life sciences entrepreneur certificate. $10m, 3 ½ year competition to develop a handheld medical...
TRANSCRIPT
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
• $10M, 3 ½ year competition to develop a
handheld medical diagnostic device
• De-skill medicine to enable affordable, accessible
health care
• Global impact on mobile healthcare
• TSI directly supports SDSU X-Team success
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
SDSU building 'Star Trek' tricorder
By Gary Robbins8:35 p.m.April 26, 2013
The X Prize Foundation last year created a long-term, worldwide contest …Qualcomm Tricorder X Prize has drawn hundreds of competitors, including at least 10 teams from San Diego County. The latest competitor is one of the region’s academic powerhouses: San Diego State University.
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
• Forward-looking
• Inexpensive, integrated software solutions
• Focus on user experience
• Commercial partner with hardware developers
TrossSolutions Inc.
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
• NASA in the 60s
• Like ‘race to space’, Apollo program
• That goal required a variety of new and integrated technologies
• We developed a portfolio of commercializable technologies to build the Tricorder and win the XPRIZE
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
Competition Launch
(Jan 2012)
Event(Jan 2012)
Event(Jan 2012)
SDSU Xteam on ABC News(Apr 2013)
SDSUEnters Semi-Finals
(Nov 2013)
Universal Driver Hub (Q-
Bit)Complete(Nov 2013)
TODAY
Prototype Submittal(Feb 2015)
Finals(Q2 2015)
XPRIZE Milestone & Events
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LIFE SCIENCES ENTREPRENEUR CERTIFICATE
Q Bit Devices
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LIFE SCIENCES ENTREPRENEUR CERTIFICATE
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
• Q-Bit – Universal Driver Hub:
• Simultaneously connect up to 7 Bluetooth devices
• Identify type of device and data stream
• Multiplex data stream in one buffer
• Display multi device data on one single platform
• Software runs on all android platforms
• Full input/output device mgmt.
• Synchronization
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
LIFE SCIENCES ENTREPRENEUR CERTIFICATE
TRICORDER
Diagnostic Medical Device for Home and Clinical Use
Problem
• Inadequate consumer access to rapid, effective medical diagnostics
• High cost and lengthy processing in lab industry • High cost of diagnostic equipment
Investment andExit Strategy
• $10 Million Sought
• Sale to Strategic Partner• Initial Public Offering
Solution
• We provide low-cost, effective Point-of-Care (POC) medical diagnostics
•We integrate with existing wireless technology
Value Proposition
• Increased access to rapid, quality medical diagnostics
• Decreased cost of diagnostic access and equipment
IP Strategy• IP in progress for software and trademarks• Professional and Pro Bono legal counsel from TechLaw LLP• Research and license agreements with strategic partners
BUSINESS SUMMARY
Competitive Differentiation
• Flexible Software and Device Integration
• Agnostic to Manufacturer
• Scalable and Expandable
• User Data Portability and Security
PROBLEM: CURRENT HOME TECHNOLOGY
PROBLEM: CURRENT CLINICAL TECHNOLOGY
SAMPLE PROCESSING
(1-2 weeks) @ service provider
Setup appointment(1-2 weeks)
Feedback to Patient(~1 month)
SOLUTION: TSI TRICORDER
Shorten time to care or intervention:
• Home application - Tricorder can diagnose a
number of common diseases at home
• Clinical application – Tricorder can reduce time to
attain sample analysis (from 1 month to 20-30
minutes)
• Reduces time to see physician or attain intervention
(drug / surgery or more in-depth analysis)
TRICORDER SYSTEMTRICORDER SYSTEM:
• Multiple LASER systems
• Gas Sensors• Microfluidics system• Software: Agnostic
Device Integration, Onboard Sample Analysis
• Smartphone
• 3rd Party Wireless Vital Sign Sensors
(Masimo, Zephyr, etc.)
Sample INPUT (fluids):
• Blood• Sputum• Urine
AND
• Vital Signs (Wearable Sensors)
TRICORDER OUTPUT:
• Cholesterol• White
Blood Cell Count
• Glucose• Protein• Amino Acid• Blood
Count• Biomarkers• Vitals• Disease
Diagnosis• Etc. (214
tests currently in line to assess)
HOME AND CLINICAL DATA SECURITY
• User data encrypted and secured with private key
• All data encrypted, from sensors to reports
• Data transferred via encrypted, secured tunnels
• “Your data is your own”, we don’t see user data
• Designing for FDA and HIPAA compliance
TRICORDER BENEFITS
• Easy-to-load disposable sample cartridges
• Clinical unit will be CLIA waived (can operate
anywhere)
• Targeted WEEE, REACH, RoHS compliant as well as
FDA / CE Marking
• Improvement in quality of data / time for data
delivery for analysis
• Remove a layer of costs (Sample Service provider) to
Healthcare
• Integrated system for ease of use / share Data to
Cloud
• Increased healthcare accessibility
TRICORDER BENEFITS
Home Use Clinical Office Use
Patient
• Ability to make an more informed decision
• Ease in Data Management• Reduced time to reach
healthcare service • Increased accessibility to
anywhere with power and wireless network
• Ability to analyze patient sample on same visit
• Reduction of wait time for Health Care assessment and ultimately intervention
• Reduce cost for sample testing
Doctors
• Ability to monitor patients at home
• Reduction of visits to urgent care and emergency room
• Provide greater options to Patient
• Increase revenue for sampling in office
• System Assists doctors to be close out patient cases sooner
COMPETITIVE ANALYSISPoint of CarePlayers Systems Test Methods Disease Detection Continuous
MonetoringInteroperability Portability Scalability Seamless InterfaceSecurity
Abbot i-STAT® Blood Distributed Health Sense* Vitals Scanadu Scout* Vitals Sotera VisiMobile Vitals TrossSolutions TSI Medical Tricorder Vitals, Fluids Life Watch CAM Vitals CAM: Cardiac Arrhythmia Monitoring
Indirect Players Systems Test Methods Versatility Technology Portability Scalability
Theranos Nanotainer Lab methods Consumer Physics SCiO spectroscopy BD Biosciences BD Stemflow™ ICF TellSpec TI's DLP 0.45 spectroscopy TrossSolutions Que system Vitals, Fluids Versatility: Measure a variety of samples in a variety of environments and packaging with just one unit
*Claims
ICF:Intracellular flow cytometry
TRICORDER MARKET
$21.1 B
Market
Clinical testing performed annually•Standard Testing – $15.3B•Anatomical Pathology – $5.8B•Largest competitors: Quest Diagnostics / Laboratory Corporation of America Holdings
$26 BMarket
Mobile Health Apps Market – $26B (2017 estimate)•Fitness Device– $10B•Wellness and Nutrition – $9.3B•Wireless Medical Device– $6B•Largest competitors: emerging market, no market leader currently
TRICORDER TIMELINE
Investment:$1,000,000
Proof of Concept Prototype
-------12 months ------
Investment:$9,000,000
Product DevelopmentCLIA Waiver Approval
------- 24 -36 months ------
Product DevelopmentFDA Approval
-------36 - 48 months -----
Home MarketEntry
R&D marketEntry
Clinical Revenue
Clinical marketEntry
Partnerships Advanced Laser Companies
Microfluidics Companies
Medical Device Companies
Mobile Device Companies
Design & Prototyping
Companies
XPRIZE
San Diego State University
TechLaw LLP
COMPANY TRACTION
ORG CHART Core Team
Bioscience Team
Software Team
Engineering Team
Bus-Dev Team
Graphics Team
PR/Media Team
Strategic Partners
SDSU X-Team comprises over 50 team members from all disciplines, including SDSU students, staff, faculty and strategic partners.
• 12 MBAs• 12 Programmers• 10 PhDs• 9 Graphic Designers• 4 Engineers• 3 MDs• 2 PR Specialists• 1 ScD• 1 JD
CORE TEAM
•CEO: (seeking successful bio-tech executive)
•President & Team Captain: Lambert Ninteman•Exec VP & Quality: David Wong•VP Software: Scott Lindeneau•Product Manager: Ian Winfield•Lead Bio-engineer: Gene Rayford•Business Development: Gaurav Parbat•Media Relations: Alexandra Swanland
•Chief Medical Adviser: Dr. Roberta Gottlieb (Cedars-Sinai)•Senior Biomedical Adviser: Dr. Nick Gekakis (SDSU)•Senior Laser Adviser: Sam Crivello (Daylight Solutions)
WHAT MAKES US THINK WE CAN DO IT..?• Amazing Team
• Superlative Relationship with SDSU
• Great Strategic Partners
• XPRIZE, media coverage
EXIT STRATEGY
Liquidity to Shareholders: • By exiting via a sale to a strategic acquirer in three
to four years
• Or potentially via an Initial Public Offering (IPO)
Ideal Candidate: • Global healthcare, bio-tech or telecommunication
group pursuing a consolidation strategy to maintain market leverage
• BD, ThermoFisher, Abbott, J&J, 3M, HP, Sony, Google
BACKUP SLIDES
Clinical Use (Number of Businesses)
Hospitals in US 3,013
Nursing Care Facilities in the US 8,288
Specialty Hospitals in the US 585
Home Care Providers in the US 303,440
Primary Care Doctors in the US 131,572
Specialty Doctors in the US 218,417
Total 665,315
CUSTOMERS - CLINICAL