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Fairway began its
business model by acquiring a breakthrough
technology (optoaccoustic imaging) with pivotal
cancer and cardiovascular applications that
originated from the M.D. Anderson Cancer Center.
Fairway applied for and received approximately $7.4
million in Federal NIH grants to support the
commercialization process. In May 2006, after
establishing a standalone company (Seno Medical
www.senomedical.com)
and recruiting a dedicated management team, Fairway
executed a 10-year exclusive design and development
agreement with Seno. As of January 2009, Seno has
successfully raised $9 million and is engaged in
raising an additional $15 million. Fairway currently
owns approximately 20% of Seno. Successful Fairway
team experience has validated Fairway’s business
model and inspired it to reproduce the success.
Since 2006, the following companies have been added
to Fairway portfolio and are in different stages of
development.
In 2007, Fairway
signed an exclusive manufacturing agreement with
Monebo Technologies (www.monebo.com).
Subsequently, Cormedics (intrapericardial drug
delivery technologies
www.cormedicscorp.com)
was added to the portfolio.
In 2008, Fairway
added TraumaTec (brain cooling device
www.traumatec.com)
and Endothelix (vascular screening test
www.endothelix.com).
In 2009, through
an equity transfer merger with In3 Ventures,
ThermaRx (urinary hesitancy treatment
www.thermarx.com),
IC Therapeutics (ischemic conditioning therapy
www.ictherapeutics.com)
and CardioNexus (cardiovascular imaging -under
development) have been added to Fairway Portfolio
Companies.
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Cormedics
Corporation is a life sciences company focused on
developing novel technologies that selectively treat
the entire heart with drug, cell, gene, and device
therapies by introducing them into the pericardial
space.
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Endothelix, Inc. is a cardiovascular device company
based in Houston, Texas and is focused on
non-invasive vascular function measurement.
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The
mission of IC Therapeutics is to develop and market
medical devices that bring the remarkable
therapeutic benefits of ischemic conditioning to
clinical practice and health consumers. |
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MicroMedCo Corp. sells advanced technology products
developed by Edwards NanoScience, Inc. to medical
institutions to protect against virulent pathogens
such as the MRSA “Superbug”, Avian Virus, SARS,
Tuberculosis, and Mold-Allergen contamination.
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Monebo Technologies is dedicated to providing
patients, physicians and partner companies with
exceptional technology designed to increase the
quality and efficiency of cardiac care.
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Seno Medical, Inc. was formed to commercialize a new
modality in cancer screening and diagnosis: opto-acoustic
imaging. Unlike most screening techniques, which
rely on anatomical imaging, Seno's goal is to bring
functional imaging that can detect angiogenesis to
the marketplace.
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ThermaRx Inc. is a
medical device company based in Houston, Texas
focused on developing and marketing innovative
products that provide novel therapeutic applications
of heat to improve a variety of health conditions.
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TraumaTec's vision is to reduce post injury and
secondary brain injury through the use of
innovative, FDA-registered therapeutic cooling
technologies. |
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