Technical.ly Baltimore: CoapTech wins $1.2M grant for Baltimore clinical trial
Thursday, October 24, 2019
The Small Business Innovation Research grant will help the company validate its device that uses ultrasound for feeding tube placement with a trial at University of Maryland Medical Center.
A medical device startup that was founded at the University of Maryland, Baltimore received $1.2 million in federal grant funding to conduct a trial at the university’s medical center.
CoapTech, which invented a device that enables a feeding tube to be placed in the stomach using ultrasound, received a Small Business Innovation Research Phase II grant from the National Institute of Diabetes and Digestive and Kidney Diseases.
The funding will provide support as the Port Covington-based company enters a clinical trial at the University of Maryland Medical Center. Enrolling 40 patients, the trial will evaluate cost-effectiveness and safety of the procedure that the device enables, known as percutaneous ultrasound gastrostomy.
Read the full story from Technical.ly Baltimore.