

A Tennessee-based company has won a Louisiana-based Startup Prize that may someday save lives around the world.
Shreveport’s
Louisiana Startup Prize recently awarded $25,000 to Sinead Miller and
Alex Weisler, co-founders of PathEx, an extracorporeal bloodcleansing
device designed to selectively remove bacteria, including
multi-drugresistant strains and endotoxin from circulating blood.
“This
will be a treatment for infection where today the only treatment is
still antibiotics,” Miller said. “What we would offer is early or even
in some cases a later-stage treatment with a device that you would hook
up to the patient very similar to how a hemo-dialysis machine would be
hooked up, and we use our device to continually filter the blood and
remove all the bacteria that are causing the infection and sepsis.”
It will work regardless of pathogen type or drug resistance, she said.
At this point, however, PathEx, as a Class 3 medical device, must run the obstacle course of the Federal Drug Administration.
“We
hope that within four to five years down the road, people will be able
to use our technology in the hospital,” Miller said. “We are moving
toward clinical trials.”
And
while the money won in the LA Startup Prize was important to Miller and
Weisler, that was not the most important aspect of the entrepreneurial
event that connects competitors with mentors and experts.
“The
money is really important to help us with operations and all those
things, but the most important thing was meeting all the people in
Shreveport involved with the program because we need help,” Miller said.
“We need mentorship, we need guidance, we are going to need additional
funding down the road, so making those connections, networking and just
getting the feedback was really just one of the biggest helps for us –
it was just so important for us.”
Miller said they will continue to nurture those connections and keep them strong.
“Hopefully,
all the people we met in Shreveport will be able to stay involved in
our project and our technology, and we will be able to use their
guidance and mentorship going forward,” she said.
And, even though PathEx is a medical device, not all of the educational sessions and advice came from the medical field.
“There were also investors in the Shreveport area that are interested in early-stage startups like ours,” she said.
“They were really
helpful for us, as well as others who are in early business
development, biotechnology areas. They were able to help us a lot as
well.”
Miller
said she and her partner look forward to working out of the Shreveport
area in the future, having found the people here to be some of the
friendliest.
“We
have been through a lot of programs, and over the summer we were at one
in Memphis. In fact, Sabrina (Adsit, with Louisiana Startup Prize) came
up to Business Accelerator Course in Memphis and talked to us and told
us about LA Startup Prize, and we were sold on it at that point,” Miller
said. “We wanted to come down and experience it for ourselves.
“We
appreciate everything LA Startup Prize has done for us,” she continued.
“We are really honored to have been invited to participate and to have
won the award. We are so thankful that all the people involved with the
program continue to lend a helping hand.”
It is fairly early in PathEx’s process to determine a definitive production value, Miller said.
“To
get our device from now to market will cost multiple millions of
dollars, and we are definitely going to need a strategic partner to help
us get our device to the market down the road,” she said. “It’s like
anything, whether it’s a drug or a medical device, all these years of
development add up, and there are a lot of associated costs, so we will
need significant capital down the road, but we foresee that as not being
the biggest problem for us. As long as we continue to make progress, we
will be able to raise the money we need and get a partner and get
through the FDA.”
However,
in the long run, using a device like PathEx may prove less expensive
than staying several days in the hospital on antibiotics.
According
to Miller’s information, the average length of stay (LOS) of a septic
patient in the ICU is 8.8 days, with an average cost per day of $2,272.
Implementing PathEx486 in the ICU would potentially reduce the average
LOS to 2.1 days, while also improving patient survival and result in
savings of $2.9M annually for each acute care hospital.