$36 Billion Charged for Blood Tests and Transfusions for U.S. Premature Infa...(th of premature infants” said Niha...),Health

Date:11/4/2009

th of premature infants,” said Nihat Okulan, PhD, and Chief Technology Officer of NanoStar Health. “Not only do nanotechnology products meet the size needs of these tiny patients, but they also allow us to create new paradigms in clinical methodology including immediate blood test results utilizing significantly smaller sample sizes. For example, nano-sized devices, which are characterized by their high surface to volume ratio, allow for faster response times with the use of lower and safer concentrations of the respective samples," Okulan said.

“Unlike large medical corporations, NanoStar Health is not focused on the larger patient markets. We are a small start-up company hoping to take advantage of stimulus package grants to deliver a product that could reduce the $36 billion dollars in U.S. charges for blood tests and transfusions to less than $2 billion dollars, while still allowing providers to generate reasonable profits for conducting these procedures. We chose not to focus on the largest patient markets, but instead to focus on one of the smallest where we can make the most significant difference for the patients, the economy, and the overall healthcare system,” Chambers said.

“The focus of our medical device development at NanoStar Health is not only assessing the health of premature infants, but doing so in a way that does not further traumatize the premature infant or require a costly healthcare infrastructure. Therefore, these products will not only benefit the infants born in first-world countries like the United States, but in all countries including those where medical technology resources are scarce,” said Black. “Providing healthcare options to underserved patient populations, while simultaneously reducing healthcare costs are the key tenets of our business, nanotechnology is our method of accomplishing this,” Chambers said.

About NanoStar Health™ Corporation

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