AssureRx,
LLC, is a personalized medicine company dedicated to helping
physicians determine the right drug at the right dose for
individual patients suffering from a range of medical
conditions. The company was founded in June 2006 to license and
commercialize the industry-leading personalized medicine
technology of Cincinnati Children’s Hospital and the Mayo
Clinic.
QCA First Fund II joined with Blue Chip Validation Fund and
Cincinnati Children's Hospital to provide seed round funding to
launch the company and begin the process of commercializing the
product.
Minimally
Invasive Devices (MID) Inc. is a medical device company that
develops novel disposable instruments which allow experienced
surgeons to perform Minimally Invasive Surgery more quickly and
safely, and also make it practical for less-experienced surgeons
to perform the procedures as well. The initial product to be
developed is Clear-Vu, an after-market attachable device to
eliminate bothersome fogging and cleaning of the laparoscope
during surgery.
Teaming with OTAF and NCT Ventures in Columbus, as well as a
number of individual investors, the QCA First Fund II has
provided equity funding to complete the development of the first
product line.
Akebia Therapeutics is a start-up pharmaceutical company which
has licensed select, high-quality drug development programs and
assets from P&G. The company’s focus is on clinical development
of novel compounds targeted for treatment of anemia and
ischemia-related disorders. One of the primary ischemia-related
products will be for treatment of peripheral artery disease
(PAD).
QCA First Fund has joined a consortium of lenders including
Triathalon Medical Ventures, Blue Chip Validation Fund, and
Sigvion Capital to provide start-up capital to the company.
Xanthostat
Diagnostics has developed and is pursuing FDA 510k approval for
its initial product, which will measure bilirubin and hemoglobin
concentrations in spinal fluid. This test will be an important
advancement in the early and accurate diagnosis of subarachnoid
hemorrhage. The company is using technology developed at and
licensed from the University of Cincinnati.
A convertible loan was made to the company by the Fund to
provide operating capital until the product receives FDA
approval.
OnTrak
POS Business Intelligence is subscription software used to
order, track and manage semi-permanent and temporary signage in
retail stores (POS). OnTrak 's BI software lets
distributors perform flexible analyses of massive amounts of POS
data with the goal of improving effectiveness and decision
making.
Individual members of QCA and CincyTech joined the Fund in a
purchase of preferred equity in the company.