By Erika Wu, Business Development Representative, LSN
What if we could automate and improve medical visits by reducing in-person patient contact, administrative burdens and operation costs? Hear what CEO James Bates and his team at AdviNOW Medical are doing to utilize AR and AI to expand healthcare access to anywhere you are. RESI AI returns September 16-17 with dynamic panels, as well as opportunities to pitch to a live panel of AI investors. Get involved and tell your story at Innovator’s Pitch Challenge! Applications are due by Friday, August 20, so submit yours today!
By Rory McCann, Marketing Manager & Conference Producer, LSN
Every startup operates according to the strengths of its leaders and partners, making it essential for successful companies to be built on the diverse skill sets of their teams. Former Innovation Challenge (now Innovator’s Pitch Challenge) winner, Moexa is a shining example of unique experiences and diverse skills put to the test and passing.
Moexa Director and CEO, Anthony Desir has had a successful career in finance and business development before leading the multi-national drug research and development company, and took the time to share his RESI experience, as well as the tools he’s utilized to lead Moexa and lessons he’s learned along the way. Listen to our conversation and sign up for RESI Partnering Week, September 13-17 to jumpstart your own early-stage fundraising journey. Early bird rates for RESI Partnering Week end Friday, August 6. Register today to save!
By Erika Wu, Business Development Representative, LSN
Is the future of diabetes management here? Learn about what Dr. Marc Rippen and his team at Alertgy are achieving with their patented technology and artificial intelligence (AI) to provide on-demand blood glucose readings. You can also see Alertgy at the Innovator’s Pitch Challenge during the digital RESI Partnering Week, September 13-17. Join RESI AI (September 16-17) for dynamic panels, as well as opportunities to pitch to a live panel of investors. Learn more about how you can get involved and tell your story at Innovator’s Pitch Challenge!
Dr. Karim S. Karim, PhD, PEng, MBA, is the Founder and Chief Technology Officer of KA Imaging. Karim has developed novel X-ray imaging devices and systems since 1998 and has founded multiple startups in the past two decades. He is also a Professor of Engineering at the University of Waterloo where he has raised more than $15M in research grant funding, trained over 40 PhD and MASc students, has co-authored 250+ publications and 50+ patents. Some of the pixel circuit technology he developed during his PhD is now used in ultrasonic fingerprint sensors in mobile phones and tablets.
Erika Wu: How is artificial intelligence incorporated into your product, and where is KA Imaging now?
Dr. Karim S. Karim: KA Imaging is a spin-off company from the University of Waterloo in Canada and specializes in developing innovative X-ray imaging technologies and systems to create solutions for the medical, veterinary and non-destructive test industrial markets. Our vision is innovative X-ray everywhere and our mission is to enable our employees the freedom to innovate and create high performance products, for our customers, using cutting edge advances in X-ray technologies. Artificial Intelligence (AI) is a critical part of ongoing innovation in the X-ray imaging space – it has been shown to help clinicians improve diagnostic accuracy and it has also been used to improve X-ray image quality. Our flagship product is the Reveal 35C, the world’s first portable, single-exposure, dual-energy X-ray detector that enables early detection compared to traditional X-ray solutions. Reveal is vendor-agnostic and can be retrofit onto any fixed or portable X-ray machine. What this means for clinicians is that they can instantly become more effective and efficient with their time recognizing diseases earlier and with greater confidence. What this means for patients is better outcomes so they can go home sooner and safely. Unlike standard X-ray, dual-energy X-ray techniques from our flagship product, Reveal 35C, leverage the wealth of spectral data that is present yet hidden in each conventional X-ray spectrum to achieve better bone and tissue contrast. AI algorithms can leverage this spectrally separated data to achieve more accurate image interpretation and analyses compared to AI algorithms that use only the data obtained from a standard X-ray detector.
We are actively seeking funding up to $25M USD in a Series B financing round. We are also looking for strategic OEM/integrator and distribution partnerships to grow our sales channels in North America and internationally. The Reveal 35C is FDA-cleared, Health Canada-approved, TGA Australia-approved, and is expected to be cleared for sale in Europe next year. Recently, we signed up Alpha Imaging as a distribution partner in the USA as well as a number of international distributors in Australia, Mexico, Malaysia, Indonesia and Pakistan. Reveal 35C was also recognized as a Technology Breakthrough by Premier, a leading technology-driven healthcare improvement company, uniting an alliance of more than 4,100 US hospitals and 200,000 other providers and organizations to transform healthcare. Reveal 35C was also listed in the 2021 WHO Compendium of Innovative Health Technologies.
Erika Wu: If you could describe AI in three words, what would they be? What is a piece of advice you’d give to startup CEOs?
Dr. Karim S. Karim: AI is transformative, helpful, and inevitable. My advice is, “People before things always” or alternately, “Put people ahead of other stuff.” People may forget the content of a conversation you had, but they rarely forget the feeling you’ve left them with, so choose your words and actions wisely.
Erika Wu: What are some challenges you’ve learned from and how have they impacted the future of KA Imaging?
Dr. Karim S. Karim: The medical device field is very unusual because you have to promote your product as innovative to investors and incremental to regulatory bodies simultaneously. Jokes aside, for a technology to translate into a really innovative product, your product must do everything the existing market leader is doing and still improve something. This is why Reveal 35C is simultaneously the world’s best X-ray detector and the world’s first portable dual energy X-ray detector. Our team worked hard to achieve this so that ultimately, we would have a chance to replace every X-ray detector in the world with a Reveal 35C. So our staff designed Reveal 35C to use the same dose, the same X-ray source, and the same clinical workflow as a standard X-ray detector, and we put the entire product into a package that looks, weighs and feels like a standard X-ray detector. Yet, the user can get two extra bone and soft tissue dual-energy X-ray images in addition to the standard X-ray image simultaneously using only one exposure. Reveal 35C is highly innovative because it uses the existing information in the X-ray spectrum (which is ignored by standard X-ray) and provides this to both clinicians and AI software for enhanced decision-making.
By Erika Wu, Business Development Representative, LSN
Past RESI AI panelist, Jonathan Cohen returns to give an update on 20/20 Gene Systems, including an expansion from cancer detection to respiratory and cardiovascular diagnostics. Learn how Jonathan and the team are using Artificial Intelligence (AI) to expand their offerings, and how they’re working to create more opportunities for early-stage diagnostic startups. RESI AI returns September 16-17 with dynamic panels, as well as opportunities to pitch to a live panel of investors. Learn more about how you can get involved and tell your story at Innovator’s Pitch Challenge!
By Rory McCann, Marketing Manager & Conference Producer, LSN
Pepper Landson has been driven by curiosity and molded by a problem-solving worldview for many years, from childhood to starting her career in HIV/AIDS research. The drive she’s developed has led her into early success with Praetego, a preclinical biotech using novel small molecule technology to address diabetic complications.
Pepper was a winner in the Digital RESI June Innovator’s Pitch Challenge, and we connected to tell more of the Praetego story and learn from her experience.
Are you interested in joining the next Innovator’s Pitch Challenge? Join RESI Partnering Week, September 13-17 and apply for a chance to pitch to a panel of active investors who are relevant for your product and stage of development. Sign up by August 6 to save!
By Erika Wu, Business Development Representative, LSN
From the early days of his career, Dr. Chris Kent, President & CEO of ODS Medical, knew he wanted to push the limits of brain cancer tumor detection with Artificial Intelligence (AI). ODS Medical is looking to launch their first pivotal clinical trial by mid-2022. Chris is a former RESI AI panelist. Hear what he and the team have been working on this year and register now for RESI AI (September 16-17) and tell your story at the Innovator’s Pitch Challenge!
The firm is focused on therapeutics companies and does not invest in medical devices, diagnostics, or digital health. The firm is open to considering assets of very early stages, even those as early as lead optimization phase. The firm considers various modalities, including antibodies, small molecules, and cell therapy. Currently, the firm is not interested in gene therapy. Indication-wise, the firm is most interested in oncology and autoimmune diseases but has recently looked at fibrotic diseases and certain rare diseases as well.
The firm is opportunistic across all subsectors of healthcare. Within MedTech, the firm is most interested in medical devices, artificial intelligence, robotics, and mobile health. The firm is seeking post-prototype innovations that are FDA cleared or are close to receiving clearance. Within therapeutics, the firm is interested in therapeutics for large disease markets such as oncology, neurology, and metabolic diseases. The firm is open to all modalities with a special interest in immunotherapy and cell therapy.
A strategic investment firm of a large global pharmaceutical makes investments ranging from $5 million to $30 million, acting either as a sole investor or within a syndicate. The firm is open to considering therapeutic opportunities globally, but only if the company is pursuing a market opportunity in the USA and is in dialogue with the US FDA.
The firm is currently looking for new investment opportunities in enterprise software, medical devices, and the healthcare IT space. The firm will invest in 510k devices and healthcare IT companies, and it is very opportunistic in terms of indications. In the past, the firm was active in medical device companies developing dental devices, endovascular innovation devices, and women’s health devices.
A venture capital firm founded in 2005 has multiple offices throughout Asia, New York, and San Diego. The firm has closed its fifth fund in 2017 and is currently raising a sixth fund, which the firm is targeting to be the largest fund to date. The firm continues to actively seek investment opportunities across a […]