Deep Blue Medical Advances

Key People

• Bill Perry - CEO
• Dr. Howard Levinson - Founder and Chief Medical Officer

Assessment

Team

Aspect: First-time physician innovator
Summary: The leadership team includes a physician innovator with significant medical expertise.

While the presence of a physician innovator brings valuable medical insight, the absence of experienced MedTech entrepreneurs may pose challenges in navigating the medical device market effectively.

Clinical Need

Aspect: Very Strong
Summary: High recurrence rates in hernia repairs indicate a significant need for improved solutions.

The T-Line Hernia Mesh aims to reduce hernia recurrence rates, addressing a pressing clinical need and potentially improving patient outcomes significantly.

Competition

Aspect: Very crowded + Strategics
Summary: The hernia repair device market is highly competitive with numerous established players.

Deep Blue Medical Advances faces competition from well-established companies with extensive resources and market presence, making market penetration challenging.

Technical Challenge

Aspect: Moderate
Summary: Developing a hernia mesh with superior anchor strength presents moderate technical challenges.

Creating a mesh that offers enhanced anchor strength without compromising biocompatibility involves overcoming material and design challenges.

Patent

Aspect: Applied
Summary: The company has applied for patents for its T-Line Hernia Mesh.

If granted, these patents could provide a competitive edge by protecting the unique aspects of their product.

Financing

Aspect: SBIR/SEED
Summary: Initial funding includes awards such as the Luis Villalobos Award.

Recognition and funding from reputable organizations provide financial support and validation of the company's innovation.

Regulatory

Aspect: 510k/PMA
Summary: The T-Line Hernia Mesh has received FDA 510(k) clearance.

FDA clearance allows the company to market its product in the U.S., a significant milestone in the regulatory process.

Opportunity Rollup

Odds of Success

4

Peak Market Share

6.1

Segment CAGR

4.4%

Market Segment

Hernia Repair Devices

Market Sub Segment

Hernia Mesh

Key Takeaway

Deep Blue Medical Advances addresses a significant clinical need with its innovative T-Line Hernia Mesh, but faces challenges in a competitive market dominated by established players.