Loop Medical lands $3.2M grant for blood collection device
Summary
Loop Medical said today that it has received a $3.2 million grant from the Bill & Melinda Gates Foundation to support pre-production and clinical trials required for the global registration of its blood collection device. Based at the Swiss Institute of Technology (EPFL) in Lausanne, Switzerland, Loop Medical designed the device to be painless, easy-to-use and able to collect samples that are large enough for common high-throughput blood analyzers. Loop has been working with clinical pathology and histocytopathology company Cerba HealthCare since 2017 to design a device that can be fully integrated into existing centralized laboratories’ infrastructures and processes. The technology addresses the need to empower patients, communities and healthcare professionals through a safe and effortless solution in a highly commoditized blood collection market under significant price pressure, according to Loop. It shows trust in our project and is a recognition that our early development activities are well managed,” said Loop Medical founder & CEO Arthur Queval in a prepared statement.