Company Profile: Promaxo, Inc.

CED Life Science Conference 2017 - Innovation Room

www.promaxo.com                                                                                      
Sub-sector: Medical Device                                                      
Year Founded: 2016

COMPANY PROFILE
Promaxo is a medical device company developing and commercializing an office-based, cost effective MRI, biopsy and treatment tools, and automated software for tissue characterization. The Company’s focus is on addressing the needs of the prostate cancer market; and in the long run, it will be exploring indications in female urology, OB/GYN and sports medicine markets. Promaxo’s patented MR technology takes advantage of proprietary ultra-fast and strong rise- and fall-gradients which yield images with spatial resolution of 30 microns, comparable to histology. The MRI platform is protected by 4 issued and 13 pending patents and has successfully undergone a 26 patient safety trial. There is an established reimbursement pathway and the Company offers an attractive ROI to urology practices, imaging centers and hospitals. The management team has a proven track record of FDA clearances (7 devices) and commercialization, and is supported by premier clinical and business experts.

FOUNDERS/MANAGEMENT TEAM
Amit Vohra, PhD, MBA, Chief Executive Officer and Serial entrepreneur
Michael Batholomew, MS, Chief Commercialization Officer, former VP at Pfizer
Irving Weinberg, MD, PhD, Chief Medical Officer, technology inventor
Alek Nacey, PhD, Technology Lead

KEY MILESTONES TO DATE

  • Funding: Around $9MM in NIH and NSF grants, $1MM+ in seed capital
  • Exclusive, worldwide license to the technology IP (4 issued and another 13 pending patents) for all all medical fields of use except dental and breast
  • The MR platform technology has successfully undergone safety trials
  • Demonstrated spatial resolution of 30 microns, comparable to histology, on phantoms
  • Selected and showcased at AdvaMed 2016 as 1 of 48 Innovation Showcase companies from a competitive field of 500 applicants
  • Invited as 1 of around 60 companies to be showcased at ADA Healthtech Showcase in Silicon Valley
  • MR technology showcased by NSF at their Eureka Pavilion at CES 2017

POWERED BY
CED

CONTACT
Amit Vohra
avohra@promaxo.com
Cary, NC

Learn more about the CED Life Science Conference.