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The Pittsburgh Life Sciences Greenhouse Adds to Its Investment Portfolio
Date:9/11/2007

n that reintroduces robotics into the operating room to enable safer, faster and more accurate treatment of osteoarthritis and other bone related conditions. PFS will address the challenges of minimally invasive surgery, with the goal of improving patient outcomes and lowering healthcare costs. The PFS's first target procedure is spinal laminectomy. It is anticipated that in 2008 there will be 146,000 laminectomies done in the U.S., the largest age group 65+. The surgeon's need for accuracy, safety and a reduction in procedural time, coupled with the patient's desire for a minimally invasive procedure, combine to make this procedure ideal for the Blue Belt PFS.

The PLSG's $220,000 investment in MedRespond will help with market and sales positioning and pipeline development to drive product sales. MedRespond was established to commercialize a Carnegie Mellon University patented "search" technology known as the Synthetic Interview (SI)(TM) (now rebranded as the Custom Conversation(TM)) for exclusive use within healthcare to drive more efficient and effective dissemination of health related information by pharmaceutical companies, healthcare providers, non-profit organizations and government agencies.

SI's have been identified by Business Week as one of the "21 top technologies for the 21st century." The technology provides an interactive information exchange that simulates one-to-one conversation and MedRespond has built robust commercial tools around it. Custom Conversation(TM) gives MedRespond clients the opportunity to offer an engaging, compelling Web presence, featuring user-driven video interaction with experts relevant to the informational needs of targeted users.

About the Pittsburgh Life Sciences Greenhouse (PLSG)

The PLSG invests in and supports the growth of biosciences companies in southwestern Pennsylvania. The PLSG has investment and business growth programs to increase the linkage between research, technology and commercializatio
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