Company Profile: Physcient, Inc.

CED Life Science Conference 2017 - Showcase & Innovation Room

www.physcient.com                                                                                      
Sub-sector: Medical Device                                          
Year Founded: 2007

COMPANY PROFILE
Physcient develops smarter instruments for surgeons. By combining proprietary insights into tissue mechanics with technologies advanced by non-medical fields, we develop instruments that expand the surgeon's abilities while remaining intuitive and easy to use. Our first technology is "Differential Dissection" for blunt dissection, which is used in all major surgeries. The Model DD1 for open surgery has been in clinical use for almost 2 years with great success, and our laparoscopic version is entering the final stages of preclinical design and testing.

FOUNDERS/MANAGEMENT TEAM
Hugh Crenshaw, CEO
Chuck Pell, CSO
Eric Espenhahn, COO
Ryan Moody, CTO
Greg Ruff, CMO

KEY MILESTONES TO DATE

  • Funding: 2007-2013: $1.5MM non-diluting funds (grants, NC Biotech loans, etc.), 2013/4: Series A $2MM, 2014/5: Convertible Note, $3.2MM, 2016: Milestone payment $500K from Japanese distributor
  • Completed 2 clinical trials for the Model DD1 with outstanding results in one and encouraging results in the other
  • Sales launched in Atlanta, GA
  • ISO 13485 certified
  • CE Mark anticipated 1/17
  • Laparoscopic version used by many surgeons in preclinical tests with highly positive reviews
  • In discussions with potential strategic partners

POWERED BY
CED, NC Biotechnology Center, NC IDEA, NC State Office of Technology Transfer, NCBIO, SBTDC, Southeast Bio

CONTACT
Hugh Crenshaw
hugh.crenshaw@physcient.com
Durham, NC

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