Guest guest Posted April 10, 2007 Report Share Posted April 10, 2007 Biomedical Pain-source Detector Seen As Potentially Revolutionary http://www.medicalnewstoday.com/medicalnews.php?newsid=66987 s Institute of Technology and Connecticut Innovations (CI), the state's quasi-public authority responsible for technology investing and innovation development, today announced that they had completed an agreement for a seed-stage investment of $500,000 in s Proof of Concept Inc. (SPOC), a Technogenesis® Company founded at s Institute of Technology. CI made this investment through its Connecticut BioSeed Fund. SPOC was formed in July 2005 at s by Vice President Helena S. Wisniewski in the Office of University Research and Enterprise Development, along with Dr. Norman Marcus, a leader in pain management, and a team of s undergraduate students in biomedical engineering. SPOC has developed a proprietary point-of- care medical diagnostic system, consisting of a medical device and methodology that pinpoint the specific myofascial (muscle) trigger points causing pain. The patent pending device is the first use of electroneural stimulation for diagnostic purposes. SPOC's diagnostic system will benefit patients by helping to eliminate treatments that prove to be ineffective, such as surgical procedures, and by allowing physicians to locate and treat more effectively muscles that generate pain. Since approximately 100 million people in the United States suffer from chronic pain and approximately 80 percent of Americans suffer from some form of pain in their lifetime, the potential market for such a system is enormous. " SPOC's diagnostic device is disruptive - it will revolutionize neck and back pain diagnosis and treatment practices, " said Dr. Wisniewski, who launched SPOC and serves as a member of the board. Wisniewski added, " We are very pleased to enter into a relationship with CI, an organization committed to commercializing technologies for the public good, which is aligned with s' Technogenesis paradigm. " SPOC's CEO, Dr. Vikki Hazelwood, said, " The entrepreneurial environment within s has fostered a very successful collaboration between s' Biomedical Engineers and Dr. Marcus. Now, with the financial support from CI, I am confident that we have extremely solid footing upon which we can commercialize the product. " " We are very excited to be investing in a company that has developed a tool that allows for a revolution in the accuracy and precision of muscle pain diagnosis, " said Longo, executive vice president and chief investment officer of Connecticut Innovations. " And we are delighted that the management of SPOC, whose technology was developed at the s Institute of Technology in New Jersey, has decided to locate the company in Connecticut. " Longo added, " We hope that SPOC's diagnostic tool will become as common as the stethoscope and that all doctors will carry one in their pocket. " Quote Link to comment Share on other sites More sharing options...
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