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CathBuddy made best investor pitch in Medical Device Innovation Challenge

Souvik Paul, CEO & founder of CathBuddy Inc., makes his presentation during the Jan. 10 pitch event for the Medical Device Innovation Challenge. Judges at the pitch event chose CathBuddy of Woodbury on Long Island as the firm with the best investor pitch. The event was held at the CNY Biotech Accelerator at 841 E. Fayette St. in Syracuse. (PHOTO CREDIT: CNY BIOTECH ACCELERATOR TWITTER PAGE)

SYRACUSE — The judges chose CathBuddy Inc. of Woodbury on Long Island as the winner of the Jan. 10 pitch event in the Medical Device Innovation Challenge. The pitch event was held at the CNY Biotech Accelerator at Upstate Medical University, located at 841 E. Fayette St. in Syracuse. The CNY Biotech Accelerator sponsors the […]

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SYRACUSE — The judges chose CathBuddy Inc. of Woodbury on Long Island as the winner of the Jan. 10 pitch event in the Medical Device Innovation Challenge.

The pitch event was held at the CNY Biotech Accelerator at Upstate Medical University, located at 841 E. Fayette St. in Syracuse. The CNY Biotech Accelerator sponsors the competition.

CathBuddy didn’t win any funding for its successful presentation but walked away knowing the firm’s investor pitch “is solid,” Darryl Geddes, director of public and media relations at Upstate Medical University, tells CNYBJ.

CathBuddy was among six medical-device startup companies making their product pitches at the Medical Device Innovation Challenge.

A panel of judges assessed how well the startups highlight consumer need, product benefit, potential market, and other issues.

The startups are developing such products as a breast pump, breath-powered video controller, and a shoulder-mounted portable IV system. Below is a listing and description of each of these companies.

Participants and products

• CathBuddy Inc., of Woodbury on Long Island, is making reusable urinary intermittent catheters system for people with a neurogenic bladder — or the loss of bladder control due to brain or spinal cord or nerve problem.

• Halamine Inc., of Ithaca, is working to develop a new category of “hydrogel skin” coated urinary catheters with improved infection control.

• Liberation Lactation, of Syracuse, is developing a breast pump that women can use while involved in daily activities, whether at the workplace or at home. The product’s goal is to “eliminate the time women must spend solely on pumping.”

• ZephyRx, of Albany, designs breath-powered video-game controllers so popular video games can be used in respiratory therapy for conditions that include pneumonia, asthma, and chronic obstructive pulmonary disease (COPD).

• MedUX, of Syracuse, is creating a shoulder-mounted portable IV system (called L-IV, for Liberating Intravenous) that allows people in hospital settings or disaster situations to get IV treatment “comfortably and efficiently” without being tethered to an IV pole.

• Revital Therapeutics, of New Jersey, is a tissue engineering company that works at creating off-the-shelf tissue grafts for a wide range of conditions and surgical procedures.

Eric Reinhardt