Medical Devices & Equipment Company

Poiesis Medical LLC

31%

Funding Goal $900,000
Funding Raised So Far $225,000
Funding Commitments $50,000
Funding Remaining $625,000
Funding Type Common Equity
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Company Overview

Poiesis Medical's mission is to develop advanced urinary care products that significantly reduce healthcare costs through better patient care and improved outcomes.

Poiesis Medical LLC (“Poiesis” or the “Company”) is an innovative medical device company focused on developing advanced urinary care products that deliver improved health outcomes, enhance the quality of care by minimizing patient pain and discomfort, and reduce healthcare provider costs. The Company has developed the Duette™ an FDA-cleared, patented, innovative dual-balloon indwelling urinary catheter that addresses the clinically confirmed adverse effects of traditional Foley catheterization. This includes the occurrence of Catheter-Associated Urinary Tract Infections (“CAUTIs”), a leading source of hospital-acquired infections and the leading cause of secondary bloodstream infections. Management believes the Duette™ is exceptionally positioned to replace the Foley catheter and become the standard of care in the $600 million Indwelling Urinary Catheter (“IUC”) domestic market due to its proven ability to decrease CAUTI rates and other adverse events associated with Foley catheterization.

The Duette™ is a market transformative technology. With the vertical integration taking place in U.S. Healthcare the Duette™ offers healthcare systems the opportunity to utilize a truly differentiated urinary catheter across all care segments that will significantly reduce
the cost of care at every level..

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Business Summary

Company Age
Employees
Sub-Industry
Prior Year Revenue
Current Year Revenue
Next Year Revenue

Products/Services

Medical Device - Advanced Urinary Care Products

The Problem & The Duette™ Solution:
The Foley catheter has been the standard of care for indwelling urinary catheters since 1937. Its design has fundamentally remained unchanged for 79 years. Foley catheterization has been the source of a long list of complications and costs associated with patient treatment. Issues range from patient pain and discomfort, blockage of urine flow and bladder spasms to the more severe complications of cystitis, blood in the urine, CAUTI and Sepsis. The annual cost to treat CAUTI, which is now the responsibility of health care providers, is estimated at $2.5B(CDC)
The Solution
The Poiesis solution is the Duette™. Its elegance is in its patented dual-balloon technology. By protecting the antibacterial mechanism of the surface mucin and the cells below, the Duette™ maintains the body’s own natural defense mechanisms. An important factor for healthcare providers is the Duette™ requires little additional training for attending healthcare professionals.

Management

Frank D
Senior Vice President Executive Officer
Frank D......

Mr. D’Ambra brings 35 years of executive operating, financial and sales experience, having led strategic business units and marketing and sales teams with GE Capital, Swiss Re and Horace Mann. During his career, he has led business turnarounds and subsidiary startups, achieving outstanding financial and sales successes. He joined Poiesis Medical in 2010.

President Executive Officer
Greg W......

Mr. W...... has 25 years of experience with medical device companies serving the needs of urological patients. He previously founded three companies encompassing engineering, capital equipment and disposables serving the needs of physician and facilities treating prostate cancer patients. These companies were integrated under the banner of Prostate Services of America and ultimately became second largest in the market with sales in excess of $40mm dollars. Mr. W...... is a company founder.

Vice President Business Development
Charlene J......

Charlene J...... has healthcare experience in both the direct hospital setting as a member of the financial team with a 300 bed acute medical facility and in wound care marketing and sales as a Territory Sales Manager with Carrington Laboratories. She joined Poiesis Medical in 2011.

31%

Funding Goal $900,000
Funding Raised So Far $225,000
Funding Commitments $50,000
Funding Remaining $625,000
Funding Type Common Equity
Pre-Money Valuation
Investor Ownership
Interest / Dividend
Previous Funding

Documents

Contact

Poiesis Medical LLC

Jupiter, FL 33458, US

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