Tuesday, November 01, 2011

Companies pitch ideas to angel investors at MedVentures

Bill Hethcock

Staff Writer - Dallas Business Journal

Email Dallas Business Journal by Bill Hethcock, Staff Writer

Date: Thursday, October 6, 2011, 3:00pm CDT - Last Modified: Thursday, October 6, 2011, 3:02pm CDT

I spent the morning at the MedVentures conference in Frisco, hosted by the North Texas Enterprise Center.

The conference is where companies with ideas and plans for medical instruments and devices, diagnostic equipment and other health-related products make their pitch for advice and, more importantly, money from venture capital and angel investors to get their businesses off the ground.

Interesting products in development by some of the presenting companies include:

• Coltrix Biomedical, a Fort Worth-based preclinical-stage company whose mission is to deliver collagen-based medical devices that improve surgical outcomes, has a product called Collapatch. It's a membrane that prevents the formation of adhesions, an internal form of scarring, after surgery. These adhesions result in 300,000 readmissions annually to U.S. hospitals at a cost of $1.3 billion.

• Plano-based Neuro Resource Group .Neuro Resource Group Latest from The Business Journals Emerging Tech Fund faces possible cutsDataInfoCom granted .6M from ETFDataInfoCom granted .6M from ETF Follow this company .'s InterX is a non-invasive solution for acute and chronic pain. Clinical trials have demonstrated InterX significantly reduces pain and decreases the intake of opioids and other pain medication.

• Arcos Inc., based in Houston, has developed decision-support software to battle sepsis, a severe illness in which the bloodstream is overwhelmed by bacteria. In one test, the "Sepsis Toolkit" enabled one hospital to lower its severe sepsis mortality from 34 percent to 14 percent.

Bill covers health care, law, education and nonprofits.

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