Cooper University Health Care and Upstream Access Announce License Agreement
Cooper University Health Care’s Innovation Center has entered into a license agreement with Upstream Access, Inc., a medical device startup developing a novel multi-directional vascular access system. The agreement was announced alongside a $500,000 investment from Foundation Venture Capital Group, an affiliate of the New Jersey Health Foundation, as part of Upstream Access’s ongoing financing round of $500,000 to $1 million.
Details of the Partnership
The Upstream Access Multi-Directional Vascular Access System is designed to enable both antegrade and retrograde access through a single-entry point, improving procedural efficiency. The system includes a Balloon-Anchoring Sheath and a Steerable U-Turn Catheter, both designed to reduce trauma and improve wire placement. The technology was invented by Katherine McMackin, MD, MS, and Jeffrey P. Carpenter, MD, both affiliated with Cooper University Health Care. The investment from Foundation Venture Capital Group will support prototype refinement, testing, and commercialization planning.
Company Background
Upstream Access, Inc. is a physician-led medical device startup founded by Cooper University Health Care. The company is focused on developing innovative solutions for vascular access, aiming to improve endovascular procedures for patients with peripheral artery disease and other vascular conditions.
Market Context
This partnership highlights the growing trend of healthcare institutions partnering with startups to develop cutting-edge medical devices. It underscores the importance of addressing unmet clinical needs and the potential for such collaborations to drive innovation in patient care. The Upstream Access system’s ability to simplify procedures and reduce complications could significantly impact the vascular care sector.
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Source: Blogs