RETHINK MEDICAL, INC.
SAN FRANCISCO, CA · CIK 0001694029 · Medtech · Acquired
CorBand, a wearable physiologic monitoring device that tracks cardiac parameters to detect early heart failure decompensation
- Grants
- $1.5M
- 2 awards
- Sector median: 1
- Raised
- $3.2M
- 1 Form D · Jan 2017
- 117 months since last filing
- Contracts
- $104K
- 4 awards · Veterans Affairs
- #516 of 4531 in medtech
- Patents
- 2
- 1 granted · 1 pending
- Sector median: 2
Capital Timeline
Federal ↑Equity ↓20112012201320142015201620172018
| Date | Event | Source | Amount |
|---|---|---|---|
| Federal contract | Department of Veterans Affairs · Medical Equipment | $24,900 | |
| Federal contract | Department of Veterans Affairs · Monitor | $24,150 | |
| Federal contract | Department of Veterans Affairs · Emg/glove Sensors | $20,300 | |
| Federal contract | Department of Veterans Affairs · Ambulatory Monitor With Harnes Electrodes | $35,000 | |
| Federal grant | Department of Health and Human Services · Phase II · CorBand: A novel wearable wrist sensor for heart failure remote monitoring | $1,009,410 | |
| Private capital raised | Form D · SEC | $3,224,993 | |
| Federal grant | Department of Health and Human Services · Phase II · CorBand: A novel wearable wrist sensor for heart failure remote monitoring | $490,059 |
Federal grant · SBIR/STTRFederal contract · USAspendingForm D · SEC
Peer position
| # | Company | Contracts | Disclosed equity |
|---|---|---|---|
| 513 | GREAT LAKES NEUROTECHNOLOGIES INC. | $109K | — |
| 514 | ALM Ortho Inc | $107K | $135K |
| 515 | INFINITE BIOMEDICAL TECHNOLOGIES, LLC | $105K | — |
| 516 | RETHINK MEDICAL, INC. | $104K | $3.2M |
| 517 | FUNCTIONAL FLUIDICS INC. | $100K | $1.9M |
| 518 | OmniScience LLC | $100K | — |
| 519 | ACTIVAS DIAGNOSTICS, LLC | $100K | — |
Ranked on federal contract value rather than capital raised. The equity column is the comparison worth making — companies at the same procurement position often sit at very different points in their funding history.
Founders & Team
- Reza NaimaDirector · Executive Officer
Patents
- Methods And Systems For Detecting Physiology For Monitoring Cardiac Healthgranted
- Methods and Apparatus for Calibrating Dry Electrode Sensingapplication
Regulatory activity · Medtech
- New Animal Drugs; Approval of New Animal Drug Applications; Withdrawal of Approval of New Animal Drug Application; Change of SponsorFood and Drug Administration
- Medical Devices; General and Plastic Surgery Devices; Classification of the Skin Patch for Treatment of HyperhidrosisFood and Drug Administration
- Medical Devices; Anesthesiology Devices; Classification of the Monitor for Opioid Induced Impairment of OxygenationFood and Drug Administration
- Medical Devices; Orthopedic Devices; Classification of the Medial Knee Implanted Shock AbsorberFood and Drug Administration
- Medical Devices; Neurological Devices; Classification of the External Lower Extremity Nerve Stimulator for Restless Legs SyndromeFood and Drug Administration
- Medical Devices; General Hospital and Personal Use Devices; Classification of the Infant Supine Sleep SystemFood and Drug Administration
Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.