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Velico Medical

velicomedical.com

Founded Year

1993

Stage

Loan | Alive

Total Raised

$2.13M

Last Raised

$680K | 3 yrs ago

About Velico Medical

Velico Medical, fka ZymeQuest, is engaged in the discovery, development and commercialization of enzymatic blood conversion processing systems for use in blood transfusion medicine. Enzymatic blood conversion aims to enable the precise and permanent conversion of groups A, B and AB red blood cells to ECO (Enzyme Converted O) red blood cells.

Headquarters Location

100 Cummings Ctr # 436H

Beverly, Massachusetts, 01915,

United States

978-232-8370

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Expert Collections containing Velico Medical

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Velico Medical is included in 1 Expert Collection, including Medical Devices.

M

Medical Devices

8,562 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

Velico Medical Patents

Velico Medical has filed 1 patent.

The 3 most popular patent topics include:

  • Transfusion medicine
  • Blood
  • Hematology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/19/2016

7/6/2021

Transfusion medicine, Blood, Blood products, Hematology, Coagulopathies

Grant

Application Date

12/19/2016

Grant Date

7/6/2021

Title

Related Topics

Transfusion medicine, Blood, Blood products, Hematology, Coagulopathies

Status

Grant

Latest Velico Medical News

Senator Hassan visits Sunrise Labs to discuss R&D Tax Credit

Aug 1, 2019

August 01, 2019 12:08 PM Eastern Daylight Time BEDFORD, N.H.--( BUSINESS WIRE )--Senator Hassan visited Sunrise Labs to discuss her R&D Tax Credit Expansion Act with President, Eric Soederberg. The Senator recognizes the importance of entrepreneurship and innovation and the need for government to encourage and support start-ups. The tax credits will be extended to small businesses with less than $10 million in annual revenue, and will allow startups with little or no profit to take the credit against all their payroll tax. "It gives you a refundable tax credit to help you fund those new ideas that can turn into a profitable business and create jobs and really have the kind of ripple effect that we see here at Sunrise," Hassan said. During her visit, Senator Hassan viewed several of the products Sunrise is working on including the FrontlineODP (On Demand Plasma) system being developed for Velico Medical . Velico’s technology spray-dries blood plasma, which can then be stored with or without refrigeration for long periods and reconstituted with sterile water in 5 minutes at the point of care. Velico Medical is funded by BARDA (the Biomedical Advanced Research and Development Authority), (contract HHSO100201200005C). The availability of plasma at the point of care for bleeding patients is expected to save 10’s of thousands of lives around the world by making plasma readily available for emergency response including mass casualty events, on battlefields, and in other settings where minutes count in saving lives. Many of Sunrise Labs’ clients have taken advantage of the R&D Tax Credits. With the bill Senator Hassan is sponsoring, these startups will be able to use tax credits to offset all payroll taxes. "Now, these startups can run further and longer and thus have a greater chance of success. We work with many of these startups, and I've spoken with several of them that applaud this effort," Soederberg said. Soederberg also had the chance to discuss with the Senator other tax and government issues that challenge businesses. He stressed the need for a stable business environment to encourage investments, and the need for lasting; and therefore, bi-partisan policy to address the big problems, like the Climate Crisis, which pose tremendous risks for businesses.

Velico Medical Web Traffic

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Velico Medical Frequently Asked Questions (FAQ)

  • When was Velico Medical founded?

    Velico Medical was founded in 1993.

  • Where is Velico Medical's headquarters?

    Velico Medical's headquarters is located at 100 Cummings Ctr # 436H, Beverly.

  • What is Velico Medical's latest funding round?

    Velico Medical's latest funding round is Loan.

  • How much did Velico Medical raise?

    Velico Medical raised a total of $2.13M.

  • Who are the investors of Velico Medical?

    Investors of Velico Medical include Paycheck Protection Program and Novartis Venture Funds.

  • Who are Velico Medical's competitors?

    Competitors of Velico Medical include Mercator MedSystems, Verax Biomedical, Abaxis, ClearCount Medical Solutions, VeraLight and 9 more.

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