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GE HealthCare's strong Q2 performance and raised guidance signal a positive outlook for the company. The standalone GEHC should benefit from a number of underlying growth drivers in the future as well. Fast Five hosts Sean Whooley and Danielle Kirsh explain what factors contributed to the company's growth and how analysts view performance and prospects. NeuroOne Medical Technologies recently announced it priced an underwritten registered public offering. The proceeds from the offering may accelerate NeuroOne's research and development efforts. Find out the size of the offering and how NeuroOne plans to use the funds in today's episode. Ra Medical's increasing demand for its noninvasive electrophysiology mapping system signifies the healthcare industry's emphasis on less invasive procedures and patient-centered care. Whooley explains what product line has had increased use and what expansion efforts the company has undertaken to grow. Baxter this week picked “Vantive” as the name of its proposed kidney care spinoff. The Fast Five hosts discuss when the spinoff is supposed to wrap up, how the company will operate until then and who has been chosen to lead the company. The appointment of a CEO for 3M's Health Care spinoff is a significant milestone in the process of establishing the new entity's leadership and direction. Find out what steps have been taken in preparation for the planned spinoff and what the sales revenue for the division was in Q2. Check out the show notes for links to the stories we discussed today at MassDevice.com/podcast.
Neal: Welcome everyone to the weekly San Diego Tech News by Neal Bloom and Jonah Peake from Fresh Brewed Tech. Every Friday at 12:30pm Pacific on Clubhouse and now we record them for you to enjoy as well. I'm Neal Bloom, entrepreneur, investor, and community builder Jonah: And I'm Jonah Peake, serial tech operator and investor both, both of us big fans of growing the San Diego tech community. Let's dive into our five stories of the week For week of Aug 27, 2021 Smartphones in the sky: Qualcomm launches first 5G and AI platform targeting commercial drones Qualcomm stated on mars Supplying chips to NASA for Ingenuity helicopter Because why not start with a challenge QQ unveiled tech to power beyond line of site flight on earth What do you think of this name? Operation Swarm or Digital Eagle or Platform is called RB5 5G platform Crop inspection Wsin turbine monitoring Package delivery Mapping Many other application potential Enabling applications like: They are also launching a physical drone kit ModalAI https://www.businesswire.com/news/home/20210817005256/en/ModalAI-Serves-as-Distributor-for-Qualcomm%E2%80%99s-World-First-5G-and-AI-Enabled-Drone-Platform-and-Reference-Design Pretty clever strategy Speed up innovation for commercial applications Drone body, rotors, etc To date 12 flights 1 mile total flight Graduated from demonstration to aerial scout for Perseverance Rover A quick update on Ingenuity: Rare defense unicorn: San Diego AI startup corrals $210M for drone technology used by military Shield AI is now worth over a billion After raising Unicorn status completed An AI startup making military surveillance drones Used in combat zones over last 3 years US forces in the middle east Allows operations in low gps Degraded GPS environments They have a platform: Nova-class Pretty cool origin story Founded by Navy Seal Brandon Tseng Goal: Help US forces scout for threats Enter buildings Send back surveillance (maps or photos) An MIT Grad Who sold company WiPower to Qualcomm Brandon teamed up with brother Ryan Who worked on Draper Labs Robotic guidance system Pairing with last founder, Andrew Reiter Shield has been growing through acquisition Heron Systems: which makes software designed to power autonomous jets Martin UAV: maker of 125 lb drones launched from vehicles From 200 to nearly 400 Both acquisitions doubled the head count over night Shield is based out of DT SD! Incubator News - find deadlines and links Founders Institute Final Admissions Deadline: Sep 19, 2021 San Diego Virtual 2021 Focus: pre-seed startup accelerator, ConnectAll Fall 2021 Cohort 5 applications are open! Apply by Aug. 30 Focus: low to moderate income and diverse founders from broad backgrounds EvoNexus Rolling Focus: DeepTech (MedTech, FinTech, AI/ML, IoT, Hardware) Logicboost Application deadline is September 30, 2021. Focus: SaaS StartBlue - Looking for mentors https://docs.google.com/forms/d/e/1FAIpQLSe6Yb63O4zwaYHqAFDDEwKJTa0tTd5X0W0QfyWIgdqWrNfwNg/viewform Focus: StartBlue, the new accelerator from UC San Diego's Scripps Institution of Oceanography and the Rady School of Management Please complete this form by Friday, September 10, 2021 for consideration. Techstars Anywhere October 6, 2021 Program starts January Join the Techstars Anywhere three-month virtual accelerator to gain funding, mentorship, and access to the Techstars network for life. We Tha Plug - We Tha Incubator - https://www.wethaplug.com/new-page Application for Cohort 2 due September 24, 2021 Have applied to an accelerator or incubator, but have not been accepted. Have been working on an idea, but cant figure out steps next. Launched and still not getting the traction you need to scale. Focus: Torrey Project - https://www.torreyproject.org/bootcamp We are offering a discounted early bird rate for our tuition until August 31st. Entrepreneurs who embrace stakeholder capitalism and use their business as a force for good. PureWater SD project - San Diego launching Pure Water, largest infrastructure project in city's history It's formally been launched 3 years ago sewage recycling system that will boost local water independence Multi Billion Dollar Project named: Pure Water Slowing it down Some Nimby Some Toilet to Tap That has navigated through a number of lawsuits This story might be a little misleading Broke ground 3 years ago Stalling at a construction of a few critical components The 3 essential pieces: Sewage purification plant in Miramar A pipeline through Clairemont supplying the plant Pump station in Morena At completion of the first phase in 2025 34 million gallons of potable water / day Another 53 million gallons come online in 2035 This project will drop imported water from 85% to less than 50% Prior to this project, only 8% of sewage had been recycled into irrigation water What are the steps of the water purification? Ozonization: Ozone gas destroys microorganisms, then consumers and converted them into O2 helpful bacteria thrive in O2 environment Consuming 30-50% anything that was or is living Biological activated filters, Steps: Membrane filtration Particles, viruses, bacteria Only salt, water and other very small molecules can pass through 300 times narrower than a human hair pulling out additional materials 50k smaller than smallest bacteria Reverse osmosis, Ultraviolet Disinfection Light (similar to extremely concentrated sunlight) Destroys DNA of any microbes left Other contaminants This results in water that meets or exceeds standards But we need to factor in a rise in price This is slightly more expensive at current rates Orange County produces 70 million gallons of purified water per day and is in the process of expanding production to 100 million gallons per day. Singapore, Australia, Virginia, Texas, and Colorado Growing need and others are looking at this system: IPOs - Carlsbad-based Tyra Bio files for IPO https://endpts.com/ra-capital-aims-to-take-preclinical-biotech-to-nasdaq-as-tyra-files-s-1-during-summer-lull/ Fundings - ShieldAI - $200M Series D AdarxPharm - $75M ContaktWorld - $1.35M Acq - SOCi acq Anaheim-based Brandify https://www.sdbj.com/news/2021/aug/15/soci-makes-first-acquisition/ Highmetric acquires NewRocket https://www.prnewswire.com/news-releases/highmetric-acquires-newrocket-301359129.html Ra Medical acq by Strata Skincare https://www.marketwatch.com/story/strata-skin-sciences-acquires-u-s-dermatology-business-of-ra-medical-271629147631 Copia https://www.sdbj.com/news/2021/aug/19/san-diego-based-biosurplus-merges-form-copia-scien/ Carwave acq by Kar for $450M https://www.prnewswire.com/news-releases/kar-to-accelerate-dealer-to-dealer-growth-profitability-through-acquisition-of-carwave-301360260.html Find us on twitter / Linkedin: @NealBloom & JonahPeake And find this news and more at FreshBrewedTech.com
Jeffrey Kraws, president of Ra Medical discusses DABRA (Destruction of Arteriosclerotic Blockages by laser Radiation Ablation) with the minimally invasive Pharos Excimer Laser for the treatment of vascular and skin diseases.
On first glance, Ra Medical Systems CFO Andrew Jackson’s 20 years as a finance executive in life sciences and technology companies seems have progressed in a traditional, orderly manner. A closer inspection of Jackson’s experience reveals that taking early-career risks can pay off handsomely. Jackson joined the manufacturer of laser-based solutions for the treatment of cardiovascular and dermatological diseases two weeks after the company decided to go public, and he filed the company’s initial S-1 with the SEC four weeks after his start date. One high-stakes career decision involved Jackson taking a title demotion, moving from controller to assistant controller. The move was strategic, though, in that it transported him from a privately held firm to a publicly listed company where he rapidly accumulated the SEC reporting skills he knew he would one day need as the CFO of a public company. It was a “a risky move to take a step down,” Jackson says, “but it ended up paying off in the long run.”
September is National Peripheral Artery Disease Awareness month. In view of this, today’s show is an edited re-broadcast of two shows from November 2017. Kym McNicholas and I interview Ra Medical founder, Dean Irwin. Dean shares his unusual path to medical innovation with some key lessons for innovators. From TV Tubes to Thermonuclear Fusion Dean […]
September is National Peripheral Artery Disease Awareness month. In view of this, today's show is an edited re-broadcast of two shows from November 2017. Kym McNicholas and I interview Ra Medical founder, Dean Irwin. Dean shares his unusual path to medical innovation with some key lessons for innovators. From TV Tubes to Thermonuclear Fusion Dean […]
No debt. No venture capital. Profitable since year three. FDA clearances are in-hand. What's next, IPO? Ra Medical Co-founder/CEO Dean Irwin talks about how a technology, once only used for LASIK surgery, has now been adapted to tackle the number one killer in America, Cardiovascular Disease. Their ultimate goal with this technology? To prevent heart attacks by unclogging coronary arteries. Despite what your mother always told you growing up about sun exposure, UV radiation can actually be life-saving. Dean Irwin, co-founder of DABRA and CEO of RA Medica will tell us how his company harnesses the power of the sun to create a huge medical breakthrough. The excimer laser combines gases that react to create a laser light in the ultraviolet range. RA Medical has turned this laser into a medical miracle that can ablate right through the rock hard calcium and other buildup in the arteries, turning it back into its constituent, pre-existing components. The most recent news? DABRA has just received FDA approval for clinical trial and funding from Medicare. DABRA stands for Destruction of Arteriosclerotic Blockages by Laser Radiation Ablation. Dean combines his skills such as chemistry, optics and mechanics to uncover next-level medical inventions. He took his knowledge of electronics and how that kind of power system works and began to apply it to the excimer laser. After much trouble and set-back at General Atomics, Dean eventually started RA Medical when he was able to discover the ideal wavelength of the excimer laser to treat specific disorders. Dean took that model and evolved it into the PHAROS excimer laser that sends embarrassing skin conditions such psoriasis and vitiligo into remission. Now, with the DABRA laser, RA Medical is treating patients who suffer cardiovascular diseases using liquid instead of glass. They find that the excimer laser catheter, or DABRA, also keeps the physicians out of trouble. It doesn't have a lot of adverse events. In fact, in their pilot study, they did not have a single adverse event. A very rare, safe, and affordable cure is what this is! Doctors are keen to start using the DABRA because of the lack of a solution for 100% blockages in which a guidewire cannot cross through. RA Medical hopes to move the DABRA system beyond Peripheral Artery Disease. They see greater applications for arteries feeding the heart, as well as applications unclogging stents (in-stent restenosis). More FDA studies to come.
This is an impactful hour for any startup that needs to grow a company from idea to profitability without debt and WITHOUT VENTURE CAPITAL! Melissa Burstein is a sales/marketing genius of a medical device company, Ra Medical, that you will be hearing about A LOT over the next year as they have developed breakthrough medical laser technology. She hit the ground running when her co-founder Dean Irwin developed a breakthrough laser technology to send dermatological diseases such as vitiligo and psoriasis into remission and is now in the middle of an FDA study for a cardiovascular laser to unclog arteries, which doctors have told me is a 'GAME CHANGER'. They had NO BUDGET in the beginning for a sales or marketing team, and so she shares some CREATIVE ways she was able to get attention and drive revenue for their dermatology business! They became profitable just a couple of years in and thanks to frugality as well in accepting hand-me-down furniture such as desks, lights, and more, they were able to reinvest all of that into R&D for their cardiovascular laser. During the show you’ll hear about how her background, including time at pharmaceutical company, Eli Lily, and marketing Cialis, the erectile dysfunction drug, and her marketing tactics she used to get consumers to buy into a brand they’d never heard of and didn’t want to admit they needed. She also offers some fantastic approaches to building relationships, getting attention for your brand, and creating the ultimate sales team on a limited or no budget.
07.15.2016 - Hour 1: We answer the question: How do we innovate our way to unity in a nation divided? Tayo, who runs a Centre for Healing in the UK, shares how to innovate through music. She also debuts her single “We Shall Overcome”. “Reboot Safety” founder Linda Maepa discusses her “Keeping The Peace” hackathon in San Francisco. In “The Edge”, Reflektion Founder Sean Moran explains why most online shopping carts are abandoned and how companies can customize the customer experience. In “HealthTech”, Ra Medical. CEO Dean Irwin discusses his Excimer Lasers, which send dermatological diseases (Vitiligo and Psoriasis) into remission and unclog arteries.