UNC Office of Technology Development Seminar February 2, 2012 About ibiliti ibiliti Builds Momentum We accelerate the growth and commercialization of emerging medical technologies by uniting human, intellectual and financial assets toward significant discoveries that improve lives. 3 History of ibiliti Non profit, 501(c)(3) state-wide organization Focused exclusively on devices, diagnostics, imaging, healthcare IT Received $2.5 million state grant administered by NC Biotechnology Center Founded 2009 4 ibiliti Board Members Board Member Experience Greg Davis, Chairman Fmr CEO Tryton Medical, Guidant Sam Taylor, Vice Chairman President, NCBIO Ken Lee General Partner, Hatteras Venture Partners Ken Atkins Exec. Dir., Wake County Economic Development Charles Goldstein VP Research, BD Technologies Tim Gupton Partner, HPG Matt Jennings CEO Phillips Plastics, fmr Teleflex, BioEnterprises Fred McCoy Vice Chairman, Synecor Barry Myers Prof. Duke, EIR Pappas Troy Nagle Prof. UNC/NCSU Bob Wilhelm Prof. UNCC Mary Beth Thomas (observer) NC Biotechnology Center 5 Cindy Clark, President • 20 years of life science experience • CEO, Sirga Advanced Biopharma, a NCBC TEAM company • President, Phase Bioscience • President, Bell Atlantic Internet Solutions, North • Univax Biologics, CV Therapeutics • JD Washington College of Law • BA Wesleyan University 6 About North Carolina’s Medtech Industry 400+ Companies Call North Carolina Home Diagnostic 21% Therapeutic Device 65% 8 Imaging 14% 9,000+ people employed directly; 21,000+ indirectly North Carolina Medtech Industry Statistics • Experienced Talent Pool – 9,000+ people employed directly; 21,000+ indirectly • Significant Investor Support – 100+ VCs with medtech portfolios invested in NC cos. • Strong Community Anchors – Becton Dickenson, BioMerieux, BSN Medical, Cook Medical, Covidien, Dupont, Ethicon, LabCorp, NovoNordisk Engineering, Sandoz (Novartis), Siemans Medical, Sirona Dental, Smith & Nephew Spine and Biologics, Suntech Medical, Teleflex Medical 9 North Carolina and Medtech—a perfect match • Technology is in our DNA • Manufacturing is our strong Suit • Southern hospitality • Outstanding University with world-class BME schools • Convergence of Technologies • Foundation of diverse medtech companies 10 North Carolina Ranks 17 in Employment, Payroll and Sales State Employment Payroll ($1,000s) Sales ($1,000s) United States 422,778 24,600,669 135,921,967 California 83,999 5,253,891 26,341,566 Minnesota 26,862 1,707, 508 6,775,042 Massachusetts 23,907 1,596,668 8,288,236 Florida 21,668 1,154,620 6,476,288 Ohio 12,383 528,614 2,819,114 Tennessee 8,349 428,035 2,455,967 North Carolina 8,407 425,685 2,208,625 2007 LewinGroup data for AdvaMed 11 Recent High-Profile Companies • TransEnterix – Spider minimally invasive surgery device • Tryton Medical – bifurcated bare metal stent • Tear Science – device for diagnosis/treatment of dry eye • Pioneer Surgical – orthopedic devices • nContact – minimally invasive cardiac surgical devices • Oncoscope – imaging system epithelial cell cancer • Bioptigen – ophthalmic imaging 12 Major Industry Suppliers • Nypro • Flextronics • Patheon • Sanmina SCI • Plexus • Insight Product Development • Catalent 13 ibiliti Programs ibiliti Programs • Job board and job connections • Investor connections (VCs, angels, other) • Service provider network • Expert-on-Call program • Grant writing services • Tech scouting • Quarterly networking meetings • Facilitation of NC’s dialogue on change with FDA’s CDHR 15 Annual medtech conference Medical Innovation and Commercialization Alliance (MICA) Powered by launchibiliti MICA : Medical Innovation and Commercialization Alliance • Accelerate the commercialization of medical technology ideas from doctors, allied health professionals, entrepreneurs & inventors in Western North Carolina that will improve patient care • Unique collaboration with Mission Health – One of largest healthcare systems in NC – Named top 15 hospitals in US by Thompson Reuters • 18 Pilot program began 2011 MICA Overview Hospital Innovation Forums 1-1 Interviews w/ Staff On-line Portal Funded Development Program Physicians Staff Community Other Regional Advisory Board National Advisory Board Hospital Investment Board No Current Interest - Open Pool • Grants • In-kind services • Low interest loans • Equity Champion Patent Prototype Business Plan Other Large MedTech License • • • • License Fee Warrants Equity Royalties Small MedTech Entrepreneur Eligible for In-Kind Development 2-3 technologies/ yr/region 19 MICA Partners • BD Technologies - $10K prize, prototype work • Phillips Plastics – Prototype work • J&J COSAT - $250K-$1M grants & matching $ • Western Carolina University – Prototype & Business Plan • Buncombe County Economic Development • UNC/NCSU BME – Prototype work • UNC MBA – Business plan development • Gilero – Prototype work • Synecor – Animal studies 20 MICA Regional Advisory Board 21 Board Member Experience Roy Crowninshield Zimmer, Tutogen, Entreprenuer Richard Bock Vascular Surgeon, Entrepreneur, Asheville Radiology Brian Nass Mission Health Quality, Mayo Clinic Commercialization, Entrepreneur Ed Wright Welch Allen, Suntech Medical, Entrepreneur, WCU Carlton Murray Carolina Financial Steve Woody G3 Medical, Medtech Entrepreneur John Locke Mission Healthcare Foundation Pam Lewis Advantage West, Asheville EDC National Advisory Board 22 Board Member Experience Charles Goldstein BD Technologies Scott Sewell Cook Medical John Uhrin Credit Suisse Tony Voiers Ethicon Brian Carney Harbert Ventures Bob Morff Hatteras Ventures Bibhash Mukhopadhyay J&J COSAT Bryant Moore Medtronic Ali Behbehani NEA Matt Jennings Phillips Plastics Matt Reike Quaker Bioventures Jim O’Connell Safeguard Scientific Henry Tung Smith & Nephew Garheng Kong Soffinova Ventures Kenny Anderson SunTech Medical Diabetes Point of Care Network : DNET3 • Unique public/private partnership : UNC, BD Technologies, ibiliti • Purpose: identify and commercialize point of care diabetes technologies to serve needs of underserved diabetes patients & their care-givers • Includes undergraduate & graduate training • Drs. John Buse & Michael Ramsey, PIs • NIH grant application pending, other funding sources being sought • First project: Simple, inexpensive Point-Of-Care Blood Glucose Test to enhance & expand patient selfmanagement of diabetes 23 For More Information: Cindy Clark President ibiliti 919.508.6214 cclark@ibiliti-nc.com