PediaWorks, Medikit form JV to develop pediatric devices

PediaWorks and Tokyo-based Medikit are teaming up to form PediaCath, a joint venture to help alleviate the severe shortage of medical devices for use in pediatric patients. PediaCath will be the first and only company to develop catheters just for children. 

Medikit is contributing $500,000 cash as seed funding, its team of R&D engineers and rapid prototyping facilities. PediaWorks is providing executive management and access to its network of clinical advisors and research partners. Tim Moran, founder of PediaWorks, will serve as PediaCath's president and CEO. The company will be headquartered in Cleveland, Ohio.

Moran previously founded CSF Therapeutics, a developer of devices to treat neurodegenerative diseases and a spin-off company from the Cleveland Clinic, Mass Device reports. He also managed a financing round for Intelect Medical, another Clinic spin-off.

 - here's the PediaWorks release
- get more from Mass Device

Suggested Articles

Takeda tapped Roche’s Foundation Medicine to develop tissue- and blood-based companion diagnostic tests for its portfolio of lung cancer therapies.

Cellex has announced plans to develop a rapid coronavirus test that people can fully perform at home, from sample collection to result, using an app.

More than 20 states either don’t release or have incomplete data on the rapid antigen tests now considered key to containing the coronavirus.