May 30, 2008

HeartSounds, Inc. wins CBC Business Plan Competition

The CBC sponsored and hosted a business plan competition on May 30, 2008. Participants included graduate student teams from the Business Schools at the three member institutions (Northwestern, University of Chicago and UIC). Biomedical business endeavors participate in the life science industries and work toward solutions in areas such as pharmaceuticals, medical devices, biotechnology, and healthcare. Teams competed for a grand prize of $10,000 and HeartSounds, Inc was selected as the grand prize winner.

HeartSounds™, Inc. is a start-up medical device company specializing in computer-aided auscultation, an emerging field in medical diagnostics. Founded at the University of Illinois at Chicago (UIC) in 2007, HeartSounds offers a patented technology platform utilizing signal extraction technologies to provide non-invasive devices for advanced cardiac monitoring and diagnostics.

The company will initially develop the FetalPATCH™, a superior wireless electronic fetal heart rate monitor for use in labor & delivery as well as prenatal care. The FetalPATCH™ will provide a more comfortable patient monitoring environment and reduce the hospital expenditures associated with labor. HeartSounds is also developing additional products including, a device to non-invasively evaluate Pulmonary Arterial Pressure as well as a user-independent automated murmur screening tool.

Contact information
Amir Bastawrous, MD, CSO
Michael D. McCoy, COO
Matthew W. Norris, CEO
Roland Priemer, PhD, CTO