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Compremium captures award at prestigious pediatric medical device competition
Compremium was one of five promising innovators awarded a $50,000 grant in the prestigious “Make Your Medical Device Pitch for Kids!” competition which focused on improving care for children with heart conditions held in Toronto recently. The competition was co-presented by Alliance for Pediatric Device Innovation (APDI), a nonprofit consortium led by Children’s National Hospital and funded by the U.S. Food and Drug Administration (FDA), and by Additional Ventures, a nonprofit focused on accelerating research progress and improving clinical care for individuals born with single ventricle heart defects.
With a total of $300,000 in grant awards available, the competition focused on medical device technologies that address the critical unmet needs of pediatric heart patients. Compremium was one of ten innovators who pitched their medical technologies to a panel of expert judges. Awardees were selected based on their innovation’s potential to improve care for children and the likelihood that the innovation can complete the complex journey to the marketplace.
Compremium stood out for its non-invasive diagnostic device that measures and monitors compressibility in the body. This method has been validated through various clinical trials, demonstrating its reliability as an aid in diagnosing and monitoring a range of acute and chronic medical conditions.
The device prototype has been in regular use for six years by NASA on the International Space Station (ISS). Compremium believes that its innovative technology has the potential to assist in diagnosing over 30 medical indications in the future. It will be especially valuable in emergency and trauma situations, as well as in orthopedics and sports medicine.
“This recognition is a significant testament to the dedication, passion, and precision of our entire team. While this award highlights our focus on alleviating the anxiety that children, their families, and doctors often face in medical diagnostics, our solution also addresses the needs of adults and a wide range of the medical field.”
Vincent Baumann, CEO Compremium AG
In addition to the $50,000 grant award, Compremium receives access to support services and technical expertise provided by APDI and Additional Ventures, including engineering, regulatory, reimbursement, clinical trials study design, and data science services.
"Congratulations to our awardees, whose innovative technologies show great promise in advancing care for pediatric heart patients," said Kolaleh Eskandanian, Ph.D., M.B.A., vice president and chief innovation officer at Children's National and APDI program director and principal investigator. "We are thrilled to welcome this new cohort into our pediatric device accelerator, where they will have the opportunity to collaborate with clinician-scientists at Children's National and connect to Additional Ventures’ network. Along with these collaborations, the awardees will benefit from a full range of APDI wraparound services."
The competition was held during the 12th Annual Pediatric Device Innovation Symposium hosted by Children’s National Hospital and co-located with The MedTech Conference powered by AdvaMed.
“Additional Ventures is thrilled to support this new class of innovators whose products will make a profound impact in the management and care of pediatric heart patients,” said Additional Ventures CEO Kristie Keller, Ph.D. “We welcome them to our growing community of inventors, researchers and clinicians, and we look forward to working together with our awarded teams and ADPI to bring these products to market. We hope that this competition both inspires and activates the community and brings much-needed new entrants and new ideas to pediatric-first device development.”
“This recognition is a significant testament to the dedication, passion, and precision of our entire team. While this award highlights our focus on alleviating the anxiety that children, their families, and doctors often face in medical diagnostics, our solution also addresses the needs of adults and a wide range of the medical field.” says Vincent Bauman, CEO of Compremium. “Our thanks go to the Children’s National Hospital for the opportunity and we are looking forward to further strengthen the partnership.”
In addition to Compremium, the following US companies were honored with an award:
• Bloom Standard, Minneapolis, MN
• Massachusetts Institute of Technology, Cambridge, MA
• OxiWear, Arlington, VA
• PyrAmes Inc., Cupertino, CA
• Sibel Health, Chicago, IL
For more information about the “Make Your Medical Device Pitch for Kids!” competition, visit www.innovate4kids.org.
