Division:South/North America
Field:Life Science and Health
Project Evaluation:12410 Financing Amount:Secret Cede Share:Secret
Current Technology for patients with kidney failure: Dialysis 3 times a week, 4 hours each time in center dialysis with a fridge size dialysis machine.
Key Issues: Very Low Survival Rate (50% in 5 years) due to limited number of dialysis sessions per week;Difficult access to treatment: Patients live far away from clinics;Zero mobility of patients during long hours of treatment attached to the dialysis machine.
Our solution: Qidni TM Wearable Device
*We want this to be the world’s smallest blood purification device.
*It is a wearable blood purification system.
*It replaces dialysis.
*It provides more frequent therapy. It significantly improves the quality of life for patients with kidney failure by providing (i) mobility and (ii) easy access to blood purification.
QartridgeTM:
• A sorbent-like cartridge, based on our proprietary technology that replaces large volume of “dialysate”.
• In the existing dialysis technology 120 L of purified water is mixed with salts to make a solution called“dialysate”weighing 120 kg for just one session of dialysis.
• We are on our way to create a QartridgeTM that weighs about 1 kg only.
Based on current reimbursement system in the US for a patient with private insurance.
Note: we can probably get a much better reimbursement based on added value.
** Assuming $500-$700 per session, 3 sessions/week, 52 weeks a year ($78,000-$102,200 per year )
Opportunity: >$50 billion/year kidney dialysis market in the USA alone Solution: Portable/wearable blood purification systems (with minimum or no dialysate) that replace dialysis and (i) by enabling mobility and freedom, significantly improve the quality of life for 3 million dialysis patients; or (ii) saves lives by providing access to therapy for 20-30 million patients who currently do not have access to dialysis.
Founders:
*Morteza Ahmadi: PhD in Biomedical Engineering and Human Factors (University of Waterloo, Canada) KRESCENT Fellow (Kidney Foundation of Canada)
*Ellie Shahi :MMSc in Management Science (University of Waterloo, Canada)