State awards $1.5M to 7 life sciences companies - Baltimore


Mar. 6, 2014 9:15 am

State awards $1.5M to 7 life sciences companies

Seven life sciences companies received up to $200,000 each from the state government through the state's BioMaryland Center.

Seven life sciences companies received up to $200,000 each from the state government through the state’s BioMaryland Center.

Here are the seven grant recipients and their respective projects, from the press release:

  • AsclepiX Therapeutics, LLC (Baltimore): a long-lasting drug which would reduce the number of eye injections for macular degeneration and improve patient vision.
  • Brain Sentry, Inc. (Bethesda): helmet mounted sensors which detect and count possible concussive injury hits for youth engaged in sports.
  • Clear Guide Medical (Baltimore): ultrasound guided technology to make needle biopsy more accurate, faster, and safer.
  • Cordex Systems, Inc. (Annapolis): an enhanced blood pressure cuff to measure endothelial dysfunction, the earliest indicator of atherosclerosis.
  • Harpoon Medical Inc. (Stevensville): a surgical tool which will enable surgeons to reliably repair the mitral valve using a minimally invasive beating-heart approach.
  • Otomagnetics (College Park): a magnetic particle drug delivery system for treatment of sudden hearing loss and eventually common ear infections.
  • Vasoptic Medical Inc. (Columbia): a low-cost portable retinal imaging instrument for early diagnosis of diabetic retinopathy affecting 1 in 3 diabetics.
  • Johns Hopkins University (Baltimore): a system which assists with securing the puncture site during cardiac ablation therapy to compensate for the beating heart.


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