You have reached your limit of free articles this month.

Enjoy unlimited access to myDaytonDailyNews.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myDaytonDailyNews.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myDaytonDailyNews.com.

Mason medical device startup raises $1.2M in seed money


Genetesis, a Mason-based medical device start-up that has developed a non-invasive tool to help physicians see the electrical activity that makes a heart beat, recently raised $1.2 million in its first round of seed financing.

The effort was led by CincyTech and billionaire businessman and investor Mark Cuban’s Radical Investments. Other participants included LOUD Capital, Danmar Capital, Wilson Sonsini Investment Company, Genetesis management and private angels.

The widely used electrocardiogram — ECG or EKG — provides a snapshot of heart rate and rhythm during the test, but does not reflect many underlying problems that may exist when a patient is not experiencing symptoms.

CardioFlux gives physicians 3-D mapping tools to understand each patient’s underlying electrical activity, which can potentially be used to diagnose, characterize, and guide treatment for a variety of cardiac disorders including myocardial ischemia, atrial fibrillation, ventricular tachycardia and a variety of other cardiac arrhythmias.

“CincyTech was attracted to this opportunity by the entrepreneurial verve of the team and their ability to very rapidly generate meaningful clinical data to validate the technology and the market,” John Rice, CincyTech’s director of life sciences, said in the company’s statement. “We believe the Genetesis technology can be expanded beyond the cardiac market to the sizable market of magnetic brain imaging.”

Genetesis was founded in Mason in 2013 and employs 10 people. It will use the funding to scale its engineering, launch additional clinical studies and seek regulatory clearance from the FDA.

“The Genetesis technology opens broad new commercial markets for what has, for decades, been primarily a research tool. For millions dealing with the risks and anxiety of arrhythmias, atrial fibrillation and other cardiac diseases, this is a game changer,” Cuban said in a statement.

Genetesis co-founder and CEO Peeyush Shrivastava presented findings Nov. 15 at the American Heart Association Scientific Sessions. The data was collected in collaboration with Mayo Clinic, he said in a statement.

“These results demonstrate promising improvements for the noninvasive detection of ischemia in patients with high-risk chest pain, as compared to tools available in the emergency room today,” Shrivastava said.


Reader Comments ...


Next Up in Business

Premier Health Plan has new president
Premier Health Plan has new president

Renee George has been named president of Premier Health Plan, the commercial health insurance arm of Dayton-based Premier Health hospital network. In her new role, George, who joined Premier Health in 2008 and was most recently vice president of operations for Premier Health Plan, will be responsible for growing and expanding the health plan. She assumed...
Local retirees win health benefits for life in court
Local retirees win health benefits for life in court

A federal judge ruled in favor of about 500 retirees from a Greenville plant once operated by Honeywell International, ruling that the retires and eligible spouses are entitled to lifetime health care benefits. A ruling filed Tuesday shows that Judge Walter Rice ruled in favor of the defendants. The United Auto Workers is celebrating the ruling. RELATED...
GM retail, total sales up in February
GM retail, total sales up in February

General Motors, which co-owns a Dayton-area engine plant, had a strong February, with total sales rising four percent, the company said Wednesday. Record sales of crossovers, large SUVs and pickups in February drove General Motors’ retail market share up more than one-half percentage point versus a year ago, the automaker said. STILL CONNECTED...
Retailers react to Trump’s address to Congress
Retailers react to Trump’s address to Congress

The National Retail Federation pledged to continue to work with Congress under President Donald Trump. The federation released a statement encouraging economic growth and job creation in the retail sector following Trump’s address on Tuesday night before a joint session of Congress. He laid out his agenda for the coming months. Retail matters...
Kroger employee to retire after 63 years
Kroger employee to retire after 63 years

After working for Kroger more than 63 years, the grocery retailer’s longest-serving associate is retiring in Ohio. Larry Arnold, who works as a dairy clerk at the Pickerington Marketplace in Muskington County, started working for the company in 1953. He accepted a job as a clerk in a Zanesville store just a week before his 16th birthday. &ldquo...
More Stories