“Doctor’s idea could become a $1 billion business”
A Greenville company has developed a farm management software system that one customer predicts will become a staple for business-minded growers.
What started as a Greenville doctor’s idea could soon become a $1 billion business, according to an experienced investor involved with the venture.
CreatiVasc Medical was founded a decade ago to commercialize innovations by Greenville vascular surgeon David Cull.
The five-employee company says its hemoaccess valve system, which allows blood flow in a dialysis graft to be selectively turned on and off, will improve the lives of patients and reduce the need for certain repetitive surgeries, potentially saving billions of dollars in Medicare costs.
Last year, Atlanta investor and medical device entrepreneur John Feltman invested $5 million into CreatiVasc through a holding company called Brookhaven Medical.
Now Brookhaven Medical is scheduled to acquire all of CreatiVasc in a stock deal set to close by Thanksgiving, Feltman said. Read the full article by Dolph Bell in The Greenville News here.
Kiyatec receives $2M federal contract
Kiyatec Inc., which operates alongside Greenville Health System’s Institute for Translational Oncology Research on Faris Road, secured a $1.975 million contract with the National Cancer Institute to study cancer therapies.
Kiyatec is a clinical diagnostics company that developed a method to predict the responses cancer patients will have to various treatments. Through its National Cancer Institute contract, the company will further its research into cancer’s interaction with the patients’ immune systems and blood supplies. Additionally, Kiyatec will expand its focus beyond ovarian and breast cancers and apply its technology to glioblastoma multiform, a type of brain cancer. Read the press release here.
“Aunt Fannie’s FlyPunch wraps up busy summer”
The fruit-fly-killing startup, Aunt Fannie’s, made some important gains in recent months.
Based in Greenville, Aunt Fannie’s had set its sights on getting its nontoxic fruit fly pesticide FlyPunch on Whole Foods shelves since the company ran an unsuccessful crowdfunding campaign early last year. As of this summer, however, the product is available in Whole Foods stores throughout the Southern region. That includes the Carolinas, Georgia, Alabama, Mississippi and Tennessee. Read the article by Jennifer Oladipo in the Upstate Business Journal here.
“Greenville Tech Foundation means business with Entrepreneurs Forum”
The Greenville Tech Foundation honored three entrepreneurs – and gave a nod to students – for their accomplishments in business and contributions to the prosperity of the Upstate at the Entrepreneurs Forum Gala last week at the TD Convention Center.
Michael Bolick of Selah Genomics, Mark Johnston of Community Journals, and Jon McClure, founder of ISO Poly Films, joined a network of business-world advisors who support Greenville Tech’s efforts. Since its inception in 1998, the event has recognized 89 business leaders. Read the full article here
Read the article by Jennifer Oladipo in the Upstate Business Journal here.
One thing Brian Morin has gotten good at over the years is starting over. After leaving textile and chemical multinational Milliken & Co. in 2004, he founded his own venture. When he was pushed out of that in 2010, he started up a nonwoven-fiber development company that works with large battery manufacturers. For full article click here
Read the article in GSA Business by Ashley Boncimino here.
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