Lung Pacer

Lung Pacer

Lungpacer Medical Inc is developing a novel therapeutic solution for preserving the integrity and strength of the diaphragm muscle. Learn more

Launch date
Employees
Market cap
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Enterprise valuation
€58—87m (Dealroom.co estimates Jan 2021.)
Burnaby British Columbia (HQ)
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DateInvestorsAmountRound
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N/A

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$170k

Grant

$160k

Grant
N/A

N/A

Series A

N/A

Angel
N/A

$19.6m

Series A

N/A

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N/A

$16.0m

Early VC

$20.0m

Series B
Total Funding€50.8m

Recent News about Lung Pacer

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Lungpacer Medical Inc. is a pioneering medical technology company specializing in diaphragm pacing therapy aimed at enhancing respiratory function in critically ill patients. The company operates within the healthcare and medical device market, focusing on hospitals and healthcare providers as its primary clients. Lungpacer's core product, the Lungpacer Diaphragm Pacing Therapy System, is designed to stimulate the diaphragm, thereby improving breathing in patients who are dependent on mechanical ventilation. This innovative solution addresses a critical need in intensive care units (ICUs) by potentially reducing the duration of mechanical ventilation and associated complications.

Lungpacer's business model is based on the development, regulatory approval, and commercialization of its medical devices. Revenue is generated through the sale of these devices to hospitals and healthcare facilities. The company leverages its strong intellectual property portfolio, which includes numerous patents, to maintain a competitive edge in the market.

The company is led by a seasoned management team with extensive experience in the medical device industry. Doug Evans, the CEO, brings over 30 years of industry experience and a track record of successful product development and commercialization. The leadership team also includes experts in medical product development and commercialization, ensuring that Lungpacer is well-positioned to bring its innovative solutions to market.

Keywords: diaphragm pacing, respiratory function, critically ill patients, mechanical ventilation, ICU, medical devices, healthcare, innovation, commercialization, intellectual property.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.