

Human Genome Project; Illumigen Biosciences; Grew 5 Kineta Programs; 1st Kv1.3 in Clinic; >$35M  R&D Funds

Craig Philips, MBA

Commercial Operations

 VP & GM, Schering Plough, VP & GM, Bayer, President & GM CTI

Blake Ilstrup, JD

General Counsel /

Corporate Dev.

Hundreds of transactions with Cooley and Venture Law Group, General Counsel of Qpass, 6 Kineta transactions

Rob Hedequist

Corporate Development

Major Accounts, Managed Care & Sales/ Marketing Pfizer and Amgen; National Director Schering–Plough

Dan Eramian

Corporate Communications

First VP of communications for Biotech Industry Organization; US DOJ Director of Public Affairs; SBA

Ken North

Corporate Development

Founding CEO Seattle Savings Bank; Past president Seattle Kiwanis, Chamber of Commerce; Seafair Commodores

Dan Burge, MD

Clinical

Trubion (CMO), VP Early Development Immunex, Amgen (early development on Enbrel)

Jeff Fellows

Regulatory

Global Regulatory Lead Amgen,  VP Regulatory Alder, VP Regulatory CTI,  First Kv1.3 in clinic, Sensipar Amgen

Kineta
Senior Vice President Corporate Development 

Martin Heidecker

Boehringer Ingelheim Venture Fund US Inc.
Managing Director 

Clay Heighten

Green Park & Golf Ventures (GPG) is a family office based in Dallas Texas. The firm was founded in 211 and is focused on healthcare companies. The firm makes seed venture and growth stage investments. The firm typically provides seed and Series A equity financing in the range of $1K to $1M per portfolio company. The firm generally acts as the lead investor and is open to invest in syndicates. The firm primarily invests in companies that are based in Texas but is open to opportunities across North America. The firm is actively seeking new investment opportunities.
Green Park & Golf Ventures
Founding Partner 

Peter Heinecke United States

Xalud Therapeutics is developing novel, non-opioid therapies for the treatment of neuropathic pain and osteoarthritis. Our lead product, XT-101, has shown exceptional efficacy in the leading rodent models of pain and in canine patients with neuropathic pain and osteoarthritis. XT-101 has an excellent safety profile -- it does not cause sedation, dizziness, numbness, addiction or tolerance.  7 and 28 day GLP toxicology studies have been completed with excellent results.  Xalud intends to file an IND for a Phase I/IIa trial in mid-2015 and, pending funding, initiate clinical trials thereafter.

Xalud's approach to treating pain is fundamentally different than conventional approaches. XT-101 causes the body to produce the natural anti-inflammatory IL-10.  In neuropathic pain, the use of this broad spectrum anti-inflammatory reduces inflammation around the spinal cord and reduces aberant pain signaling.  In gold-standard rodent models, a single injection of XT-101 completely eliminates neuropathic pain for 12 weeks.  We have also tested XT-101 in canine patients with severe osteoarthritis that has been resistant to standard treatments.  In these patients, XT-101 has provided long lasting pain relief resulting in dramatically increased mobility and activity levels and increased joint flexibility.

To date, Xalud's efforts have been supported by over $6 million of grant funding from the NIH, the DOD, and disease foundations.  We seek to raise $6 to $10 Million to fund our initial clinical trial or trials.  These will be placebo controlled Phase I/IIa trials in actual patients.  Because XT-101 has an extended duration, we expect that these trials will provide the safety, efficacy and biomarker data necessary to support a robust Phase II program.

Year Founded
2009
Biotech Phase of Development
Technology Overview
XT-101 is a proprietary plasmid DNA encoding for the natural, broad spectrum anti-inflammatory IL-10
Alliance & Collaborations
Xalud has received extensive support from the NIH and the DOD
Supporting Metrics or Evidence
In leading models of pain, a single administration completely reverses neuropathic pain for 12 weeks. Similar results have been observed in canine patients with osteoarthritis and neuropathic pain.
Current Financing Needs
$6MM to $10MM
Current Timeline
An IND for a Phase I/IIa trial will be filed in mid-2015.
Current Investors
Xalud is entirely grant funded and has raised over $6 MM in non-dilutive financing.
IP Status
Broad patent coverage and freedom to operate have been established
Recent Milestones
In late 2014, 7 and 28 day GLP toxicology studies were completed with excellent results.
Management Team Highlights
The Management team has substantial experience leading early stage biotech companies. Dr. Steve Collins, Xalud's Executive Chairman, has extensive experience managing biopharmaceutical companies and leading pain and CNS drug development efforts. He served as Senior Director for Global CNS and Pain at Johnson and Johnson and Chief Scientific Officer and Vice President of Medical Affairs at Ovation Pharmaceuticals (acquired by Lundbeck for approximately $963 MM). Most recently he served as Chief Executive Officer of NeuroTherapeutics Pharma, Inc., a venture-backed biotechnology company developing treatments for pain and epilepsy.
Xalud Therapeutics, Inc.
Chief Business Officer 

James Helliwell

Eupraxia Pharmaceuticals Inc.
President & CEO 

Luke Helm United States

Rapid Development of Injection Molded Medical Devices
From Concept Through Transfer-to-Manufacturing

Symbient specializes in engineering research and development, prototyping and design-for-manufacturing of innovative medical devices that use injection molded components. Our highly experienced team consists of mechanical and biomedical engineers, industrial designers, machinists and molding technicians. They leverage our in-house rapid prototyping, and prototype tooling fabrication and injection molding to create proven, manufacturable designs with unmatched speed, efficiency and precision. These designs make up our deep portfolio of over 300 successful devices that have collectively generated hundreds of millions of dollars. They include FDA Class I, II and III devices, developed under our ISO 13485 certified quality management system.

 

Our Services Include:

  • Concept Development
  • Development Engineering
  • Design-for-Manufacturing
  • Industrial Design
  • Project Rescue
  • Design Control per IOS 13485
  • Finite Element Analysis (FEA)
  • Design Verification Testing
  • Test Method Development
  • Transfer to Manufacturing

 

Our In-House Capabilities and Expertise Include:

  • Stereolithography (SLA) Prototyping
  • CNC Machining / Fabrication
  • Prototype Mold Fabrication
  • Prototype Injection Molding of Devices for Testing, Trials and Studies
  • Liquid Injection Molded (LIM) Silicone Prototype Molding
  • Product Reliability Testing
  • Plastics Assembly Expertise: Ultrasonic and Laser Welding, Heat Sealing, Pressure Sensitive Adhesives, Swaging, Snap Fits, Press Fits, Interlocks.
  • Speed: Prototype Molds in as little as 1 week and Modifications in as little as 1 Day
  • Material Selection Expertise, Research and Testing to Ensure All Product Requirements Are Met.

 

Our Portfolio Includes:

  • Diagnostics / Molecular Diagnostics
  • Sample collection / preparation
  • Life Sciences / Microfluidics
  • OTC Consumer products
  • Respiratory
  • Surgical devices and clinical tools
  • Drug Delivery

 

Year Founded
2004
Unique Capabilities

Our Services Include:

  • Concept Development
  • Development Engineering
  • Design-for-Manufacturing
  • Industrial Design
  • Project Rescue
  • Design Control per IOS 13485
  • Finite Element Analysis (FEA)
  • Design Verification Testing
  • Test Method Development
  • Transfer to Manufacturing

 

Our In-House Capabilities and Expertise Include:

  • Stereolithography (SLA) Prototyping
  • CNC Machining / Fabrication
  • Prototype Mold Fabrication
  • Prototype Injection Molding of Devices for Testing, Trials and Studies
  • Liquid Injection Molded (LIM) Silicone Prototype Molding
  • Product Reliability Testing
  • Plastics Assembly Expertise: Ultrasonic and Laser Welding, Heat Sealing, Pressure Sensitive Adhesives, Swaging, Snap Fits, Press Fits, Interlocks.
  • Speed: Prototype Molds in as little as 1 week and Modifications in as little as 1 Day
  • Material Selection Expertise, Research and Testing to Ensure All Product Requirements Are Met.
Symbient Product Development
Director of Business Development 

Hannah Hensel United States

Brio Device, LLC is a medical device company and spin-out of the University of Michigan Medical Innovation Center based in Ann Arbor, MI. Brio develops airway management devices and intubation instruments.

PROBLEM: High Intubation Failure  

There are 20M+ intubations performed in the US every year. Depending on setting and skill of the clinician, failure rates range from 2% - 40% resulting in approximately 2,000,000 intubation failures every year. Intubation, the procedure to insert a plastic tube into the trachea, requires significant expertise and experience to do well.  With current products in the market, the tube often is inserted multiple times before it is properly placed, resulting in damage to the patient such as broken teeth, torn vocal cords, or insertion into the stomach leading to aspiration and pneumonia.  Three main factors affect intubation success rates: the user’s experience level, having directional control of the tube during insertion, and continuous visualization appreciated in bronchoscopes.  Clinicians need a single go-to device which is appropriate for use both in routine intubation and difficult airway cases offering guidance, maneuverability and visualization necessary to be successful. Failed intubation is the most common preventable cause of trauma-related deaths.  Approximately 180,000 deaths per year list complications associated with failed intubation.

SOLUTION: Brio’s Articulating & Video Stylets  

Brio is introducing a suite of products intended to improve intubation success rates for planned and emergent intubations, minimizing reliance on clinician skill for success.  The products range from disposable mechanical devices to devices with imbedded software providing anatomic image recognition guidance for the clinician. The devices have three critical elements to assist users in locating the trachea and maneuvering the endotracheal tube. 

1. Articulating tip with thumb-controlled steering

2. Continuous visualization

3. Visual guidance software 

BUSINESS MODEL

Brio’s core competencies are R&D, product development, sales and marketing of medical devices.  Projections are built on three revenue streams: two disposable stylets (one with and one without a camera) and a reusable video display.   Brio has an agreement with a manufacturing partner to facilitate design history files, regulatory compliance, manufacturing and customer service.

FUNDING  & MILESTONES

Brio has received $815,000 funding, including $690K in non-dilutive grants and $125k in convertible notes.  The Company has received Small Business Investigational Research (SBIR) Grants from the NIH.  

Year Founded
2011
Main Sector
Indication
Medtech Phase of Development
Technology Overview

Brio suite of devices for intubation. The products are used to insert endotracheal tubes and are designed for first-attempt intubation success.

Key Features

  • Software algorithm recognizes anatomical landmarks and displays labels on video screen
  • Software displays optimal position of sytlet tip with a white “x” as the stylet advances through the airway
  • Visualization of the tip
  • Tip articulation

 

Benefits

  • Software enhanced visualization
  • Visually confirm success
  • Reduces time to intubate
  • Reduces tissue trauma

Alliance & Collaborations
Brio has its primary office and lab space within the medical device incubator and business accelerator facilities of MC3, Inc. The Company is considered a “Member” of MC3’s Medical Device Business Accelerator. Address: MC3, Inc. 3550 West Liberty, Suite 3, Ann Arbor, Michigan 48103. Manufacturing Partner Brio has an agreement with Summit Medical Products, Inc. based in Sandy, UT. The contract provides Brio with a team of experienced professionals from engineering, manufacturing, regulatory affairs, marketing and sales. Summit is engaged in the business of and possesses expertise with respect to, among other things, the manufacturing, assembling, processing, packaging, approvals and regulatory processes, and sales of medical devices. The strategic partnership Brio has with Summit is to assist in product design and development, process validation, risk management procedures, manufacturing, verification and validation, and quality assurance for the intubation device.
Supporting Metrics or Evidence

There are 20M+ intubations performed in the US every year. Depending on setting and skill of the clinician, failure rates range from 2% - 40% resulting in approximately 2,000,000 intubation failures every year.

Current Financing Needs

Current Financing Round: $1.5M ... Anticipated total paid-in-capital: $4.0M

Current Timeline

Completing design for manufacturing and pilot manufacturing. First generation product, FDA Class I exempt, enters the market in Q2 2015. Follow-on products to enter the market starting Q3 2016.

Current Investors

Convertible Notes: State of Michigan University Commercialization Fund, MC3, Inc., and Summit Medical

IP Status

PCT/US12/36290 submitted May, 2012. National Phase Patent Application Ser. No. 14/115,196 - Filed: Nov. 1, 2013.

Recent Milestones

Prototypes tested by groups of clinicians ranging from Residents to experienced specialists in simulation mannequins. First generation product being converted from 3D prototype to design for manufacturing and pilot manufacturing.

Management Team Highlights

Hannah Hensel, CEO, holds an MBA from the University of Michigan Ross School of Business and has 20+ years business leadership experience. A unique start-up experience for her took place as Sponsorship Sales & Marketing Manager for the 2002 Olympic Winter Games where she reported to Mitt Romney; the organization went from $0 to $1.5B in seven years. Product development for Brio is led by Laura McCormick, PhD in biomedical engineering, Douglas Mullen, PhD in nanotechnology/materials science and Sabina Siddiqui, MD. Brio's Commercialization Officer, Rich Borncamp, is the newest member of the team. He has spent his career launching new medical devices, establishing go-to-market plans nationally and internationally, and negotiating agreements with Group Purchasing Organizations.

Brio Device, LLC
CEO 

Amir Heshmatpour

AFH Holding & Advisory LLC is a boutique investment banking firm that offers financial advisory services. The firm focuses on alternative public offerings marketing strategy planning capital structuring and mergers and acquisitions advisory. Its clientele include Carlisi Natural Gas Inc. Fossil Energy Group LLC Kaikai Technology Co. Ltd. and Yi Xin Copper Co. Ltd. AFH Holding & Advisory LLC is based in Beverly Hills California with an additional office in Pudong China.
AFH Holding & Advisory
Founder & Managing Director