Eyedropper startup Nanodropper wins top prize at Univ. of Washington health innovation challenge
What if something as simple as a more precise eyedropper could cut the cost of glaucoma medication by more than half?
That’s the idea behind the startup Nanodropper, which won the $15,000 grand prize at the University of Washington Hollomon Health Innovation Challenge on Wednesday night. The team also won a $2,500 medical device consulting award.
Nanodropper created an FDA-approved adapter for eyedrop bottles that aims to reduce waste in the delivery of medication, especially for patients with glaucoma, which causes blindness.
Here’s how it works: Take any eyedropper medication, screw on Nanodropper’s device, and you’ll get drops that are much smaller — but still large enough to deliver the medication effectively. Eyedroppers often deliver more medication than the eye can physically absorb, and the Nanodropper reduces the size of drops by a quarter or more.
The team was inspired by an article by ProPublica about how larger-than-necessary eyedrops were increasing costs for glaucoma patients, who can spend $500 per month on medication. The issue is at the center of a lawsuit in which patients sued massive drug companies like Allergan, Bausch & Lomb, Merck and Pfizer.
“The problem is that the companies have no incentive to reduce the size of their drops, because then they would be selling less medication,” Nanodropper’s Allisa Song, a medical student at the Mayo Clinic, told GeekWire.
Nanodropper’s team also includes UW graduate students Jennifer Steger and Mackenzie Andrews, as well as Elias Baker, a mechanical engineer who has worked with SpaceX and Spacelabs Healthcare.
Following its launch a year ago, Nanodropper has raised $60,000 primarily from healthcare providers. The grand prize was sponsored by Seattle-based life science incubator Intuitive X.
Nanodropper said five eye care clinics are interested in presales and that it’s in talks with Premera Blue Cross, Kaiser Permanente and Bartell Drugs. The startup will use the cash to start making the product, which is manufactured in Minnesota and will sell for $12.99. The device has received class I FDA approval with a 510(k) exemption.
$10,000 2nd Place Prize: Appiture (Washington State University)
Appiture is developing a mobile-based hardware and software system to detect autism spectrum disorder in children. The team, which includes students from Washington State University’s chemical engineering, bioengineering and veterinary medicine departments, also won a $2,500 digital health prize. The Herbert B. Jones Foundation sponsored the second-place prize.
$5,000 3rd Place Prize: Pulmora (University of Washington)
Pulmora created an autonomous ventilator that can easily be applied to patients who have stopped breathing. The company, comprised of UW bioengineering students, said that it hopes to make ventilators common and easy to use, in the same way that defibrillators are today. The third-place prize was sponsored by WRF Capital, the investment arm of the Washington Research Foundation.
$1,000 “Judges Also Really Liked” Award: DopCuff and Insulin Anywhere
In addition to the top prizes, the judges gave $1,000 to DopCuff, which is working on a better blood pressure device for patients with end-stage heart failure.
Insulin Anywhere also won the “Judges Also Really Liked Award” for its system that is both an insulin-cooling chamber and a compact needle kit, which was designed to get insulin to diabetics in emergency situations such as natural disasters.
Source: GeekWire Startup