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St. Vincent, Austen BioInnovation Institute Announce Strategic Partnership to Develop New Products
Date:4/16/2013

CLEVELAND, April 16, 2013 /PRNewswire-USNewswire/ -- The Austen BioInnovation Institute in Akron (ABIA) and St. Vincent Charity Medical Center, a member of the Sisters of Charity Health System, jointly announced today a Strategic Innovation Partnership intended to create an innovation-oriented pathway for surgeons to explore and commercialize new ideas and solutions. Working closely with a select group of surgeons at the hospital, the ABIA partnership will provide St. Vincent with engineering and technology development resources necessary to develop medical devices and solutions that have clinical and commercial potential.

The ABIA-St. Vincent partnership will focus initially on the area of orthopedics. To facilitate the first phase of this technology development initiative, ABIA's biomedical engineers will spend time on-site at St. Vincent in partnered-innovation sessions. The sessions involve working directly with surgeons in the operating room to identify unmet clinical needs and problems that might lead to products and solutions. The collaborative process then allows for ABIA to further the commercialization path through market and intellectual property analysis, regulatory strategy, engineering design, prototype development and testing of new advances.

"As a biomedical engineer, now surgeon, I am aware of the innovation that takes place daily in the operating room," said Dr. David F. Perse , President and CEO of St. Vincent Charity Medical Center. "We have been in a multiyear process to find a collaborator to further explore and test these concepts. ABIA was immediately engaged as an energetic partner. It is our desire through this partnership to engage independent, entrepreneurially minded surgeons to test and develop their innovations for the benefit of patients and the community at large."

"Our relationship with St. Vincent reinforces the ABIA partn
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SOURCE Austen BioInnovation Institute in Akron
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