Company Profile

Otomagnetics LLC
Profile last edited on: 10/10/22      CAGE: 6VRJ6      UEI: FB3GPMNB9NE7

Business Identifier: Magnetically Assisted Drug Delivery and Drug Delivery Without Surgery
Year Founded
2012
First Award
2016
Latest Award
2018
Program Status
Inactive
Popularity Index
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Location Information

12156-B Parklawn Drive
Rockville, MD 20852
   (301) 455-6502
   N/A
   www.otomagnetics.com
Location: Single
Congr. District: 08
County: Montgomery

Public Profile

Otomagnetics - a spin-out from Universityof Maryland - has been developing a non-invasive ‘magnetic injection’ technology can deliver medication to targets in the body that are unreachable or currently require surgery to reach. The product is a magnet device + drug-loaded nanoparticles. The firm's first application is the development a non-invasive method to effectively deliver drugs and other therapeutic payloads to the inner and middle ear and to the eye. The inner ear is behind the blood-labyrinth barrier – vessels that supply blood to the inner ear have walls that are impermeable to most drug molecules, and thus it is a challenge to deliver therapy to treat inner ear diseases. In animal models, Otomagnetics’ proprietary magnetic injection system has demonstrated drug delivery to the inner ear. The firm's sue so far has also shown improved dosing and therapeutic effect in preclinical models of tinnitus and noise-induced hearing loss, and prevented hearing loss due to chemotherapy regimens. In animal models, Otomagnetics’ technology has further shown drug delivery to the middle ear, without the need to puncture the ear drum. Magnetic delivery to the middle ear is being considered as a potential non-invasive treatment option for otitis media (middle ear infe

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
5-9
Revenue Range
.5M-1M
VC funded?
Yes
Public/Private
Privately Held
Stock Info
----
IP Holdings
N/A

Awards Distribution by Agency

Most Recent SBIR Projects

Key People / Management

  Benjamin Shapiro -- President and Co-Founder

  Krishna Vaishnavi Benhal -- Research Assistant

  David Beylin -- Co-Founder

  Didier Depireux -- Co-Founder

  Jared Lynch -- Senior Chemist: Director of Product Manufacture & Scale Up

  Mika Shimoji

  Mohammed Ibrahim Shukoor -- Head Scientist

  Abhita Vohra -- Chief Business Officer

Company News

There are no news available.