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Biotech Company Patents & Medical Device Market Share
Location: United States -> California -> Southern California - All Southern California -> Irvine
Industry: Health and Medical > Medical Devices




Business Summary

The Company has proprietary technology that addresses a leading cause of maternal death (76,000) and fetal death (500,000) annually worldwide. 8% of pregnancies in the US and 14% worldwide have diagnoses that would be vastly improved by worldwide commercialization of the Company's proprietary device. A very low-risk procedure that both provides quality of life improvement for the mother & baby and lowers health care costs is a win/win/win for all involved.

Existing collaborations with major manufacturers coupled with a current expedited approval process with the FDA presents a tremendous opportunity for individuals or private equity groups seeking a transformative investment into a feel-good biotech story with exceptional legs and a vast runway with nearly unlimited upside. Able to work with groups/individuals in tranches of $500k to $1MM to advance into the pilot clinical study, $2-$3MM for the pivotal clinical study towards market approval in the US.

They will seek direct sales with partnered hospitals, licensing / partnership deals could utlimately yield the balance of funding to fully deploy a commercial version of the technology. NDA is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Competition: No current option available besides bed rest.

Growth & Expansion: Huge market potential.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2016
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Full team included.
Reason For Selling:  Seeking supportive capital partners to take to the next level(s).




Print Listing Id: 700323360
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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