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Commercialization
Opportunities
WBI is actively pursuing strategic alliances with other device
companies to commercialize several of its technologies that are at an advanced
stage of development. These include: transcutaneous energy transmission
(TET) systems, drug-releasing materials for catheters, and a fibrin-based
topical hemostatic agent/tissue adhesive.
New Federal Awards
The company is pleased to announce the award of two
new Small Business Innovative Research (SBIR) grants from the National Institutes
of Health (NIH).
The first is a program to
develop a new negative pressure ventilator that will significantly reduce the
incidence of infection associated with long-term respiratory support. That
program will be conducted with clinical investigators at the Massachusetts
General Hospital in Boston.
The second
is a progarm to develop new
technology for monitoring the inlet pressure of implanted left ventricular assist devices.
This is of particular importance for the rotary blood pump systems that
have now entered clinical trials. Control of the pump speed to prevent generation of high
negative pressures in the heart that can cause excessive blood damage or strokes remains
a significant issue. Currently, these devices rely on mathematical algorithms that can only approximate
conditions at the pump inflow.
Private Initiatives
The company is seeking individual or group investors who are interested in
the medical device sector. An immediate goal is to raise funds for commercializing the drug eluting
urinary catheter we are developing to reduce the incidence of catheter-related urinary
tract infection. The manufacturing will be done by our wholly owned subsidiary Cambridge
Cardiovascular Incorporated.
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