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MEDICAL DEVICE INNOVATION - Medical Device Daily

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142<br />

<strong>MEDICAL</strong> <strong>DEVICE</strong> <strong>INNOVATION</strong> 2010<br />

other applications, but that initial focus on the firm’s fivemember<br />

team is development of the system for men before<br />

pursuing other opportunities.<br />

Homan reported that the company thus far has raised<br />

$3.7 million dollars from private investors and other<br />

sources, most recently receiving $400,000 from the New<br />

Jersey Commission of Science and Technology, and a<br />

$740,000 SBIR grant from the National Institutes of Health.<br />

And given the potential clinical and money-saving benefits<br />

of the Surinate, he expressed confidence that the company<br />

is likely to receive additional NIH grant funding “in the<br />

near term.”<br />

(This story originally appeared in the December 10,<br />

2008, edition of <strong>Medical</strong> <strong>Device</strong> <strong>Daily</strong>.)<br />

To subscribe, please call <strong>MEDICAL</strong> <strong>DEVICE</strong> DAILY Customer Service at (800) 888-3912; outside the U.S. and Canada, call (404) 262-5547.<br />

Copyright © 2010 AHC Media LLC. Reproduction is strictly prohibited.

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