September 25, 2017 8:39 AM ET

Healthcare Equipment and Supplies

Company Overview of Seventh Sense Biosystems, Inc.

Company Overview

Seventh Sense Biosystems, Inc. develops blood collection devices for use in research and clinical testing applications. It enables users to draw blood through a painless one-step process. The company was founded in 2008 and is based in Medford, Massachusetts.

200 Boston Avenue

Suite 3700

Medford, MA 02155

United States

Founded in 2008

Phone:

617-547-7246

Fax:

617-547-0770

Key Executives for Seventh Sense Biosystems, Inc.

Chief Executive Officer, President and Director
Co-Founder, Scientific Advisor and Director
Age: 66
Co-Founder, Scientific Advisor and Director
Age: 68
Co-Founder and Scientific Advisor
Co-Founder and Scientific Advisor
Compensation as of Fiscal Year 2017.

Seventh Sense Biosystems, Inc. Key Developments

Seventh Sense Biosystems Incorporated's TAP Receives United States Food and Drug Administration 510(K) Approval

Seventh Sense Biosystems Incorporated has announced that TAP has received United States Food and Drug Administration (FDA) 510(k) approval. The technology is claimed to represent a landmark innovation in the blood collection industry, where one billion blood draws are performed each year for diagnostic testing. Blood can be drawn with TAP by placing it on the upper arm and collection starts with a press of a button. The process takes two to three minutes. The current clearance allows healthcare workers to use TAP to collect capillary blood for haemoglobin A1c (HbA1c) testing, which is routinely used to monitor blood sugar levels in diabetic or pre-diabetic patients. 7SBio is working with the FDA to expand the use of TAP to add additional tests, as well as 'at home' collection.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 6, 2017
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Private Placement
November 7, 2016
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