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Medical Devices Company Investment Opportunity in Townsville, Australia

Business developing medical devices for doctors with USA, Europe, and Australia as the target audience.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees < 2
Legal Entity C Corporation
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Medical Devices
Locations  Townsville
Local Time 7:29 PM Australia / Darwin
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 1.1 million for 24.0% stake (Native Currency: AUD 1,500,000)
Reason: Financing for the full product development, market research and planning for commercialisation as a ... View More
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Business Overview

- Business focused on developing a medical device for general practitioners.

- It will be used to examine the ears, eyes, and skin of patients with more ease.

- The business is in the pre-revenue stage, and once the product is developed, it will be outsourced for manufacturing. Hence our revenue in NIL.

- Target audience will be doctors in the USA, Europe, and Australia.

- Established commercial concept which will be distributed through distributors and marketed by the business itself.

- Technical prototype will be used for testing.

- Patents in the USA, Europe, and Australia are still pending.

- The founder is a doctor with immense experience in the medical sector.

- The commercialization team will be formally inducted soon.

Products & Services Overview

We are developing a device which is an all-in-one digital medical device that enables general practitioners to examine patients’ ears, eyes and skin more conveniently than with current instruments, while supporting recording of digital images, and performing billable procedures such as ear wax removal and foreign body removal from the eye that usually require a referral to a specialist or hospital.

Assets Overview

The business currently does not own any physical assets. The intangible assets are the patents pending for the product.

Facilities Overview

Currently every team member works form home and an office space is not required. The need of an office space will be reviewed individually once we enter the markets.

Recent Activity
  • 2 days, 3 hours ago
    Principal Consultant ( Business Broker), Singapore, Financial Consultant connected with the Business
  • 2 weeks, 1 day ago
    Principal Consultant, Pune, M&A Advisor connected with the Business
  • Earlier than 15 days
    M&A Advisor, Visakhapatnam, Financial Consultant connected with the Business
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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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