IO Private will follow up to share insights on this venture.
Ajit Ravindran
CEO

IO Private will follow up to share insights on this venture.
Ajit Ravindran
CEO
$1.5M
45%
No
NA
Currently in Product Development Stage
Yes
Filed our Patent PCT in September 2019 and will be filing for patent by March 2021
Lenexa Medical is taking the pressure off our healthcare system. Pressure Injuries (Bedsores) are one of the top 5 most commonly occurring preventable conditions, costing the Australian Healthcare system over $2B. The Lenexa Medical smart sheet is a personalised, data-driven solution for pressure injury prevention. Lenexa Medical recently received the AC grant (https://www.business.gov.au/Grants-and-Programs/Accelerating-Commercialisation/Accelerating-Commercialisation-funding-offers ). We are developing a smart-fabric technology that has a wide range of applications but in the first instance a pressure injury management system (with patient monitoring functions to follow soon afterward). It benefits from a range of macro-trends that are accelerating in the current environment: 1. Increasing attention to home-care and telehealth capacity 2. Providing ‘flexible’ ICU / patient monitoring capacity so ICU and hospital beds can be expanded and contracted for ‘peak’ demands (COVID-19/winter flu season / natural disaster etc.) 3. Providing a low-cost and retro-fittable solution to patient monitoring compared to many existing high-cost solutions 4. Trend toward preventative measures to reduce healthcare cost rather than reactive treatments 5. Generation data to support earlier diagnosis and intervention of various disease states including cardiac and respiratory conditions 6. Traction with distributors in the US already for trials and also the product as soon as it' market-ready
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