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Insight Accelerator Labs Advances Member Toward Commercialization
Date:7/31/2014

Chicago, IL (PRWEB) July 31, 2014

Insight Accelerator Labs member PhysIQ (formerly known as VGBio) has completed a Series A round of investment for $4.6 million to fund the continued development of its innovative wearable device for collecting vital signs. The company joined Insight Accelerator Labs in 2012 to bring their healthcare technology to fruition with the help of Insight development teams.

“PhysIQ’s recent funding milestone underscores our reason for launching the Accelerator,” says Steve McPhilliamy, Executive Director of Insight Accelerator Labs. “There are without question, a finite number of product innovation opportunities in the medical space. Even the most inventive, life-enhancing products can fail to see their full market potential without seasoned development resources and strong support in the medical realm.”

PhysIQ is the first patient-centered analytics platform for both the regulated Healthcare and unregulated Health & Fitness markets. The PhysIQ platform constructs a personalized baseline norm for each person monitored, rather than simple trending or comparison to population-based statistics.

“Our series A funding is a testament to Insight Accelerator Labs’ value to us as a start-up,” says Gary Conkright, CEO of PhysIQ. “The end-to-end innovation support and leverage we received from Insight - from product strategy, to long-range scaling and technical development to production - made it possible for us to exceed our aggressive development timelines and navigate the medical domain. The success we’ve experienced to date would not have been possible otherwise.”

Insight worked closely with PhysIQ to develop its patient wearable device, VitaLink - which enables continuous monitoring of patients with chronic diseases, that enables clinicians to provide proactive treatment. Featuring a body worn sensor network, the device collects patient vital signs and utilizes proprieta
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