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SharpMed isn't accepting new investments

SharpMed’s deadline was November 16, 2024

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Logo of SharpMed

SharpMed

Delivering the advanced, cost-effective medical devices hospitals need
B2C Healthtech Pharmaceuticals & Medicine
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$209,020
Raised
251
Investors
Successfully funded and closed on November 16, 2024.
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Closed on November 16, 2024. Information may not be up-to-date. Campaign closed on November 16, 2024. Information displayed may not be up-to-date.
The ask Vision Problem Solution Competitive advantage Market Products Single page product summaries Clinically proven and physician approved Patents Grants and founder commitment Leadership
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by SharpMed LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Subscription Agreement SharpMed Form C..pdf
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Hear from some of the 251 people reserved or invested in SharpMed


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Highlights


  • Mission: To become the world's #1 medical device incubator.
  • Founder: Dr. Chris Salvino: 30-year expert in surgery and bioengineering.
  • Experience: 100 years developing FDA Class I and II medical devices.
  • Market: $164 billion medical device market.
  • Products: Bridging the gap between innovative tech and commercial viability
  • IP: 6 Issued & 16 pending patents.
  • Capital Goal & Deployment: This raise will initiate our full roster launch.

The ask


SharpMed is seeking $1.2 million in funding to finalize the commercialization of the Turbo® O₂. With FDA Class I clearance already obtained and a robust patent portfolio including 2 issued patents and 4 more pending for Turbo® O₂, SharpMed is strongly positioned to deliver our suite of transformative medical devices.

This strategy is carefully designed to generate an initial revenue stream, providing capital to propel our pipeline of current and future innovations. Our commitment to strategic growth demonstrates financial prudence while also mitigating investment risks, as each product creates value for the company.

Together, we can ignite the future of medical technology and create a healthier tomorrow.

Vision



Saving lives and enhancing care through a clear product roadmap


We understand that saving lives and enhancing patient care extends beyond just ideas—it requires a meticulously crafted product roadmap that transforms those ideas into real-world medical solutions. Using our unique combination of medical expertise, engineering prowess, and strategic business acumen—we aim to lead the industry as the premier incubator for groundbreaking healthcare technologies worldwide.


Problem



Even as a $164 billion market in the US, many life-saving medical devices never make it to market.


30 years ago, a university or independent inventor could sell revolutionary prototypes to device manufacturers. These manufacturers, with deep pockets and large R&D departments, would then bring them to market.

Today, medical device developers must bring their own products to market without major manufacturer backing. Most developers, however, prioritize pushing technical boundaries over solving real-world healthcare problems. This disregard for hospitals' needs and budgets results in many life-saving advances not reaching the market. As a result, doctors are stuck with outdated tools and patients suffer.

Solution


We create the devices doctors need, hospitals want, and patients deserve. Finally, a medical device developer that bridges the gap between innovative concepts and market introduction.
                                                                        

At SharpMed, we specialize in designing and launching medical devices tailored to doctors' needs and hospital requirements. We rigorously assess the feasibility of each idea, advancing only those with confirmed viability. This streamlined process takes ‘wickedly cool’ ideas and transforms them into fully market-ready medical devices that are both cutting-edge and practical.

Competitive advantage


We manage the entire development process under one roof


Our integrated approach sets us apart from the pack


Unlike most medical device companies, SharpMed handles every aspect of the development process in-house—from concept and design, to production and patents. This integrated approach allows us to bring revolutionary products to market quickly and efficiently.


Market



Our strategic approach positions us to benefit from the industry's projected 8.5% CAGR over the next 6 years.


A $164B market today—a $291B giant tomorrow. Our pathway is clear: we aim to grasp a commanding presence in the medical device industry by integrating innovation, clinical excellence, and financial acumen into a single, robust business model.


Products


Market-ready innovations 


Your investment paves the way for transformative impact across the healthcare landscape.


Our current products include five groundbreaking medical devices, each between 67-95% market-ready.

SharpMed is constantly developing earlier stage revolutionary ideas, which is the core of our company's mission. These aren't incremental gadgets but transformative tools designed to radically enhance medical care, drastically reduce complications, and save lives.

By investing in SharpMed, you're supporting both our current suite of innovations primed for strategic licensing and acquisition, as well as our pipeline of future game-changing inventions.


Turbo® O₂ Cap


A lifeline in critical moments that prevents dangerous drops in oxygen levels during intubation.

Healthcare Problem:

During emergency intubation, there is a constant risk of lethal hypoxia. Oxygen levels can rapidly drop below 70% in less than a minute. Without intervention, the next step is a high-risk tracheotomy, with a survival rate of less than 25%. Existing oxygen delivery methods like bag-mask ventilation and nasal cannula are difficult to perform correctly in emergencies and don’t provide sufficient oxygen flow.

SharpMed’s Solution:

Enter Turbo® O₂ Cap—what we believe to be the first and only device that can effectively eliminate hypoxia during emergency intubation procedures. Turbo® O₂ extends safe time to intubation out to 16 minutes, maintaining oxygen saturation above 97%. This extra time can mean the difference between life and death.

Market Readiness:

95% ready - poised for a 2024 commercial launch.

Video Summary:



Modern™ N95


The clear revolution in protective masks.

Healthcare Problem: 

N95 masks have been the go-to for airborne particle protection for decades. However, they come with challenges like skin erosions, obscured expressions, and discomfort that limit use. In settings where both protection and communication matter, traditional N95 masks fall short.

SharpMed’s Solution: 

Introducing the Modern™ N95 mask—a revolutionary blend of protection and transparent design that’s on the cusp of FDA approval. More than a traditional respirator, Modern™ N95 is a comfortable, adjustable, and reusable shield that improves visual cues for effective communication. Our filtration tests hint at a future where N99-level protection is possible, redefining safety.

Market Readiness: 

65% - anticipated to launch commercially in 2025 - 2027.


Bio Protect™


A dual-purpose shield in the fight against pathogens.

Healthcare Problem: 

Administering oxygen to patients exposes healthcare workers to infectious airborne particles. Traditional cup-shaped masks are ill-fitting and allow exhaled breath to escape, failing to protect staff from viruses, bacteria, and other pathogens. Improved oxygen mask technology is urgently needed to provide respiratory support and shield frontline healthcare professionals from exhaled pathogens.

SharpMed’s Solution: 

The dual-purpose Bio Protect™ oxygen mask revolutionizes respiratory care for patients and providers. Its patented design delivers up to 64% more oxygen than traditional masks and captures over 99% of exhaled particles to protect healthcare professionals. Designed for comfort and compliance, it provides a secure and adjustable fit with dual integrated ports for CO2 monitoring and oxygen delivery.

Market Readiness: 

85% - anticipated to launch commercially in 2024 - 2026.


Exact™


Precision in childbirth, safety for generations.

Healthcare Problem: 

Accurate cervical dilation measurement is crucial for safe childbirth. But the standard two-finger method of testing—used since ancient Greece—is as inaccurate as 19%. This practice influences decisions on hospital admission, medication, and the rising rate of C-sections. Should a baby's and woman's well-being rely on such guesswork?

SharpMed’s Solution: 

Exact™ brings unparalleled precision to cervical dilation measurement. It equips obstetricians and midwives with the tools to make evidence-based decisions, enhancing the safety and predictability of deliveries. This innovation is set to modernize labor progression standards, leaving outdated methods where they belong—in the past. Testing using early prototypes has been very encouraging; we anticipate research will demonstrate that the Exact™ is much more accurate than the old-fashioned two-finger approach.

Market Readiness: 

85% - anticipated to launch commercially in 2024 - 2026

Video Summary: 



TIMES™


The pinnacle of chest tube management.

Healthcare Problem: 

The technology for large chest tube insertions is from the 1860's; there must be a better way! The placement and maintenance of traditional chest tubes require a high level of precision, which can vary significantly among clinicians. This variability often leads to inconsistent patient outcomes and increased safety concerns.

SharpMed’s Solution: 

TIMES™ revolutionizes chest tube management with its state-of-the-art approach. Our groundbreaking platform simplifies procedures for healthcare providers while enhancing patient safety and elevating the standard of thoracic care. The TIMES™ System is a family of 4 products. It is the belief of SharpMed that the Reactor Generation 2 will also be an FDA Class 2 product via a 510(k) submission. SharpMed also is confident that the other three products in this family (closed chest tube, sutureless attachment system, and temporary drainage bag) will be considered FDA Class 1 products. Experience a new era in chest tube management with TIMES™.

Video Summary:


Single page product summaries


Click Here To Download PDF Summaries of Each Product

Clinically proven and physician approved


Endorsed by leading medical journals like the SAEM, Medical Corps, and more

To date, the medical research behind our products has been published in these highly-esteemed medical journals:


What frontline heroes are saying about SharpMed


Our real-world impact according to trailblazing doctors: The firsthand accounts of the healthcare professionals who use our products proves our impact on patient care. Each story is a testament to our commitment creating a future where SharpMed is synonymous with excellent care and enhanced patient experiences.

Patents


A glimpse at our 6 issued and 16 pending patents.

Our remarkable IP portfolio consists of 6 issued and 16 pending patents, showcasing our unwavering commitment to innovation and reinforcing our unique technologies. Our issued patents safeguard crucial innovations, encompassing the key features of all 5 of our products. Simultaneously, our pending patents serve as a protective shield for our technological domain, thwarting imitations by competitors. This ensures exclusive market rights and a formidable competitive advantage for years to come.

Grants and founder commitment


We’re unlocking new, non-dilutive capital avenues to redefine patient care.


Our dedication to revolutionizing patient care is exemplified by the personal commitment of our leadership. Prior to seeking external funding, our founder and Board of Directors invested $4.5 million into our venture.

Now SharpMed is actively seeking additional non-dilutive funding opportunities to strengthen our resources. We are currently applying for 5 National Institutes of Health NIH grants, with a target of securing up to $10 million to expedite our growth.

Leadership


Founded by a trauma and critical care surgeon with 30 years of experience, and a CFO who closed a $36.6 million bank deal


A leadership team as innovative as our solutions



Deal terms


Minimum investment

$100

The smallest investment amount the issuer is accepting in this offering.

Maximum investment

$150,000

The largest investment amount the issuer is accepting in this offering.

Funding goal

$1.2M

SharpMed must achieve its minimum goal of $50K before the deadline. The maximum amount the offering can raise is $1.2M.
Learn more

Deadline
SharpMed campaign will end on .
Type of security

Class B Common Stock shares

Common stock issued by SharpMed LLC
Learn more

Price per share

$2

The price of each share of Class B Common Stock.

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by SharpMed LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Subscription Agreement SharpMed Form C..pdf

About SharpMed

Legal Name
SharpMed LLC
Founded
Feb 2016
Form
Arizona LLC
Employees
0
Website
sharpmed.com
Social Media
Headquarters
Google Map location of of SharpMed
14362 North Frank Lloyd Wright Boulevard , Scottsdale, AZ
Headquarters
14362 North Frank Lloyd Wright Boulevard, Scottsdale, AZ, United States 85260

SharpMed Team
Everyone helping build SharpMed, not limited to employees

Profile picture of Chris Salvino
Chris Salvino
Founder
Profile picture of Ken Andresen
Ken Andresen
Chief Financial Officer
Chris Salvino
Founder
Ken Andresen
Chief Financial Officer

Press

SHARPMED WAS ISSUED IT'S 2ND MEDICAL DEVICE PATIENT DATE ...
SharpMed SharpMed
·
Nov 17, 2023

SharpMed, LLC is pleased to announce its 2nd issued United States patent (Issued on August 31, 2021). This 2nd patent rel...

SHARPMED WAS ISSUED IT'S 3RD AND 5TH MEDICAL DEVICE PATEN...
SharpMed SharpMed
·
Nov 16, 2023

SharpMed, LLC is excited to announce its 3rd and 5th issued United States patents ! These patents relate to our Modern™ t...

SHARPMED WAS ISSUED IT'S 3RD MEDICAL DEVICE PATIENT | Sha...
SharpMed
·
Nov 6, 2023

SharpMed, LLC is pleased to announce its 3rd issued United States patent. This 3rd patent relates to our device called Ex...

TURBO® O₂ CAP PRESENTED AT A MAJOR EMERGENCY MEDICINE MEE...
SharpMed
·
Nov 4, 2023

Date of Presentation: May 17, 2023Dr. Steve Mitchell, MD, FACEP from the University of Washington had a major podium pres...

HYPOXIA FROM DIFFICULT INTUBATIONS MARKEDLY IMPROVED WITH...
SharpMed SharpMed
·
Oct 28, 2023

Dangerous hypoxia with difficult intubations has been a major problem without a solution. Sharpmed, LLC has designed a pa...

SHARPMED WAS ISSUED IT'S 6TH MEDICAL DEVICE PATENT | Shar...
SharpMed SharpMed
·
Oct 26, 2023

SharpMed, LLC is pleased to announce its 6th issued United States patent. This 6th patent relates to our device called Tu...

SHARPMED'S PATENTED MODERN™ TRANSPARENT MASKPASSES SGS NI...
SharpMed SharpMed
·
May 18, 2023

SharpMed, LLC focuses on the end-to-end design and development of innovative medical device inventions that improve clini...

SharpMed™ LLC Announces IncuBETTER™ Lifecycle Process | S...
SharpMed
·
Feb 8, 2022

SharpMed™ understands that inventing a medical device can be, "an extremely laborious and challenging process and, to tha...

Show all
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SharpMed

SharpMed successfully raised $209,020 from 251 investors on November 16, 2024
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