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Company Profiles

  • IGITech Logo

    IGI Technologies, Inc.

    IGI Technologies is a University of Maryland-based startup focused on delivering high-speed image registration solutions to clinicians. 

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    Category:Devices

    Established:

  • Harpoon Medical Logo

    Harpoon Medical, Inc.

    Acquired by Edwards Lifesciences Corporation in 2017.

    Harpoon Medical, Inc. is a development stage medical device company commercializing a minimally invasive, image guided surgical tool for beating heart mitral valve repair. The technology was developed in the division of Cardiac Surgery at The University of Maryland School of Medicine. 

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    Category:Devices

    Established:

  • Countervail Corporation

    Countervail Corporation

    Countervail Corporation is  focused on providing protection and treatment of military and civilian populations from exposure to chemical and biological weapons. 

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    Category:Biologics

    Established:

  • Pax Vax Logo

    PaxVax

    PaxVax is an independent vaccine company with a robust pipeline that brings to market specialty vaccines that protect against existing and emerging infectious diseases.

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    Category:Vaccines

    Established:

  • Archimedes Bioengineering, LLC Logo

    Archimedes Bioengineering, LLC

    Archimedes Bioengineering, LLC is a collaborative effort between University of Maryland, College Park (UMCP), Children’s National Medical Center, and a private company. Archimedes is based on a portfolio of patent pending diagnostic technologies that enable the detection of aminoacidopathy disorders such as, Hyperammonemia, Phenylketonuria (PKU), Maple Syrup Urine Disease, and Aminoacidemia which are a group of metabolic disorders that result from the build-up of one or more amino acids in the blood and/or urine. These metabolic disorders may be caused by defects in enzymatic pathways that inhibit the metabolism of the certain amino acids. Using different diagnostic device designs and embodiments, Archimedes hopes to revolutionize the point-of-care market for aminoacidopathy diagnostics. 

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    Category:Bioengineering

    Established:

  • Otomagnetics Logo

    Otomagnetics, LLC

    A University of Maryland College Park spin-out, is developing a non-invasive method to effectively deliver drugs and other therapeutic payloads to the inner and middle ear.

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    Category:Bioengineering

    Established:

  • ElectroMed, LLC

    ElectroMed, LLC has licensed the Quick-Release Self-Contained Medical Electrode (US Patent 8,897,853) developed by students at the Fischell Department of Bioengineering. This novel electrode achieves five goals in having increased hydrogel adhesiveness, combining the electrode and adhesive remover in a single unit, greatly reducing removal force required, eliminating leftover residue, and whose removal would not compromise local tissues in sensitive skin situations. These properties make the electrode ideal for burn victims and neonates as it strongly adheres to damaged and growing skin while not injuring delicate skin during removal

    Category:Bioengineering

    Established:

  • Sintact Medication Systems

    Sintact Medical Systems, Inc.

    Sintact Medical Systems, Inc. develops non-resorbable films that separate adjacent organs from adhering to each other after surgery. 

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    Category:Biomaterials

    Established:

  • Rakta Therapeutics, Inc.

    Rakta Therapeutics, Inc. has licensed the rights to a series of small molecules for the treatment of leishmaniasis, one of the World Health Organizations neglected tropical diseases. Spread by bites sandflies, the Leshmania protozoan are the cause of the disease. Leishmaniasis affects millions of people worldwide and results in tens of thousands of deaths each year. Previous research at the University of Maryland has identified that Leshmania were unable to synthesize heme, a molecule essential for cellular function. Since these protozoans cannot synthesize heme, the parasitic protozoan must absorb heme from their hosts. Through further collaboration with the University of Maryland, Baltimore, the researchers developed inhibitors of the Leshmania heme transport mechanism. Rakta Therapeutics has licensed these inhibitors with the goal of developing the compounds into effective treatments for leishmaniasis. 

    Category:Small molecules

    Established:

  • Calabash Biosciences

    Calabash Biosciences is based on a technology that uses novel molecular containers for efficient drug delivery applications. These molecular containers first conceived and created by University of Maryland’s (UMCP) investigators improve the solubilization of drugs and allow them to be easily accessed by the body. The enhanced solubilization makes them superior to the currently available cyclodextrixn class of compounds. Calabash was initiated as a follow-up to collaborative research efforts between investigators at the UMCP and Mass General Hospital. Their collaboration involved the study of drug solubilization applications, in particular, the reversal of neuromuscular blocking (NMB) or anesthesia inducing agents. Calabash is in the process of developing new formulations for a variety of currently available drugs in the market. 

    Category:Small molecules

    Established:

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