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The NIH grant funds will be used to further develop and refine Aspero Medical’s single balloon overtube product with integrated inflation capability, designed primarily for small bowel enteroscopy. “We are incredibly pleased to receive this phase one grant funding from the NIH and plan to utilize the funds to advance the development and introduction of a next generation single balloon overtube for GI endoscopy procedures,” said Dr. Rentschler, Aspero Medical CEO. “This novel balloon design will have a significant impact for both caregivers and patients.”
Balloon endoscopy has become the standard of care in the drive to diagnose and treat small bowel disease. Unlike the Aspero Medical balloon, which is characterized by the addition of a proprietary gripping micro-texture, current balloons are smooth and round, making them prone to slippage. Ineffective balloons are estimated to result in over $100 million in increased annual healthcare costs annually due to incomplete or lengthened procedures.
The single balloon overtube project will be led by principal investigator (PI) Mark Rentschler and supported through Prospect Life Sciences of Broomfield, CO. Rentschler is Chief Executive Officer for Aspero Medical and Professor of Mechanical Engineering at the University of Colorado Boulder. “It is immensely valuable to have the …
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