Cardiac technology company InvisionHeart is the newest tenant at the CET Life Sciences Center, a partnership between Cumberland Pharmaceuticals, Vanderbilt University and the state of Tennessee.
"We are very pleased to welcome InvisionHeart to the growing community of health care entrepreneurs at the CET Life Sciences Center," A.J. Kazimi, Cumberland Pharmaceuticals CEO, said in a release. "We are committed to helping build the biomedical segment of the health care industry in Middle Tennessee."
InvisionHeart raised $1.9 million last year and most recently hired Melanie Varin, formerly with GE Healthcare, to lead commercialization efforts. The company's devices allow health care providers to read and transmit real-time electrocardiogram tracings to cardiologists. The company is the sixth tenant at the CET Life Sciences Center.
"We are delighted to join the community of companies at the CET Life Sciences Center,” said Josh Nickols, President and CEO of InvisionHeart. “Our office is a great fit for the needs of a collaborative, team-oriented layout, as well as being suited to the requirements of a controlled manufacturing location. The center is conveniently located near the resources of Vanderbilt University, the Nashville Entrepreneur Center, and other healthcare companies that have supported development of the InvisionHeart ECG technology. This location and the second half of 2015 will be vitally important as we prepare for the introduction of our products to the market."
Two Vanderbilt-born startups have been accepted in the third class of the 2014 ZeroTo510 medical device accelerator in Memphis. Blood Monitoring Solutions and EndoInsight will begin the 12-week Memphis Bioworks Business Incubator next week, each receiving $50,000 in initial seed capital.
Led by a recent Vanderbilt University grad, Blood Monitoring Solutions has created a tracking system that reduces the amount blood wasted in hospitals. EndoInsight uses patented Vanderbilt University technology and provides a low-cost carbon dioxide insufflation systems intended to reduce pain associated with colonoscopies.
Two other teams, Innometrix from Oxford, Mississippi, and Compression Kinetics from Chapel Hill, N.C., have also been chosen.
Director of entrepreneurship and sustainability for Memphis Bioworks Foundation Allan Daisley said in a release the program chose to accept fewer teams into the program this year to focus on "what types of concepts and products have the greatest likelihood of emerging into our ecosystem with both the potential for follow-on funding and long-term business viability."
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