Entries Published On January, 2018
Today, AngelMD’s Catalyst I LP (“the Fund”) announced it has invested in Green Sun Medical, LLC (“the Company”). Green Sun Medical is a Colorado-based medical device company that has developed the first substantial change to Adolescent Scoliosis bracing treatment in over 50 years. The Fund’s investment of $500,000 represents the amount needed by the Company to close its current round of financing which, along with an earlier investment by an AngelMD Syndicate, will make AngelMD Green Sun Medical’s largest investor.
Even after decades of research, scoliosis is still a mystery to the medical community since most cases are idiopathic, meaning they have no known cause. What we do know is that, when detected early and treated appropriately, the spinal curve progression can be halted; and the debilitating effects of scoliosis can be greatly mitigated.
Static bracing, the current standard of care, only saves one in three patients from spinal fusion surgery. Green Sun Medical’s approach is to use its comfortable dynamic brace to provide continuous corrective pressure while allowing the patients to move and function as normal teenagers. Pressure sensors in the brace allow the physicians to monitor remotely the performance of the brace to ensure that their patients are receiving the best possible treatment.
The problem with the current braces on the market is that they’re only designed to prevent the scoliosis curve from getting worse. They are made from rigid plastic, which leads to patient discomfort and low compliance. Green Sun Medical’s solution addresses both issues, which leads to improved compliance and continuous corrective pressure on the patient’s spine.
“Green Sun has compiled a world-class development team, including some of the world’s thought leaders in scoliosis treatment,” said Charlie Emley, Managing Partner of the Catalyst I Fund. Mr. Emley will join the Company’s Board of Directors as a Board Observer. “The leadership team is an ideal mix of healthcare, technical and marketing professionals who will guide Green Sun’s commercialization, the likes of which we don’t often see. We know that pediatric experts agreed with our opinion when Green Sun Medical received the top award at the 5th Annual Pediatric Device Innovation Symposium sponsored by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI)”
“We know that AngelMD is always seeking out companies that not only have a novel approach, but also the team to build a successful company,” said Jamie Haggard, Cofounder and CEO of Green Sun Medical. “We’re excited to have AngelMD physician network as a partner in our success, and we’re proud to have Catalyst I LP be our largest investor.”
The Friday Roundup is a collection of five stories that you need to know about each week. From policy, to innovations, look to us to keep you up to date on what’s happening in the healthcare industry.
It Takes Guts
A paper published Monday chronicled the travels of a capsule through five participants’ gastrointestinal systems. The capsule can track gas content, fiber content, and the time it took to move through the digestive system and relay this back to the researchers.
The measurements help the researchers analyze the microbiome of the gut. Though it sounds like the storyboard for a Magic School Bus episode, the actual plan for the capsule is to use it as a diagnostic for digestive disorders.
The Department on Defense has expanded its telehealth services so active duty military have personnel, veterans, and their families have access to services by establishing a designated telehealth provider on its networks.
The DoD is hoping this will help mitigate their lack of ability to provide services remotely and address the healthcare needs of veterans and military family members who are not covered by VA services.
How Will Changes in Medicaid Affect Americans?
The Trump administration has granted states the ability to impose work requirements for those with Medicaid, a program which provide health insurance to low-income Americans, children, seniors, and people living with disabilities.
The new rule follows the logic that if you are “able-bodied,” but not working you should not be able to enroll in a free health care program because you aren’t paying into the system that subsidizes it.
However, the Center of Budget and Policy Priorities found that many Medicaid dependents cannot work because they are primary care providers for sicker members of their family. No one quite know the effect this change could have on the 70 million people enrolled in the program.
Don’t Have a Cow
In a clinical trial, human antibodies to Middle East Respiratory Syndrome (MERS) were developed in, you guessed it, cows. Scientists in the U.S. believe these antibodies could be used to create a treatment for the viral infection.
The syndrome has a 35 percent fatality rate, with outbreaks occurring in waves since 2013. No other treatments or vaccines have been developed.
The Healthcare Industry is a Job Engine
Healthcare has surpassed manufacturing and retail to become the largest source of jobs in the U.S. One of the drivers of this boom is the aging American population. By 2025, 25 percent of the workforce will be over 55.
Another reason is healthcare is publicly supported. The government has spent a lot of money on program like Medicare and Medicaid. In addition, many manufacturing jobs have relocated to other countries since they offer cheaper labor, meaning they do employ as readily in the U.S.
New at AngelMD
- Don’t miss the chance to invest in Noninvasix or Windpact.
- Clinivantage, Evol Science, and Lineus Medical are just three of the many startups to join the AngelMD community. Check out their profiles to see how they’re changing the face of healthcare.
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