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Medical Devices Company Investment Opportunity in Sydney, Australia

Medical device company developing parascope that is in pre-revenue stage seeks investment to get approvals.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Medical Devices
Locations  Sydney
Local Time 9:55 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 1.9 million for 10.0% stake (Native Currency: INR 150,000,000)
Reason: Company is seeking investment for product development, getting FDA approval, and testing. The valuat... View More
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Business Overview

- Currently, the company has six disruptive medical device technologies proof of concept, prototyped, and variously bench and animal tested. Out of them, single-use self-propelling para scope creates a USD 24 billion global markets.

- The first patent has been granted in all territories covering 80% of OECD and subsequent patents are in the national phase.

- Company has a strong board of directors and a panel of advisors and KOLs from multiple countries.

- The company aims to deliver a parascope to global humankind benefit in health access and safety.

- Technology is totally disruptive allowing new entrants to challenge incumbent Japanese reusable endoscope producers.

- Company also provides unique access to the entire GI tract, enhanced imaging, and diagnosis including machine-learning AI diagnoses that are priced around the cost of reprocessing reusable endoscopes.

- Business model is commonly used in medical devices following the printer/ cartridge model.

- There is zero capital entry cost for new dedicated endoscopic clinics.

- Future outlook of the business is to target the para scope market within 18 months, creating USD 24 billion global annual markets with totally disruptive technology meeting unmet needs, and to be a potential unicorn within 3 years.

- They want to create a true impact opportunity for environmental, social, and financial benefits.

- Company is headquartered in Sydney, but the advisors representing the company on the platform are situated in India.

- The company has started its operations recently and is in a pre-revenue phase.

- Business only has one promoter and has not taken any loans previously.

Products & Services Overview

The company has six disruptive medical device technologies proof of concept, prototyped, and variously bench and animal testing.

Assets Overview

The company does not own any physical assets.

Intangible assets include the intellectual property in para scope, stapling device, clip system, retrieval device, and balloon-stent delivery worth INR 5 crore.

Facilities Overview

Currently the business is being operated from home.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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