The consortium led by ParaMedir awarded around €600,00.00 EFRO subsidy by SNN to develop solutions to improve outcome of acute heart failure patients.
Monday 25 September 2023
- Life Cooperative
ParaMedir, an innovative medical technology company based in the Northern Netherlands, is proud to announce the significant EFRO subsidy of about €600,000.00 awarded by SNN (Samenwerkingsverband Noord-Nederland). This subsidy will support a groundbreaking consortium led by ParaMedir in their mission to improve healthcare through innovative (bio)monitoring solutions. Next to the subsidy granted by the SNN, the province of Groningen and the municipality of Groningen have both agreed to finance this project as well, contributing about €130,000.00, underlining the importance of this project for the region.
The consortium, consisting of valued partners including the University Medical Centre Groningen (UMCG), Health Hub Roden, and GitGud Software Development, aims to address the urgent challenge of diagnosing and monitoring patients with acute heart failure. Acute heart failure affects 25 million patients globally, with rising incidence and high hospitalization rates. The readmission rate is alarming, and the mortality rate is significant. The standard treatment approach involves restoring the patient's fluid balance using diuretics to eliminate salt and fluid from the patient's body. Currently, treatment of acute heart failure relies on frequent urine collections analyzed through conventional methods.
Cardiodrop©, a groundbreaking innovation, will enable rapid and frequent bedside urine analysis. Building on ParaMedir’s proprietary technology, CardioDrop© will be optimized for use in acute heart failure patients. It facilitates personalized treatment in cardiac care units (CCUs) and intensive care units (ICUs) by monitoring biomarkers and electrolytes. Cardiodrop's implementation in CCUs and ICUs will significantly enhance the quality of life for acute heart failure patients and their caregivers. It will reduce mortality rates, readmissions, and healthcare costs. Additionally, it enables early detection and treatment of renal failure, revolutionizing care provision and improving well-being.
The EFRO subsidy awarded by SNN in the Northern Netherlands is a proof of the consortium's dedication to advancing medical technology and improving patient care. ParaMedir extends its gratitude to SNN and the consortium partners for their commitment and collaborative efforts.
About ParaMedir
ParaMedir is an innovative medical technology company based in the North of the Netherlands. By developing innovative (bio)monitoring solutions that seamlessly integrate into patient care, ParaMedir aims to revolutionize the healthcare industry. Through the fusion of two promising technologies - biosensing and microfluidics - Paramedir has developed a robust platform that enables real-time continuous monitoring of crucial biomarkers. The first product in development is UriMoni™, a diagnostic device developed for bedside monitoring and prediction of Acute Kidney Injury (AKI).
UriMoni™ and CardioDrop© comprises an array of micro(bio)sensors that monitor relevant biomarkers. These electrochemical micro(bio)sensors, assembled based on extensive ParaMedir intellectual property, provide selective and sensitive measurements of key urinary biomarkers. Proprietary algorithms convert the electrochemical output into biochemical and clinically relevant information, enabling doctors to assess kidney function for the diagnosis and monitoring of acute kidney injury (AKI) and acute heart failure (AHF).
ParaMedir envisions a future where the obtained information is seamlessly uploaded to the hospital management system (HIS), making it accessible to relevant clinical personnel at any given time. Additionally, the integration of AI solutions holds the potential for predicting kidney function and managing AKI and AHF more effectively. The higher temporal resolution of kidney function biomarkers allows for the detection of short-term changes, leading to improved management strategies. For more information about ParaMedir and its revolutionary products, please visit www.Paramedir.nl
Source article and picture: Paramedir
Focus areas
Life CooperativeLatest news
-
Monday 7 October 2024
NoordZ: ‘Collaboration as the Key to Success’
-
Wednesday 25 September 2024
LIFE Cooperative celebrates 10th anniversary during sold-o..
-
Thursday 19 September 2024
G2Solutions: Funding for Innovation in Single-Cell Genomics
-
Tuesday 27 August 2024
Three finalists in the running for the LIFE Science Innova..
-
Monday 19 August 2024
LIFE Cooperative Expands Impact with PharmaNL Grant for ..
-
Monday 15 July 2024
Register now for the Compact MBA Fall 2024!
-
Wednesday 19 June 2024
Marcel Levi Keynote Speaker at LIFE Science Conference on ..
-
Wednesday 22 May 2024
Anniversary in BiotechNEWS & Life Sciences: 10 Years ..
-
Wednesday 3 April 2024
Founder Talks Life Sciences looks back on a successful eve..
-
Tuesday 20 February 2024
700,000 euros subsidy from PharmaNL for the development of..