Long Island Capital Alliance Holds Successful Health Care Capital Forum
Save the Date: Bio/Pharma Capital Forum With Cold Spring Harbor
Laboratory to Be Held on June 14
MELVILLE, NY -- (Marketwire) -- 03/18/13 -- The Long Island Capital
Alliance ("LICA"), the leading non-profit capital formation and
business development organization serving regional companies, today
announced the successful completion of its Health Care Capital Forum
held on March 8, 2013. The capital forum, held in collaboration with
The Center for Advanced Sensor Technologies at Stony Brook
University, showcased six companies selected by LICA from a wide
selection of developing medical technology, life sciences and health
care information technology companies on Long Island and the nearby
A panel of health care investors also participated in the event. The
panel provided insights on presenting companies' business plans and
investment potential, as well as a review of the current investment
climate for health care companies.
Neil Kaufman, chairman of LICA, stated that, "Despite a heavy snow
storm, we are pleased to have had strong participation with over 50
attendees at our Health Care Capital Forum. This demonstrates the
increasing role of LICA as a pivotal player in capital formation
leading to economic development in the region. We are very excited to
build on this momentum, as we plan our next event in partnership with
Cold Spring Harbor Laboratory, one of the nation's leading research
facilities for molecular biology and genetics, that focuses on the
bio/pharma sector of the health care industry."
"Even with the weather impact, we made a couple of good contacts. At
events like this it is not about the number of people who attend but
the quality and mutual fit of the participants. The event was very
well done," said David Crane, Chief Executive Officer of Mobile
Health One, a presenting company at the event.
"The Capital Forum was a terrific event and provided a really unique
opportunity for emerging companies to interact with investors and
advisors in an open forum," said Rusty Ray, a panelist at the event
and a New York-based health care investment banker at 11T Partners.
Health Care Capital Forum Industry Experts
The following industry investors participated in the panel discussion
at the Capital Forum:
-- Larry Chaityn, Managing Director and Head of Global Health Care
Banking at Kaminski Partners, a global investment bank.
-- Rusty Ray, partner with 11T Partners, a health care-focused investment
-- Paul Smolevitz, Managing Director and founding partner of TM Capital
Health Care Capital Forum Presenting Companies
The following companies presented their business plans at the Capital
Mobile Health One
Mobile Health One, Inc. develops mobile, on-demand
HIPAA-compliant systems that unify healthcare professionals within
and between organizations by simplifying communications to
accelerate, consolidate, and control information sharing.
AdhereTech has created patented smart pill bottles that
increase medication adherence. These bottles measure the exact number
of pills or liquid in the bottle in real-time, wirelessly send this
HIPAA-compliant data into the cloud, and remind patients to take
their medication via phone call or text.
First Wave Technologies
First Wave Technologies Inc. is a medical
device facilitation business, with two initial products, the First
Crush automated pill crusher in order to make them digestible due to
the high demand by the growing population of senior citizens; and a
respiratory device conversion and amplification technology that turns
a ventilator into the equivalent of a $150,000 anesthesia machine.
Raland Therapeutics, Inc. has developed
diagnostic and therapeutic devices that use implantable biosensors to
provide real time, in-vivo monitoring of biological signaling and
cellular responses while minimizing animal handling, labor
requirements, cell culture/pathologic processing and capital costs.
Venus Pharmaceuticals International
International, Inc., a well-established pharmaceuticals manufacturer,
has developed a proprietary photo-bioreactor technology to grow,
harvest, and dry/extract micro-algae indoors, contaminant free.
CytoSorbents Corporation is a critical care-focused
therapeutics company using blood purification filters to control
excessive, potentially deadly inflammation that could otherwise cause
the failure of vital organs.
About the Long Island Capital Alliance:
Since 1984, the Long Island Capital Alliance (www.licapital.org),
formerly known as Long Island Venture Group, has been promoting
business growth on Long Island. LICA seeks to create a productive and
business-friendly environment that will afford area businesses access
to the resources necessary to compete successfully in today's
markets. LICA serves as a focal point for the exchange of ideas among
new and existing business enterprises, successful entrepreneurs,
investors, and service providers. Through quarterly capital forums
and special meetings, LICA brings together members of the region's
business community, and has been recognized as the place to turn to
when small businesses need equity, debt, or other financing, or for
investors to find an attractive investment opportunity.
LICA's mission is to encourage economic development on Long Island by
facilitating capital formation for a broad range of companies in
various industries, from early stage to mature middle market closely
held and publicly-traded businesses. LICA accomplishes this primarily
through education, networking, quarterly capital forums, periodic
special educational meetings, and alliances with other regional
organizations. LICA brings together members of the region's business
community and serves as the finance arm for significant local
business and organizations.
For more information on LICA and its next event, please contact LICA
today or register online at
Darrow Associates, Inc.
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