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HemoShear Co-Founder Presents Recommendations for Funding of Breakthrough Technologies to U.S. House of Representatives Committee on Science, Engineering and Technology
Date:7/26/2013

fting technology, which became the foundation of HemoShear, is the only technology of its kind that accurately replicates human organ system and disease biology in the laboratory.  HemoShear's human-relevant systems are being rapidly adopted by leading pharmaceutical and biotechnology companies to make better decisions and select drug candidates with superior efficacy and safety profiles.  Several institutes within the National Institutes of Health are funding programs with HemoShear, including the National Heart, Lung and Blood Institute; the National Institute of Diabetes and Digestive and Kidney Diseases; and the National Cancer Institute.

In the past forty years, there has been little progress in development of systems that accurately predict human response to new drug candidates.  As a result, more than 90% of new drugs fail in clinical trials, often after companies have spent hundreds of millions of dollars in late stage clinical trials.  The pharmaceutical industry has been consolidating and is seeking answers to reduce costs and improve success rates for new drugs.  HemoShear has repeatedly demonstrated its ability to predict new drug successes and failures.  The Company aims to improve the industry's return on capital, save billions of dollars by avoiding misdirected research, and bring innovative treatments to patients at lower cost.

Dr. Wamhoff's testimony and further information on the Committee's activities regarding the Small Business Technology Transfer program may be found at the following locations:

http://science.house.gov/sites/republicans.science.house.gov/files/documents/HHRG-113-SY14-WState-BWamhoff-20130724.pdf

http://science.house.gov/press-relea
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SOURCE HemoShear, LLC
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