Loop Medical lands $3.2M grant for blood collection device

Loop Medical said today that it has received a $3.2 million grant from the Bill & Melinda Gates Foundation to support pre-production and clinical trials required for the global registration of its blood collection device. The foundation had previously given the company a $400,000 grant. Based at the Swiss Institute of Technology (EPFL) in Lausanne, Switzerland, Loop Medical designed the device to be painless, easy-to-use and able to collect samples that are large enough for common high-throughput blood analyzers. The device was also designed to improve safety, particularly in countries with low medical resources. In the standard venipuncture procedure, a long needle is used to collect blood from the vein. Loop accesses blood in capillaries that are just below the skin, through a minimally invasive and painless manner, according to its website. Loop has been working with clinical pathology and histocytopathology company Cerba HealthCare since 2017 to design a device that can be fully integrated into existing centralized laboratories’ infrastructures and processes. The device targets clinical pathology laboratories, clinics, pharmacies, physician offices and patients at home. The technology addresses the need to empower patients, communities and healthcare professionals through a safe and effortless solution in a highly commoditized blood collection market under significant price pressure, according to Loop. “We are thrilled to have received this second grant from t...
Source: Mass Device - Category: Medical Devices Authors: Tags: Blog Blood Management Business/Financial News Featured Funding Roundup Laboratory Instruments/Laboratory Supplies News Well Research & Development Bill & Melinda Gates Foundation cerbahealthcare loopmedical swedishinstituteoftechnolo Source Type: news