nView medical awarded $50K through FDA-funded NCC-PDI pitch competition
Salt Lake City, UT – April 30, 2019 – nView medical, a Salt Lake City-based startup, was awarded $50,000 in grant funding during the “Make Your Medical Device Pitch for Kids!” competition, hosted by the National Capital Consortium for Pediatric Device Innovation (NCC-PDI) on Tuesday, April 30 in College Park, Maryland. As one of five competition winners, nView medical also gains access to the first-of-its-kind NCC-PDI “Pediatric Device Innovator Accelerator Program” led by MedTech Innovator.
The competition focused exclusively on medical devices for pediatric orthopedics and spine, a sector that the FDA identified as an emerging underserved specialty lacking innovation.
nView medical develops technology to provide 3D imaging in surgery. The company uses AI image creation algorithms that merge prior information with real-time data gathered during surgery to reduce imaging time and to minimize x-ray radiation. Its first product, nView s1, is a surgical scanner specifically designed for the pediatric orthopedic market (510(k) pending).
“As soon as we started talking to pediatric surgeons about their use of imaging in the OR we realized that the segment was not well served by current technologies. Existing 3D technologies often require an additional CT-scan, which can harm our children. Given the low-dose performance of our imaging system, we decided to address pediatrics ahead of the adult market.” said Cristian Atria, Founder and CEO of nView medical. “Winning this competition further validates our pivot to pediatrics. Thanks to this grant we will be able to strengthen our medical research in this field and together with NCC-PDI and MedTech Innovator we look forward to fulfill our mission to make surgery safer, faster and consistently accurate.”
Awarding a total of $250,000 in grant funding to the winners, NCC-PDI is one of five FDA Pediatric Device Consortia grant programs that support the development and commercialization of pediatric medical devices. NCC-PDI is led by the Sheikh Zayed Institute for Pediatric Surgical Innovation at Children’s National Health System and the A. James Clark School of Engineering at the University of Maryland. The consortium recently added new accelerators BioHealth Innovation and MedTech Innovator and design firm partner, Smithwise.
“We’re proud to name nView medical one of our 2019 pitch competition winners and welcome them to NCC-PDI’s portfolio of companies,” says Kolaleh Eskandanian, Ph.D., MBA, PMP, vice president and chief innovation officer at Children’s National and principal investigator of NCC-PDI. “This marks the beginning of our relationship as we prepare to wrap our network around nView to accelerate the process of bringing nView s1 to market and advancing care in pediatric orthopedics and spine.”
With a goal of advancing the development of pediatric medical devices, this was NCC-PDI’s eighth competition in six years. All winning innovators receive mentorship and support through NCC-PDI’s network of experts, consisting of medtech executives, investors, specialty pediatricians and FDA regulatory and business consultants. To date, the consortium has supported 94 pediatric medical devices and helped five companies receive FDA or CE mark regulatory clearance.
The additional winners are:
AMB Surgical, LLC, Dayton, Ohio – FLYTE, a device designed to reduce invasive and repetitive surgery in children and teens with orthopedic illnesses such as scoliosis and limb abnormalities
Auctus Surgical, Inc., San Francisco, Calif. – Auctus Surgical Dynamic Spinal Tethering System, a mechanism used to correct the scoliotic spine in pediatric patients through a tethering procedure
Children’s National Medical Center, Washington, D.C.– Babysteps platform to improve initial assessment of clubfoot deformity and predict the magnitude of correction
ApiFix Ltd, Boston, Mass. – ApiFix’s Minimally Invasive Deformity Correction (MID-C) System, a posterior dynamic deformity correction system for surgical treatment to provide permanent spinal curve correction while retaining flexibility
To learn more about nView medical, visit nviewmed.com.
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