Adelaide-based company TekCyte is now seeking investors to fund the expansion of their revolutionary medtech BIOINVISIBLE – a drug-free medical device coating that could curb global rates of infection from implanted devices and potentially save thousands of lives each year.
Developed for commercialisation out of the Cell Therapy Manufacturing Cooperative Research Centre, based at the University of South Australia, and spearheaded by TekCyte CEO Dr Tony Simula, BIOINVISIBLE is a hydrophilic hyperbranched polyglycerol polymer that acts as a physical barrier on devices such as catheters, orthopaedic implants and stents.
During extensive laboratory testing the remarkable tech demonstrated extreme reduction in biofilm – which means it could drastically reduce infection rates associated with implanted devices. This is in addition to its demonstrated ability to reduce clots, which may reduce blood clots from certain devices like stents and heart valves.
It’s why Dr Simula is now beelining for the world’s major medtech players, who are based out of the States and Europe, with interest already mounting from companies who produce devices such as catheters.
Dr Simula will travel to Dusseldorf’s Medica Exhibition this November – which is one of the largest medical B2B trade fairs in the world. More than 4500 exhibitors from 66 countries will be on display and an estimated 81,000 visitors from across the globe are expected to attend.
Dr Simula has already been working tirelessly with his talented team of eight for years, and commercialisation efforts accelerated once the world opened back up following lengthy COVID-19 lockdowns.
Last year Dr Simula, who founded TekCyte in 2018, after a rich career that spanned publicly listed and private sector biotech/medtech companies, also travelled to New York, Dubai and London for medical conferences where he was able to develop vital networks to pave the way for BIOINVISIBLE’S growth.
He was also asked to present at a Dragon’s Den Innovation Showcase – a program where entrepreneurs pitch their business ideas to a panel of key industry opinion leaders and investors as part of the Charing Cross Vascular Symposium in London.
As to why he thinks the time is now ripe for investors, Dr Simula believes interest is mounting for medtech following a world-wide slump during the pandemic – and with BIOINVISIBLE already showing a range of potential benefits that could extend beyond the medical world, he sees a bright future for this homegrown and life-saving invention.
Dr Simula said what ultimately makes TekCyte such a special company is the clever team behind him and their unique understanding of the interplay between surfaces and tissue and their ability to change those dynamics for customers.
TekCyte is now welcoming expressions of interest from all investors via their commercialisation partner – the Industry Commercialisation Agency at www.industrycommercialisation.com/tekcyte.