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Dry Powder Inhaler Project: Need $1.2 Million!

2013.08.21 16:05

Basic Information

Company Name

 

Registration Address

Israel

Industry  (energy saving and environmental protection, new energy, mobile Internet, consumer goods, creative culture, high-end equipment manufacturing, IT, life sciences, modern services, modern agriculture, new materials, others)

Medical Devices

Project Description

 

The company is developing a breakthrough DPI (Dry Powder Inhaler) that uses advanced technology to overcome the drawbacks of current inhalers. This proprietary inhaler is the first device to combine an active dry powder fluidization mechanism that works with low inhalation flow rates combined with a unique real-time feedback control and data logger that indicates proper inhalation technique and follow-up.The product assures optimal drug delivery. Young children and the elderly will particularly benefit from the advantages of its dry powder inhalation.The product’s unique DPI is developed for the treatment of pulmonary diseases such as asthma and chronic obstructive pulmonary disease (COPD). A successful First In Man trial on asthmatic children was completed on May 2013. The global market for pulmonary drug delivery systems totaled $22.5 billion for 2011. That number is projected to increase at a compound annual growth rate (CAGR) of 14.3% between 2011 and 2016, reaching nearly $44 billion in 2016. The DPI segment, worth $7.5 billion in 2011, should be worth nearly $13.4 billion in 2016, a CAGR of 12.3%

Date of Establishment

November 2010

Revenue of Last Year ($)

non

Operating Profit  of Last Year ($)

non

Core Competence

DPI inhaler development and marketing

Number of Employees

4

Capital Structure

Equity

Does the company hold patent?

Patent pending

Patent Description

Name

DRY POWDER DELIVERY DEVICE

Application No.

10813136.8

13/519,168

Type

National

Granted Date

 

Application Date

 

Patent Holder/Applicant

The company

Project Requirement

Capital Requirement ($)

$1.2 million

Purpose of  Financing

Commercial product development