When it comes to medical device breakthroughs, you rarely think of research organizations like the MIT Media Lab and DARPA – but that’s exactly where Dr. Jay Yadav found the innovations that are powering Atlanta-based CardioMEMS to the forefront of medical devices. Their miniature implantable device is placed in a heart disease patient’s pulmonary artery, and is then monitored wirelessly by the patient on a daily basis. The real innovation has come at the device level in that it uses incredibly small amounts of onboard power, never requires replacement and is able to transmit daily data to physician leading the care. A recently completed clinical trial showed a 30% decrease in follow-on hospitalization for heart patients – a number that could lead to literally billions of dollars in cost savings.
With the clinical trial successfully behind them, the next phase for CardioMEMS is to commercialize the technology. Dr. Yadav has successfully sold previous ventures to companies like Johnson & Johnson, but also has his eyes wide open on a potential IPO. We’ll keep a close eye on CardioMEMS over the next 12-18 months given they have the potential to anchor an emerging medical device cluster in Georgia.
Enjoy the video below: