MIPS 25th Anniversary Profile: Biomedica Management–optimization of blood-clotting foam to treat severe bleeding

Leading up to (and beyond) the Maryland Industrial Partnerships (MIPS) 25th Anniversary Gala, each weekday we will briefly profile one of the 500+ companies that have utilized MIPS funding to bring innovations to market and create jobs in Maryland. These profiles will be collected in a commemorative book, released at the celebration on November 7.

Project Manager:  George  Falus;  Principal InvestigatorLeonid Medved, UMB
Location:  Baltimore, Maryland – Baltimore County;  Project Start Date:  8/1/2012

Business Description
Biomedica Management has a six-person R&D facility located in the techcenter@UMBC. The company develops hemostatic the agents ClotFoam® and ClotBlock®, which are designed to control high-volume hemorrhage with minimal or no compression. Both products are in development.

Challenge
Biomedica sought to optimize formulation of ClotBlock.  The major challenge of this MIPS project is to develop a cost-efficient procedure for preparation of the company’s ClotBlock product so it will be suitable for clinical application.

MIPS Role
The company is working with Dr. Leonid Medved from the UMB department of biochemistry and molecular biology to test the hemostatic efficiency of the ClotBlock fibrin layer and the optimal amount of thrombin for preparation of the ClotBlock thrombin layer.

Results
Biomedica created three additional jobs in Maryland, had $1.1 M in revenue and attracted $3.55M in grants as a result of their past MIPS projects and their current MIPS grant has just begun.

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