Long Island
Capital Alliance Announces Participants for
Health Care
Capital Forum
Event Held on March 8 in
Collaboration with The
Center for Advanced Sensor Technologies at Stony Brook University
Melville, NY – March
4, 2013
– The Long Island Capital Alliance
(“LICA”),
the leading non-profit capital formation and business development organization
serving regional companies, today announced the presenting companies and
panelists for its Health Care Capital Forum to be held on March 8, 2013. The capital forum will be held in collaboration
with The
Center for Advanced Sensor Technologies at Stony Brook University.
The
presenting companies to be showcased at LICA’s Health Care Capital Forum were
selected by LICA for this event from a wide selection of developing medical
technology, life sciences and health care information technology companies on
Long Island and the nearby region. Several
of the presenting companies provide best-in-class solutions to enhance medical
related diagnostics and therapies as well as health care administration and
productivity advancements. These
exciting health care companies are in need of private investment and other
business development assistance. Each of
the companies selected for presentation will provide a discussion of their
technology, product or service, a financial overview and catalysts for significant
growth. A panel of health care investors
will also participate in the event. The
panel will provide insights on presenting companies’ business plans and
investment potential, as well as a review of the current investment climate for
health care companies.
Health Care Capital
Forum on March 8, 2013 – Participants
Panel
of Investors
Larry Chaityn: Larry Chaityn is
a Managing Director and Head of Global Health care Banking at Kaminski
Partners, a global investment bank. He is responsible for overseeing the
day-to-day operations of the bank including deal sourcing, deal review,
due diligence investigation and client-facing operations. He has 14 years of
health care/life sciences advisory experience, is an active member in the
venture capital and angel investment communities and in the National
Association of Health Services Executives.
Rusty Ray: Rusty Ray is a
partner with 11T Partners, a health care-focused investment bank. He has worked
with a wide variety of clients in the health care industry ranging from large
pharmaceutical companies to early-stage drug development companies to medical
device and service-based companies. Prior to forming 11T Partners, Mr. Ray was
a Partner with Brocair Partners, a health care investment banking boutique.
Paul
Smolevitz: Paul Smolevitz is a Managing Director and was a
founding partner of TM Capital Corp in 1989. Since then, he has led TM
Capital’s execution of many complex transactions, including financings,
strategic acquisitions, restructurings and fairness opinions. Previously, Paul
served as a Vice President at Thomson McKinnon Securities Inc. and as a Senior
Accountant at Deloitte & Touche. He
is a graduate of the Wharton School of the University of Pennsylvania and
earned an MBA from the Harvard Business School.
Steve Winick: Steve Winick is a principal of Topspin Partners, one
of Long Island's leading venture capital firms. Steve previously served as CIO
of Honeywell International's $2B security group. He had been with Honeywell
(and the Ademco division of Pittway Corp., before its acquisition
by Honeywell in 2000) for over 21 years as CTO of the security
business, as well as founder and president of its wireless communications
services business.
Presenting
Companies
AdhereTech: The company has patented smart
pill bottles that increase medication adherence. These bottles measure the exact amount of
pills or liquid in the bottle in real-time, wirelessly send this
HIPAA-compliant data into the cloud, and remind patients to take their
medication via automated phone call or text message. This process increases adherence, leads to
reductions in expensive patient procedures and hospital readmissions, and
requires zero setup for patients. The
open architecture of AdhereTech’s technology can integrate with all existing
apps, programs, and adherence solutions.
Its servers record anonymized, HIPAA-compliant adherence data for
patients based on drug, disease state, and demographic.
Wow Factor: AdhereTech has created patented smart pill bottles that increase
medication adherence. These bottles measure the exact number of pills or
liquid in the bottle in real-time, wirelessly send this HIPAA-compliant
data into the cloud, and remind patients to take their medication via phone
call or text.
Venus
Pharmaceuticals International: Venus
Pharmaceuticals is a FDA registered and cGMP compliant nutraceutical
manufacturing facility. Based in
Hauppauge, NY, the Company specializes in the formulation and production of all
major forms of functional foods, and is now expanding into micro-algae based
biopharmaceuticals.
Wow Factor: Venus
Pharmaceuticals International, Inc., a well-established pharmaceuticals
manufacturer, has developed a proprietary photo-bioreactor technology to grow,
harvest, and dry/extract micro-algae indoors, which is extremely useful
for its medicinal properties.
Mobile Health
One: Mobile Health
One is a national health
care communications technology company founded by respected neurosurgeon and
successful entrepreneur John Abrahams, M.D.
The Company has developed MDChat, a cloud-based mobile
communication system that lets health care providers communicate instantly with
one another in a secure environment.
MDChat is positioned to provide a new model
for workflow productivity in the health care industry. It unifies professionals
within and between organizations into a collective communications environment
that will ultimately lead to better patient care."
Wow Factor: Mobile Health One, Inc. develops mobile,
on-demand HIPAA-compliant systems that unify health care professionals within
and between organizations by simplifying communications to accelerate,
consolidate, and control information sharing.
First
Wave Technologies Inc.: First Wave Technologies is a newly formed technology firm established to
assist researchers and corporations advance their technologies to market. However,
more importantly than providing "just money", First Wave's model is
to provide a complete management team that can partner with researchers to
accelerate introduction of ideas into the hands of customers.
Wow Factor: First Wave Technologies is a medical
device facilitation business, with two initial products, the First Crush automated pill crusher in
order to make them digestible due to the high demand by the growing population
of senior citizens; and a respiratory device conversion and amplification
technology that turns a ventilator into the equivalent of a $150,000 anesthesia
machine.
Raland
Therapeutics: Raland Therapeutics transforms novel ideas into innovative
devices to provide researchers with powerful tools to translate cellular data
to the preclinical phase. Its experience and passion drive the Company to solve
complex biomedical problems that ultimately improve patient care. Advancing
innovation from the bench to the bedside, Raland understands the science,
compliance, and the business of biomedical devices.
Wow Factor: Raland Therapeutics, Inc. has developed
diagnostic and therapeutic devices that use implantable biosensors to provide
real time, in-vivo monitoring of biological signaling and cellular responses
while minimizing animal handling, labor requirements, cell culture/pathologic
processing and capital costs.
CytoSorbents
Corporation: CytoSorbents Corporation (OTCQB: CTSO) is a critical care focused
company using blood purification to treat life-threatening illnesses and to
control excessive, potentially deadly inflammation that could otherwise cause
the failure of vital organs.
Wow Factor: CytoSorbents has been awarded contracts
from both DARPA and the US Army, and continues to invest significantly in its
research and development pipeline. One of its most advanced products under
development is HemoDefend, a blood purification technology platform for the
blood transfusion industry intended to reduce transfusion reactions and improve
the safety of "old" blood by removing many substances, such as
antibodies, free hemoglobin and inflammatory mediators that can cause
potentially serious and sometimes fatal transfusion reactions.
LICA, in
collaboration with The Center for Advanced Sensor
Technologies at Stony Brook University, will host the Health Care Capital Forum
on March 8, 2013 from 8:00 a.m. to 10:30 a.m. at 68 South Service Road,
Melville, NY. At the capital forum, the selected
health care presenting companies will showcase their technologies, products and
services. A panel of investors and industry experts will observe these
presentations and provide their insights on the development of the health care
industry and its investments prospects.
For more information about the event, please contact LICA
today
or register
online.
About the Long Island Capital Alliance:
Since 1984, the
Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group,
has been promoting business growth on
Long Island. LICA seeks to create a productive and business-friendly
environment that will afford area businesses access to the resources necessary
to compete successfully in today's markets. LICA serves as a focal point for
the exchange of ideas among new and existing business enterprises, successful
entrepreneurs, investors, and service providers. Through quarterly capital
forums and special meetings, LICA brings together members of the region's business
community, and has been recognized as the place to turn to when small
businesses need equity, debt, or other financing, or for investors to find an
attractive investment opportunity.
LICA's
mission is to encourage economic development on Long Island by facilitating
capital formation for a broad range of companies in various industries, from
early stage to mature middle market closely held and publicly-traded
businesses. LICA accomplishes this primarily through education, networking,
quarterly capital forums, periodic special educational meetings, and alliances
with other regional organizations. LICA brings together members of the region's
business community and serves as the finance arm for significant local business
and organizations.
About The Center for Advanced Sensor
Technologies at Stony Brook University:
The
New York State Center for Advanced Sensor Technology at Stony Brook University provides
intellectual, logistical, and material resources for the development of new
product technologies by facilitating R&D partnerships between New York
companies with an in-state footprint and university researchers. The important
outcomes are new jobs, new patents, training of students in company product
matters, and improved competitiveness for New York State businesses.
* * *
Contact:
Jordan
Darrow
(631)
367-1866
jdarrow@darrowir.com
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