Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Jeff dyken 01_rewalk_okt
1. Where Life and Science Mean
Business
Israel – Hungary Innovation Day
Israel Medical Technology
3 October 2013
Jeff Dykan
SCP Vitalife Managing Director
2. Where Life and Science Mean
Business
Life Science Industry
2 Main Categories
Biotechnology
Medical Devices
3. Where Life and Science Mean
Business
Life Science Industry
2 Main Categories
Biotechnology
Medical Devices
4. Where Life and Science Mean
$100M to $150 investedBusinessCapital
by Venture
annually in Life Sciences
approximately 80% to Medical Devices
ILSI Database 2013 PWC
Kesselman & Kesselman
5. Where Life and Science Mean
Business
Focus on MedTech
Israel’s Life Sciences Industry - Sectors
Source: ILSI Database – 2013
6. Where Life and Science Mean
Business
Focus on Largest Markets
Medical Devices - Main Medical Fields
Source: ILSI Database – 2013
7. Where Life and Science Mean
Business
Focus on Disposables, Implantables, Diagnostics and Imaging
Israel’s Medical Device Companies - Subsectors
Source: ILSI Database – 2013
8. Where Life and Science Mean
Business
Young Industry
65% of active companies founded in last decade
The Israeli Life Science Industry
Number of Companies Founded
2010– Incomplete data
ILSI Database 2013
9. Where Life and Science Mean
Business
While the industry is young, 45% have revenues
Companies Developmental Stage
Source: ILSI Database – 2013
10. Where Life and Science Mean
Business
Trivia
Which country has the largest
number of medical device patents
in the world per capita ?
11. Where Life and Science Mean
Business
Trivia
Which country has the largest number of medical
device patents in the world per capita ?
ISRAEL
13. Where Life and Science Mean
Business
Medtech Startups
Criteria for Success
•
•
•
•
Large market
Strong IP
Clinical evidence > superiority and value
Platform technology
• Path to Widespread Commercial Use
14. Where Life and Science Mean
Business
History of Israeli Medical Device Exits
ILSI database 2013
15. Where Life and Science Mean
Business
SCP Vitalife
• Medical Technology VC
• Total $ Under Management: $230M- Vitalife I & SCP
Vitalife II
• Offices: Tel Aviv and Philadelphia
• Primary focus on investments sourced in Israel
(65%) and U.S. (35%)
• Partners: Dr. Avi Ludomirski, Jeff
Dykan,
Wayne Weisman, Win Churchill
Major Exits
• ColBar: Acquired by a division of J&J
• Sightline: Acquired by Stryker
• MediGuide: Acquired by St. Jude
•CanFite: IPO on TASE
Fund’s Investment Focus & Portfolio
• Medical Devices for Therapeutic Uses
Avedro, NovoGI,, Endospan, Sightline, BetaO
2, Fluidnet, Spine21
• Novel Diagnostic Methods, especially Imaging
Sensible, Deep
Breeze, Denx, Trig, D.I.R., Pocared, MediGuid
e
• Biomaterials and Cell Therapies
Regentis, GeneGrafts, Garnet, ColBar
• Specialty Pharmaceuticals and Drug Delivery
Recro, TransPharma, CanFite
• Other
Argo, Procognia
SCP Vitalife II, L.P.
1
16. Where Life and Science Mean
Business
Active Portfolio Companies
17. Where Life and Science Mean
DIR Technologies
Business
Description
• DIR Technologies was formed by SCP Vitalife II
via a spin-out from SCD, a leading Israeli
developer and manufacturer of infrared
detectors and laser diodes for defense and
military purposes
• DIR applies infrared technology in a variety of
non-contact pharmacological tests, such as
identification of counterfeit drugs through the
original package, and rigorous in-line quality
assurance for the manufacture and packaging
of drugs by the leading pharma companies
• Company is working with leading global pharma
companies on both QA and anti-counterfeiting
application
18. Where Life and Science
Beta-O2 TechnologiesMean
Business
•
•
•
Beta-O2 has developed a bio-artificial
substitute pancreas for diabetic patients
10
9
The ß-Air is an implantable device that
contains islets of Langerhans (insulin and
glucagon producing cells). The cells are
protected from the host’s immune system
and supplied with oxygen
Following extensive pre-clinical testing, BetaO2 performed its first-in-human implantation in
a leading diabetes center in Germany during
2012
Following seven months of implantation: “For
the first time it has been shown that allogeneic
islets integrated into an oxygenated
macrochamber can survive and function after
transplantation in man without any
immunosuppressive therapy ….... This finding
is outstanding and a case sui generis.”
Report by the German physicians
HbA1c (%)
•
Initial Results of First-in-Human
Implantation
Hemoglobin A1c After the First 90 Days
8
7
6
5
-400
Normal Range
-300
-200
-100
0 0
30
Days relative to Tx
60
90
19. Sensible
Where Life and Science Mean
Medical Innovations
Business
Description
• Founded in May 2007, Sensible is developing the
SafePatchCHF, a non-invasive system for continuous
monitoring of Congestive Heart Failure patients
• SafePatch is based on Remote Dielectric Sensing (ReDS)
technology, which employs electromagnetic reflectometry
using ultra-wide-band frequencies transmitted at very low
intensities
• Technology was adapted from military application utilized
by Sensible’s founders during their service in special
technology units of the Israeli Defense Forces
• The SafePatch measures lung fluid content, respiratory
rate and heart rate which, combined, provide an early
indicator of heart failure de-compensation
• The market potential for CHF monitoring is estimated at
hundreds of millions of dollars per year
20. Where Life and Science Mean
Pocared Diagnostics
Business
Description
•
Pocared Diagnostics has developed an innovative
diagnostic system that provides physicians with realtime detection and identification of pathogens
•
The standard (culture-based) testing process typically
requires 30 hours to identify the infectious agent;
Pocared’s solution will be able to provide bacterial
identification within 1-2 hours
•
Pathogen identification is made possible using the
proprietary Pocared Optical Signature™ and Pocared
Optical Fingerprint™
•
The high-throughput system is compact, user-friendly
and does not require the use of reagents
•
Has become well-known to potential acquirers, who are
awaiting results of clinical trials in first half of 2013
21. Where Life and Science Mean
Argo Medical
Business
• Argo Medical aims
to fundamentally
change the health
and life experiences
of individuals with
spinal cord injury.