Company Profile

Paradigm Surgical LLC
Profile last edited on: 1/22/18      CAGE: 78T74      UEI: KUDAYJK9M7K7

Business Identifier: NO Business Identifier is currently available for this company.
Year Founded
2014
First Award
2017
Latest Award
2021
Program Status
Active
Popularity Index
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Location Information

3401 Grays Ferry Avenue Building 212-113
Philadelphia, PA 19146
   (215) 662-6156
   N/A
   N/A
Location: Single
Congr. District: 03
County: Philadelphia

Public Profile

Paradigm Surgical is developing technologies to prevent incisional hernia from occurring in patients that undergo abdominal surgery: estimated 2 million patients undergo abdominal surgery in the US annually, with some 15% experiencing incisional hernia that necessitates surgical treatment. The device can repeatedly apply prophylactic mesh faster than current techniques, and has the potential to save billions of dollars in healthcare costs and improve patient quality-of-life. Patients suffering from hernia develop a substantial deterioration in quality-of-life , including disability, pain, and long-term dysfunction. Recurrence rates can approach 70% in high risk populations, and each subsequent reoperation is less successful and more costly further underscoring the inefficiencies of the current treatment paradigms. It is estimated that hernias generate a healthcare expenditure burden in excess of $7B per year. Prophylactic mesh augmentation (PMA) has proven to be an effective, safe technique to improve fascial closure and prevent IH. PMA is cost-effective, particularly when used in patients with risk factors such as obesity, smoking, colorectal surgery and re-operative surgery. However, PMA techniques have not be come widely adopted, in part due to the added operative time – approximately 45 -60 minutes per surgery. Technical challenges related to mesh placement and biomechanical variability also pose significant barriers. Paradigm Surgical is developing a simple, automated, mesh affixation device for PMA that can be applied quickly with improved and consistent biomechanical stability relative to current techniques. The device is a hand-held, disposable onlay mesh affixing system that obviates the need for time-consuming hand sewing of mesh, standardizes mesh delivery, and eliminates many of the technical intra-operative challenges of mesh placement. By addressing these barriers to surgeon use, the device will foster more widespread utilization of PMA for IH prevention, potentially improving patient outcomes and reducing healthcare expenditure.

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
1-4
Revenue Range
Less than .5M
VC funded?
No
Public/Private
Privately Held
Stock Info
----
IP Holdings
20-24

Awards Distribution by Agency

Key People / Management

  Marc-Alan Levine -- CEO

  John Fischer

  Rex Peters

Company News

There are no news available.