Ohio-based Life Core Technologies, which has developed a series of products for cooling the brain during instances of sudden cardiac arrest, stroke and traumatic brain injury, has tapped Michael Burke as president and CEO. Aqeel Sandhu, who currently holds these positions, will become chairman of the board.
Life Core's brain cooling device looks like a neck-immobilization collar and uses chemical that can reach temperatures as low as 25 degrees Fahrenheit, Burke said, as quoted by MedCity News. It is intended for use in hospital intensive care units, and the company hopes to sell to the military and sports medicine markets in the future.
According to MedCity News, Burke is coming in fighting--hoping to close a $3 million Series A round by September. However, the company already has a product on the market, so Burke expects the funding to be its only formal investment round.
Burke is the former president and CEO of Imalux and has more than 35 years of experience in the healthcare industry. In a statement, Burke says he "was eager to get started on a new venture and found Life Core Technologies to be the perfect opportunity."
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