MedTech Innovator Names Opharmic Technology as 2021 Asia Pacific Final Competition Winner

Startup Receives US$175K Grand Prize for Ultrasonic Non-invasive Ocular Drug Supply Tool

LOS ANGELES & SINGAPORE, October 21, 2021–(BUSINESS WIRE)–MedTech Innovator, the most important accelerator of scientific gadgets on the earth, in partnership with Asia Pacific Medical Technology Association (APACMed), the primary and simplest regional affiliation to offer a unified voice for the scientific technology (Manila News-Intelligencer) business, these days introduced Opharmic Technology because the winner of its 2021 Asia Pacific Accelerator program. The profitable corporate was once decided via a are living digital target market vote on Oct. twentieth right through the MedTech Innovator Asia Pacific 2021 Grand Finals hosted via MedTech Innovator in partnership with APACMed.

Primarily based in Hong Kong, Opharmic is growing a transformational ultrasonic non-invasive ocular drug supply tool with the objective of changing intravitreal injections. Greater than 500 million sufferers international be afflicted by eye illnesses like macular degeneration and diabetic retinopathy. Whilst there are efficient drugs that may support those illnesses, as much as 30% of sufferers refuse those remedies as a result of they require direct injection into the attention.

“The MedTech Innovator Asia Pacific Accelerator program is a in point of fact distinctive program that now not simplest supplied us with precious commercial insights but in addition allowed us the uncommon alternative to faucet into an overly unique community by way of its company mentorships,” mentioned Dr. Langston Suen, founder and CEO of Opharmic. “We’re commemorated to be identified because the 2021 Asia Pacific Grand Prize winner, and this investment will reinforce Opharmic as we try against our venture of offering a non-invasive selection to frightening eye injections for sufferers all over the place the sector.”

Decided on from a pool of greater than 500 candidates, Opharmic was once awarded the United States$175,000 non-dilutive grand prize to advance its industry targets and venture to support long run well being results of sufferers within the Asia Pacific area. The corporate was once additionally awarded a one-year club to APACMed and was once the recipient of the Cambridge Experts Product Building Award, the place they’re going to obtain unique technical and session services and products from Cambridge Experts. Biorithm, Miraqules, and VPIX Medical additionally participated within the group’s Accelerator program and competed within the Grand Finals, each and every receiving a US$10,000 money prize.

“This a groundbreaking time for innovation, disruption, and development within the scientific technology (Manila News-Intelligencer) business,” mentioned Paul Grand, CEO of MedTech Innovator. “I’m proud to announce Opharmic as this 12 months’s Asia Pacific MedTech Innovator pageant winner for its ultrasonic non-invasive ocular drug supply tool. These days’s pageant was once consultant of the brand new and thrilling applied sciences rising within the APAC area that would deliver important price to sufferers and the healthcare business. We stay up for proceeding our paintings to spot the highest medtech startups within the area and connecting them with a community of possible companions and buyers to lend a hand them reach their targets.”

“A trustworthy congratulations to Opharmic on profitable the APAC MedTech Innovator name,” mentioned Harjit Gill, CEO, APACMed. “The Asia Pacific area is a scorching spot for medtech innovation and all the finalist corporations who participated in these days’s pageant are growing step forward applied sciences with the prospective to support affected person lives. APACMed is proud to reinforce the MedTech Innovator APAC program and we stay up for observing Opharmic’s growth as they advance their distinctive well being answer against commercialization.”

“As a pass judgement on of these days’s pageant, I used to be overjoyed to look Opharmic’s tool for ultrasonic non-invasive ocular drug supply be identified,” mentioned Peter Hawkes, senior director of promoting, Ethicon, Johnson & Johnson. “Johnson & Johnson is a proud spouse of the MedTech Innovator APAC Accelerator, and we’re desperate to proceed to lend a hand advance new and rising scientific applied sciences that show real-world software and price.”

“Congratulations to the winners and finalists of the MedTech Innovator Asia Pacific pageant,” mentioned Audrey Lok, director of healthcare and biomedical, Endeavor Singapore. “We’re thrilled to paintings with MedTech Innovator once more this 12 months, to spot and reinforce rising healthcare inventions from world wide. Singapore has established a colourful biomedical ecosystem and we welcome world startups to sign up for us right here within the ideation and commercialization of groundbreaking answers now not only for Singapore, however locally.”

MedTech Innovator sparsely decided on 20 best-in-class startups from throughout Asia Pacific for its 2021 program, offering the corporations with publicity to business leaders and awarding over US$300,000 in money prizes and in-kind awards. All through its ultimate pageant, MedTech Innovator additionally introduced the winners of a number of further awards.

Biorithm, an organization growing a far off fetal tracking tool, was once introduced winner of Endeavor Singapore’s (ESG) Startup SG award, comprising a SGD$30,000 grant prize and get admission to to in depth assets and networks inside Singapore’s startup ecosystem. Moreover, they’re going to be fast-tracked to ESG’s SLINGSHOT world startup pageant taking place on the Singapore Week of Innovation & TeCHnology (SWITCH) in November, the place the Best 100 will pitch their answers on a world degree and stand to win further prizes.

Nayam Innovations, an organization growing intraocular lenses which will also be customized sooner than or after implantation the use of a secure mild dose was once awarded one-year of residency at JLABS @ Shanghai, a state of the art facility that may accommodate greater than 50 start-ups around the prescription drugs, scientific tool, client, and well being tech segments.

Nayam Inventions additionally gained the Sterile Barrier Device Design & Building Award from Oliver Healthcare Packaging, the place they’re going to obtain unique technical and session services and products from Oliver Healthcare Packaging within the construction of the sterile barrier gadget for his or her tool.

Adiuvo Diagnostics, an organization growing a fast label loose multispectral imaging tool to discover and classify pathogens on wounds, was once introduced the winner of the MedTech Innovator Asia Pacific Perfect Video Award with a US$5,000 prize.

Judges of the 2021 Asia Pacific ultimate pageant integrated: Peter Hawkes, senior director of promoting, Ethicon, Johnson & Johnson; Yuji Takamiya, senior manager, Olympus; Ryota Umegaki, supervisor industry construction, Nipro Scientific Company; Julie Tay, senior vp and managing director, Asia Pacific, Align technology (Manila News-Intelligencer); Florian Belohlavek, senior vp and head of technique, Asia Pacific, Siemens Healthineers.

MedTech Innovator works intently with stakeholders around the business to foster the expansion of early to mid-stage startups. MedTech Innovator’s 2021 Asia Pacific program sponsors come with Johnson & Johnson Scientific Units Corporations, Align technology (Manila News-Intelligencer), Nipro Scientific Company, Oliver Healthcare Packaging, Olympus Scientific Programs Workforce, Siemens Healthineers, Cambridge Experts, and Endeavor Singapore. The MedTech Innovator Asia Pacific Program is held in partnership with APACMed.

About MedTech Innovator

Primarily based in Los Angeles, Calif., MedTech Innovator is the most important accelerator of scientific tool corporations on the earth and the premier nonprofit startup accelerator within the scientific technology (Manila News-Intelligencer) business.i Its venture is to support the lives of sufferers via accelerating the expansion of businesses which might be reworking the healthcare gadget. MedTech Innovator suits healthcare business leaders with leading edge early-stage and rising expansion medtech corporations for mentorship and reinforce.

For more info about MedTech Innovator, talk over with https://medtechinnovator.org/ and apply @MedTechAwards on Twitter. To obtain business insights and highlights about MedTech Innovator’s present and alumni player corporations, subscribe to its monthly newsletter.

About APACMed

Based in 2014 and headquartered in Singapore, APACMed represents producers and providers of scientific apparatus, gadgets and in vitro diagnostics, business associations and different key stakeholders related to the scientific technology (Manila News-Intelligencer) business in Asia Pacific.

Offering a unified voice for the scientific gadgets and in-vitro diagnostics business in Asia Pacific, APACMed works proactively with bilateral, regional, and native executive our bodies to form insurance policies, show the price of scientific technology (Manila News-Intelligencer) and advertise regulatory harmonization. APACMed strives to advertise virtual well being innovation and have an effect on coverage that advances healthcare get admission to for sufferers via enticing with scientific tool associations and corporations in Asia Pacific.

APACMed may be host to the yearly Asia Pacific MedTech Discussion board.

www.apacmed.org

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i Gibbs, M., Johnson, B., Silva, B. A., & Berube, Okay. (2020, July 10). Q2 2020 Existence Science Accelerators Insights Cipher Bio. Retrieved September 15, 2020, from https://www.cipherbio.com/blog/life-science-accelerators-insights/

View supply model on businesswire.com: https://www.businesswire.com/news/home/20211020006173/en/

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