Updates from GE

Matrix Reimagined: Brand New GE Startup Is Developing Novel Ways To Draw Blood
Ny Tomas Kellner – Drawbridge, a new business founded by GE Ventures, is building an easy-to-use blood collection device that could be used anywhere — at a clinic in San Francisco, in a remote village in Borneo or potentially even at home. Users will be able to apply the device to the upper arm and activate it. It will then store and stabilize the sample in a special cartridge.

Drawbridge, a new business founded by GE Ventures, is building an easy-to-use blood collection device that could be used anywhere — at a clinic in San Francisco, in a remote village in Borneo or potentially even at home. Users will be able to apply the device to the upper arm and activate it. It will then store and stabilize the sample in a special cartridge.

The playing field is huge. The global blood collection market stands at $7 billion, and health professionals in the U.S. alone draw more than 1 billion blood samples every year. Handling blood is also an important factor in treating patients — blood test results reportedly influence 70 percent of clinical decisions.

The blood stabilization technology inside the device, a high-tech paper-like material known as “the matrix,” was originally developed by scientists at GE Global Research, leveraging knowledge and expertise from the GE Healthcare team.

The collection device will draw a small amount of blood and channel it onto the matrix, which stores the sample for later extraction and testing. The matrix also stabilizes the collected blood sample and eliminates the need to refrigerate it, which will simplify transporting it to the lab.

When GE Ventures learned about the technology, Stack and her colleagues thought they could build a business around it, as they did with other companies they’ve launched. more>

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