TEDCO, Maryland’s economic engine for technology companies, announced today its Venture Funds invested $300,000 in Linshom Medical, Inc., a start-up that is eliminating the morbidity, mortality and expense caused by unrecognized respiratory decline in healthcare.
“Current standard of care is missing many adverse event warnings from patients and about 75% of these warnings are respiratory in origin. Up to two million codes per year are potentially avoidable. Our sensor is a non-invasive device that solves this disconnect between standard of care and patient needs for continuous predictive respiratory monitoring (CPRM),” explains Ric Hughen, CEO of Linshom Medical. “With CPRM clinical teams gain advance notice of respiratory decline where action can be taken to avoid complications and patient injury.”
Linshom Medical, based in Ellicott City, Md., developed and patented the respiratory sensor technology and then gained FDA clearance with validating data from the Cleveland Clinic and Harvard. The company is entering a $2 billion US market next month via clinical study at Ohio State University Wexner Medical Center. The technology was advanced in 2021 with an $800K US Air Force Small Business Innovation Research (SBIR) contract in the dualuse program for civilian and military applications. The National Institutes of Health (NIH) also recently awarded Linshom Medical a $2.4 million SBIR fast-trackgrant to further advance the technology and product.
“Linshom’s innovative device can help change all kinds of patient care, from care in the field to care at the bedside,” said Katherine Hill Ritchie, senior director of Venture Funds, TEDCO.“TEDCO’s investment will help Linshomgrow and provide patients with a non-invasive, comfortable solution that leads to better results and care.”
TEDCO’s evergreen Venture Funds are dedicated to funding and growing the next generation of early-stage businesses in Maryland. For entrepreneurs interested in TEDCO’s funding opportunities, please visit https://www.tedcomd.com/funding.
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
About Linshom Medical
Linshom Medical is first to deliver an Operating Room quality respiratory profile to the patient bedside or homefor continuous, predictive respiratory monitoring (CPRM). Our patented and FDA cleared device provides a respiratory profile including Respiratory Rate (RR), Tidal Volume (rTV) and Seconds Since Last Breath(SSLB) that are all delivered continuously and in real time. Our mission is to eliminate the morbidity, mortality and costdue to unrecognized respiratory compromise in healthcare with the first predictive respiratory device vs. the current responsive systems used today. For more information, visit https://linshomforlife.com/.