Paragonix Technologies, Inc., a Cambridge, MA-based a medical device company developing Organ Preservation and Transport Systems for optimum quality transplant organs, has received a $710k loan from the Massachusetts Life Sciences Center.
The Company’s technology was developed through licensing and collaboration with the South Texas Technology Management Office and The University of Texas Health Science Center at San Antonio.
Founded by Dr. Lisa Maier and Tom DeBrooke in 2010, Paragonix Technologies is currently commercializing single use and portable Organ Preservation and Transport Devices, which are called Sherpas. The company has begun with a Sherpa for kidney transport, but is planning to expand the product line for other organs. They are currently focused on completing product development and regulatory submission.
The Massachusetts Life Sciences Center’s Accelerator Program provides loans of up to $750k to early-stage companies engaged in life sciences research and development, commercialization and manufacturing.