Apollo Medical Devices Receives NIH and NSF Awards to Develop its Portable Blood Analysis System
Cleveland company provides single-drop-of-blood, handheld analysis, in 5 minutes
(firmenpresse) - CLEVELAND, OH -- (Marketwired) -- 01/03/17 -- Apollo Medical Devices has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $225,000 to conduct research and development on its handheld blood analysis system that provides results in five-minutes, using a single drop of blood. Additionally, the company received a National Institutes of Health (NIH) Clinical Facilitation Award for $25,000 through the CIMIT (Consortia for Improving Medicine with Innovation and Technology) Point-of-Care Technology Research Center.
Blood chemistry tests are the most frequently ordered tests in the US. The Apollo technology is minimally invasive, reduces patient fear and discomfort, and reduces costs and errors associated with pre-analytical testing steps. The simple-to-use platform can be utilized in a variety of areas, including neonatal care, acute care centers, first responders, primary care, military care, and disaster relief organizations. The global market for point-of-care blood chemistry testing is estimated to be $3.0 Billion.
"Apollo is extremely excited to receive the support of the NSF and the NIH," said Punkaj Ahuja, Founder and CTO of Apollo Medical Devices. "This funding validates our premise and will be instrumental in moving our technology one step closer to regulatory submission and commercialization."
Apollo Medical Devices, LLC is a medical technology company focused on the development and commercialization of in vitro diagnostics and point-of-care testing. The technology is protected by the Company''s issued and pending patents licensed from and invented at Case Western Reserve University in Cleveland, OH. For more information: .
Image Available:
Punkaj Ahuja
Founder and CTO
Phone: (216) 820-8849
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 03.01.2017 - 11:30 Uhr
Sprache: Deutsch
News-ID 1478362
Anzahl Zeichen: 3520
contact information:
Contact person:
Town:
CLEVELAND, OH
Phone:
Kategorie:
Commercial & Investment Banking
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 294 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Apollo Medical Devices Receives NIH and NSF Awards to Develop its Portable Blood Analysis System
"
steht unter der journalistisch-redaktionellen Verantwortung von
Apollo Medical Devices (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
