Long Island
Capital Alliance
Holds Successful Health Care Capital Forum
Save the Date:
Bio/Pharma Capital Forum with Cold
Spring Harbor
Laboratory to be Held on June 14
Melville, NY – March
18, 2013
– The Long Island Capital Alliance
(“LICA”),
the leading non-profit capital formation and business development organization
serving regional companies, today announced the successful completion of its
Health Care Capital Forum held on March 8, 2013. The capital forum, held in collaboration with
The Center for
Advanced Sensor Technologies at Stony Brook University,
showcased six companies selected by LICA from a wide selection of developing
medical technology, life sciences and health care information technology companies
on Long Island and the nearby region.
A
panel of health care investors also participated in the event. The panel provided insights on presenting
companies’ business plans and investment potential, as well as a review of the
current investment climate for health care companies.
Neil Kaufman,
chairman of LICA, stated that, “Despite a heavy snow storm, we are pleased to
have had strong participation with over 50 attendees at our Health Care Capital
Forum. This demonstrates the increasing role
of LICA as a pivotal player in capital formation leading to economic
development in the region. We are very
excited to build on this momentum, as we plan our next event in partnership
with Cold Spring Harbor Laboratory, one of the nation’s leading research
facilities for molecular biology and genetics, that
focuses on the bio/pharma sector of the health care industry.”
“Even with the weather impact, we made a couple
of good contacts. At events like this it is not about the number of people who
attend but the quality and mutual fit of the participants. The event was very well done,” said David
Crane, Chief Executive Officer of Mobile Health One, a presenting company at
the event.
“The Capital Forum was a terrific event and provided
a really unique opportunity for emerging companies to interact with investors
and advisors in an open forum,” said Rusty Ray, a panelist at the event and a
New York-based health care investment banker at 11T Partners.
Health Care Capital Forum Industry
Experts
The
following industry investors participated in the panel discussion at the
Capital Forum:
·
Larry Chaityn, Managing Director and Head of Global Health Care Banking
at Kaminski Partners, a global investment bank.
·
Rusty Ray, partner
with 11T Partners, a health care-focused investment bank.
·
Paul Smolevitz, Managing Director
and founding partner of TM Capital Corp.
Health Care
Capital Forum Presenting Companies
The following
companies presented their business plans at the Capital Forum:
Mobile Health
One
Mobile Health
One, Inc. develops mobile, on-demand HIPAA-compliant systems that unify
healthcare professionals within and between organizations by simplifying
communications to accelerate, consolidate, and control information sharing.
Adhere
Tech
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.
First Wave
Technologies
First Wave
Technologies Inc. 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, 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.
Venus
Pharmaceuticals International
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, contaminant free.
Cytosorbents
CytoSorbents
Corporation is a critical care-focused therapeutics company using blood purification
filters to control excessive, potentially deadly inflammation that could
otherwise cause the failure of vital organs.
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.
* * *
Contact:
Jordan
Darrow
(631)
367-1866
jdarrow@darrowir.com
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