CED Life Science Conference 2017 - Showcase
Sub-sector: Medical Device
Year Founded: 2015
Vigor Medical Systems-a Duke spin out company has developed a new mobile health respiratory device which monitors lung function. The company's product is a wireless, mobile spirometer which connects to an app allowing improved patient, or patient-to-provider, integrated respiratory care management. There over 450 million people who suffer from some form of chronic respiratory disease, such as asthma, COPD or Cystic Fibrosis to name a few, and many of these individuals often require lung function monitoring to help manage their condition. Mismanagement of, or complications associated with respiratory disease has a negative cost impact of more than $75 billion annually on the US Healthcare system-alone. Vigor Medical Systems, Inc. connected spirometer is intended to improve adherence, reduce cost and improve outcomes.
Rich Kindberg, Interim CEO
Daniel Chander, Founder, CTO
Rich Pilnik, Board Member, President
Gregory Poore, Founder
KEY MILESTONES TO DATE
- Funding: Private funds or goodwill used to date. December 2016 began to seek seed capital up to $600k to advance the product to commercialization
- FDA Q-sub meetings and direction established to commence clinical trials
- Device prototypes and supporting apps (e.g., Android and iOS) have been developed and currently being used in the clinical trial being conducted at Duke
- Clinical trial (equivalency data vs. standard spirometer) is more than 3/4 complete with very solid results.
- Completed behavioral study to understand consumer (e.g., patients) motivation factors in complying with use of a device
- Hired interim CEO
- Provisional Patent filed
Duke Innovation and Entrepreneurship Initiative, Duke Medicine, Duke Office of Licensing and Ventures, First Flight Venture Center
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