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Four Atlantic Canadian medtech companies will present their cancer care solutions virtually during the first Health Challenge Pitch Event on Friday, June 19 at 12pm. In partnership with Nova Scotia Health Authority, Atlantic Canada Opportunities Agency, QEII Foundation, and BioNova, one medical technology company working to enhance cancer care will receive $100,000 and their technology will be considered for adoption by the NSHA.
This event is the first of five virtual pitch competitions focusing on health innovation, with topics differing at each event to focus on a health priority identified by the Nova Scotia Health Authority. The competition was created to drive innovation in the medtech space and encourage the adoption of technologies that exist to improve the accuracy and level of care medical practitioners require to make concise, life-saving diagnoses and treatments for patients in Atlantic Canada.
The four companies that will be pitching virtually on Friday, June 19 include:
● Picomole Inc.
● DMF Medical Inc.
● Adaptiiv Medical Technologies Inc.
Pitches will be 10 minutes in length, followed by five minutes for the judges to ask questions. The event is taking place via videoconference and begins at 12pm on Friday, June 19.
Those interested in watching are encouraged to register for the event on Eventbrite. Upcoming pitch topics will be announced in the coming weeks on our social media channels and website.
“The Health Innovation Challenge is meant to stimulate not only greater collaboration and engagement with our medtech partners, but to encourage those of us in the health system to problem solve in a different way. This competition represents a change in our approach to how we view partnerships in our health care system and health innovation.” – Dr. Gail Tomblin Murphy, Vice President, Research, Innovation & Discovery and CNE, Nova Scotia Health Authority
“BioNova has provided early support and leadership to all of the finalist companies which has accelerated their growth, making them strong candidates for the Health Challenge.” – Scott Moffitt, Executive Director, BioNova
“The QEII Foundation has a long-standing history of supporting cancer care priorities at the QEII – funding lifesaving clinics, equipment, treatment advancements and research. It is exciting to be part of finding innovative solutions to cancer care treatments for patients who need it most.” – Bill Bean, President and CEO, QEII Foundation
“Cancer is a disease that impacts so many of us, and it is inspiring to see strong leadership and innovation in cancer research from Atlantic Canadian medtech companies. I am confident these companies will continue to have a positive impact on patient care across our region.” – Martha Casey, Volta Interim CEO, and COO
Halifax, NS – November 8, 2018 – Today Picomole from Moncton, New Brunswick was named the winner of BioNova’s eighth annual BioInnovation Challenge (BIC) business pitch competition at BioPort 2018. Picomole is an innovative medical technology company with the goal of developing their patented and patent-pending technologies for breath analytics into the standard of care for non-invasive clinical diagnostics and personalized medicine.
Stephen Graham of Picomole said, “This experience has been invaluable. The mentorship and training we’ve received through this process has helped take Picomole to the next level, and we know the funding and the advisory services will help to elevate us even more.”
Atlantic Canada’s best health and life science innovators participate in the BioInnovation Challenge (BIC) business pitch competition each year. The competition’s goal is to help ease the transition from research laboratory to market. Picomole will receive a prize package that includes $25,000 in seed funding and an advisory services package worth more than $30,000. Picomole was up against Matthew Kay, CEO ofTalem Health Analytics and Gabrielle Masone, CEO of Coloursmith Labs.
“Our panel of judges had a difficult time selecting a winner because all seven finalists have what it takes to make their start up a success,” said Scott Moffitt, Executive Director of BioNova. “Congratulations to Picomole.”
The Judging Panel:
Jennifer Hamilton, Senior Director, New Ventures (Canada), Johnson & Johnson Innovation
Gerry Lacroix, Technology Sector Leader – Nova Scotia, Grant Thornton LLP
John Holyoake, Managing Director, Investment Banking, Bloom Burton & Co.
Shana Cristoferi, Marketing Manager, BioNova
Mobile: (902) 830-9193
BioNova leads, accelerates, and advocates for Nova Scotia’s growing health and life sciences sector. Since 1993, BioNova has been accelerating the growth of its member companies. By hosting networking and educational events, and providing connections to potential funders and business resources, BioNova helps companies succeed. While these companies commercialize life-changing research to improve healthcare, provide healthier food, and develop sustainable solutions, BioNova advocates on behalf of the sector. BioNova champions the sector’s cluster of world-class research facilities, incubator programs, and companies who, together, bring investment and jobs to Nova Scotia. www.bionova.ca
About BioPort 2018
The 17th annual BioPort conference will take place at the Halifax Convention Centre on November 7-8, 2018. BioPort provides a forum to educate, inform and inspire the health and life sciences community to develop their ideas, commercialize their technologies and build links within the region and with guests brought in from the U.S. and from around the world. www.bioportatlantic.ca]]>
BioPort 2018 Announces Keynote Speakers
And Explores the Future of Life Sciences in Atlantic Canada
June 21, 2018 – Halifax, NOVA SCOTIA – Health and life sciences innovators, industry leaders, and investors from across North America will come together to attend BioPort 2018, on November 7-8, 2018 at the Halifax Convention Centre. This year’s event will feature keynote speakers Dr. Corrina Lathan, CEO of AnthroTronix, Inc. and William Charnetski, Ontario’s Chief Health Innovation Strategist, who will explore the transformative impact of technology on life sciences companies and health care. The annual event will also feature a business pitch competition and an exciting new program targeting Nova Scotia’s youth.
“BioPort highlights the potential of the health and life sciences sector in Atlantic Canada to tackle the world’s toughest challenges,” said Scott Moffitt, Managing Director of BioNova. “This year our speakers will share how embracing disruptive technologies like robotics, artificial intelligence, and synthetic biology, present opportunities to grow our sector.”
Corinna Lathan, Ph.D., will provide the keynote address on November 7, 2018 at 6:00 pm ADT. Dr. Lathan is a neuroscientist, engineer, and health technology entrepreneur. Her company has successfully developed an FDA-cleared mobile platform for healthcare providers to assess cognitive function. She has also developed robotics for kids with disabilities, and wearable sensors for training surgeons and soldiers. These human-technology innovations have been featured in Forbes and Time magazines, and led to Dr. Lathan being named as MIT Technology Review Magazine’s ‘Top 100 World Innovators’.
On November 8, 2018 at 12:30 pm ADT, William Charnetski, LL.B, will provide a keynote address on how collaboration across the health care system facilitates the adoption of innovative health technologies. Mr. Charnetski is an accomplished national and global executive who has worked in the highest levels of business, law, and government. For over 10 years he was vice president and general counsel for AstraZeneca. He was also a partner at the law firm Torys LLP and served as chief of staff to The Hon. William Graham, P.C., Q.C.
As per previous years, BioPort will feature the BioInnovation Challenge (BIC), an Atlantic Canadian health and life science business pitch competition that gives entrepreneurs a chance to win $25,000 in funding to develop their business idea. New to this year’s program, the conference will also feature BioInnovation Challenge Junior (BIC Junior), for Nova Scotian high school and first year post-secondary students to create health and life science business ideas. The winner will receive a prize of $2,000.
For more information or to register for the event, visit BioPortAtlantic.ca. Complimentary media registration is available to reporters. Follow #BioPort2018 @BioNovaNS for updates.
Since 2002, BioPort has provided a forum to inform and inspire the health and life sciences community to develop their ideas, commercialize their technologies, and build links within the region, nationally and abroad.
BioNova leads, accelerates, and advocates for Nova Scotia’s growing health and life sciences sector. Since 1993, BioNova has been accelerating the growth of its member companies. By hosting networking and educational events, and providing connections to potential funders and business resources, BioNova helps companies succeed. While these companies commercialize life-changing research to improve healthcare, provide healthier food, and develop clean energy solutions, BioNova advocates on behalf of the sector. BioNova champions the sector’s cluster of world-class research facilities, incubator programs, and companies who, together, bring investment and jobs to Nova Scotia.
For more Information, contact:
Marketing Manager, BioNova
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By Peter Moreira
For the past few years Kami Harris has received 1,000 ticks annually at her office at Mount Allison University in Sackville, N.B. She hopes it continues. Her business model depends on it.
Some come from scientists, some from New Brunswick’s Natural Resources Department, others from members of the public who have heard about her work in ticks and Lyme disease.
Harris is the founder and CEO of Zecken Laboratories, which is dedicated to enhancing the diagnosis of Lyme disease. She has been studying ticks and Lyme disease for her PhD at Mount A, and now she is transforming her research into a company. Her faith in the endeavour is based in part on the growing public awareness and fear of Lyme disease.
“We’ve gone in five years from people thinking, ‘This could happen in the Maritimes’ to ‘This is a big problem,’” Harris told the BioPort Atlantic conference in Halifax last week. “Half my day already goes to answering emails from people who know I’m the ‘tick girl.’”
Lyme disease is a bacterial infection spread to humans by blood-feeding insects, particularly deer ticks. And as the climate warms, ticks are spreading north and their bites are becoming more common in the Maritimes. Concern about Lyme disease is growing.
Harris said there are actually 21 types of Lyme disease but current diagnostic tests only identify one type. That means about 90 per cent of the instances of Lyme disease go undetected, which can lead to long-term health problems. What Zecken is doing is devising products that can identify markers in the other types of Lyme disease to improve diagnosis and therefore generate more treatment.
The company has already identified peptides that show the presence of the affliction, and continues to research the disease to identify new strains as they come along.
“We’re not only going to give you the right information; we’ll give you more information,” Harris said. “We’ll be able to tell you the type of Lyme disease you have.”
At BioPort, Zecken was a finalist in the BioInnovation Challenge, the region’s main pitching competition for life sciences competitions. Earlier this year, it was a semifinalist in Breakthru, the main startup competition in New Brunswick. Soon it will be ready to start bringing in revenue.
The company is planning a basic swab test for consumers in 2018. For $50, consumers can swab their mouths at home, send the sample to the company and learn if they have Lyme disease and if so what type. Harris said this service will not require regulatory approval.
The swab service will bring in revenues as the company seeks regulatory clearance for more sophisticated products, such as a blood test to detect Lyme disease for health-care providers. It also wants a business-to-business product to offer to such industries as forestry, where tick bites are a growing concern.
So far, the company’s research has been financed through Harris’ research funding, but she and her three teammates know they will need a more structured financing model.
They will probably aim for a $250,000 funding round in their first year.]]>
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By: Peter Moreira
Delegates to BioPort 2017 on Wednesday were told of the impact of recent life sciences innovation in Atlantic Canada and encouraged to embrace further change.
The impact so far is found in the fact that $1 billion has flowed into Atlantic Canada in the last six years from exits by companies in the life sciences and digital health space, and follow-on investment by the companies that bought them.
BioPort is the annual get-together for life sciences entrepreneurs and innovators in the region, and the gathering this year celebrated the growth of biotech in the region, especially in New Brunswick. Pfera Inc., the winner of the BioInnovation Challenge, the conference’s $45,000 pitching competition, is from New Brunswick, as are Zecken Laboratories and Tieös Pharmaceuticals Inc., the two other finalists in the event. (Read our full report on the BioInnovation Challenge.)
The delegates were told to embrace further innovations, especially in overall healthcare.
Peter Vaughan, Chair of Canada Health Infoway and Nova Scotia’s former Deputy Health Minister, urged the delegates to embrace current innovations in healthcare – not just futuristic technologies on the horizon but products that are on the market now.
For example, he cited such companies as Babylon Healthcare in the U.K. and the Mercy Virtual in St. Louis as organizations that are cutting costs and meeting patient requirements through online and video consultations, often including drug delivery.
Patient surveys show that citizens want modern medical processes like e-prescriptions, online access to their medical records and timely medical consultations – goals met by groups like Babylon and Mercy. These organizations also meet the needs of government, as provinces spend upwards of 40 percent of their budgets on healthcare, only to find that 30 percent of healthcare spending has no value, said Vaughan.
“You’re starting to get a picture of what’s available in the present,” said Vaughan. “So how do we take these things and change the one thing that’s on everyone’s mind – access to healthcare?”
Vaughan said the future of healthcare is found in data because the analysis of vast reams of healthcare data reveals patterns that can predict severe health problems. This data can signal a problem is imminent so measures can be taken to prevent a crisis. Multinationals like Google, Apple and Amazon are now analyzing such data in the cloud, he said, but there is an opportunity for public, open data projects that could benefit everyone. He called on the Atlantic Provinces to come together to pioneer such a project with the data from its 2.2 million residents.
“We in this country have the opportunity to produce a publicly funded ecosystem,” he told the assembled innovators. “This is the opportunity we face in Atlantic Canada. We can be that industry and then you can have access to more information than you ever imagined.”
Scott Moffitt, Executive Director of BioNova, said in an interview there is evidence the life sciences segment in the region is evolving as exits in the space have created about $1 billion in investment.
The exits of the past few years in the life sciences and digital health segments have included the sale of Ocean Nutrition Canada of Dartmouth for $540 million, BioVectra of Charlottetown for $100 million, and STI Technologies of Halifax, reportedly for more than $200 million. Moffitt said his tally also included other exits and investments that the purchasing companies made after the purchases closed.