healthcare Archives - StartupsSanAntonio.com

San Antonio Biotech Startup Intrinsic Imaging Acquired for $80M

5Jul

By Iris GonzalezNo Comments

San Antonio Biotech Startup Intrinsic Imaging Acquired for $80M

If you look at startup exits, you don't usually see biotechnology startups represented since they typically generate their biggest profits long after an IPO or acquisition. One San Antonio biotech acquisition has broken that mold, with an amount that netted its limited partners an exceptional return, even by angel investing standards.Intrinsic Imaging, a biotech startup that provides imaging support mainly to clinical trial vendors, has been acquired by WCG Clinical, Inc. for $80 million. According to the S-1 form filed with the SEC on July 1, WCG Clinical purchased Intrinsic Imaging's artificial intelligence (AI) radiology imaging support services to add the innovative capability to their "proprietary suite of technology-enabled solutions."WCG Clinical is a clinical research trial...

How BioMed SA President Ann Stevens Helped Bring FIRST Robotics to San Antonio

19Dec

By Iris GonzalezNo Comments

Articles, Featured

How BioMed SA President Ann Stevens Helped Bring FIRST Robotics to San Antonio

Attendees at the annual BioMed SA breakfast Wednesday heard a career retrospective that honored outgoing president, Ann Stevens, who announced her decision to retire November 20.Launched in 2005, BioMed SA is a nonprofit advocacy organization former Mayor Henry Cisneros helped create to highlight San Antonio's strengths in the biomedical and healthcare sectors. Stevens, an experienced leader in the biopharmaceutical industry, worked to promote San Antonio’s industry assets across the U.S. and globally.She also sought to create connections and relationships among research organizations and educational institutions throughout the city, Walt Downing, executive vice president and chief operating officer at Southwest Research Institute told the audience. During the last decade, the...

Texas BioMed Researcher Develops Improved TB Test for Use in Developing Countries

30May

By Iris GonzalezNo Comments

Articles, Featured

Texas BioMed Researcher Develops Improved TB Test for Use in Developing Countries

The world's deadliest infectious disease is more common than you think. Tuberculosis, or TB, kills 1.6 million people every year and is one of the top 10 causes of death globally. Over 95 percent of cases and deaths are in developing countries, according to the World Health Organization (WHO).Texas Biomedical Research Institute (Texas BioMed) researcher Jordi Torrelles, Ph.D. knows these numbers well — he specializes in tuberculosis research. He developed a TB test that has been adapted for the challenging conditions typically encountered when diagnosing TB in developing countries.Torrelles traveled to Mozambique, Swaziland and South Africa in early 2019 to put into place research collaborations for testing a cheaper, faster, easier way to diagnose TB. The low-tech, low-cost test w...

Intrinsic Imaging Radiologist Develops Artificial Intelligence Tool to Streamline Workloads

30Jan

By Iris GonzalezNo Comments

Articles, Featured

Intrinsic Imaging Radiologist Develops Artificial Intelligence Tool to Streamline Workloads

Artificial intelligence (AI) was front and center at this year’s Consumer Electronics Show because of its capacity to influence every aspect of our lives. Now, AI’s reach is touching upon healthcare.Lance Reinsmith, M.D., is a radiologist with the South Texas Radiology Group and Intrinsic Imaging who is applying the power of AI to help those like him triage an overloaded system.Images obtained by MRI machines, CT scanners, and x-rays give clinicians the ability to look for signs of disease or injury in a patient. These digital images have so much data they take considerable time to review. That makes spotting the ones that require immediate attention from the more routine “normal” scans challenging for the radiologist with an ever-growing workload.“Most of us are operating at o...

The Health Cell State of the Industry Highlights Bioscience and Healthcare Innovation

18Jan

By Iris GonzalezNo Comments

Articles, Featured

The Health Cell State of the Industry Highlights Bioscience and Healthcare Innovation

If you want to know about the cutting edge of bioscience and healthcare in San Antonio, mark your calendar for the evening of January 30.That night the annual State of the Industry will feature speakers sharing five compelling San Antonio healthcare and bioscience stories. The Health Cell is the San Antonio-based nonprofit organization focused on professional development and collaboration within San Antonio's healthcare and bioscience fields. It hosts the annual event to shine a light on the breadth and depth of innovation pursued by some of the city's game-changing researchers, entrepreneurs, and organizations.“This is a great representation of the advancements being made across San Antonio’s healthcare and bioscience sectors,” said Pratap Khanwilkar, The Health Cell president and...

BioMed SA Unveils Strategic Plan for Bioscience and Healthcare Sectors

18Dec

By Iris GonzalezNo Comments

Articles, Featured

BioMed SA Unveils Strategic Plan for Bioscience and Healthcare Sectors

BioMed SA unveiled its detailed action plan to identify, develop and recommend specific opportunities for growing San Antonio’s biomedical sector. Highlights from the industry action plan were presented to healthcare and bioscience local stakeholders at the organization’s annual membership meeting Tuesday morning.BioMed SA is a nonprofit organization established in 2005 to raise the visibility of San Antonio's biomedical and healthcare sectors. During the last decade, the organization's mission has evolved to include economic development, BioMed SA president Ann Stevens said. The industry action plan is part of the City of San Antonio’s overall strategic plan for economic development called Forefront SA.Working in concert with consulting firm Frost & Sullivan, BioMed SA’s ...

San Antonio’s Healthcare and Bioscience Industry Tops $40 Billion in Economic Impact for 2017

13Nov

By Iris GonzalezNo Comments

Articles, Featured

San Antonio’s Healthcare and Bioscience Industry Tops $40 Billion in Economic Impact for 2017

The San Antonio Chamber of Commerce 2018 Healthcare and Bioscience Economic Impact Study is based on 2017 data, according to the study authors economist Richard Butler, Ph.D., and health care administration professor Mary E. Stefl, Ph.D., both from Trinity University. The study completed in 2018 stated its conservative estimate of over $30 billion in impact on San Antonio's economy in 2017. The authors included a more comprehensive analysis of economic impact with data from UT Health San Antonio, Baylor College of Medicine at the Children's Hospital of San Antonio, and some military medical presence in San Antonio. The overall impact rises to more than $40 billion when the comprehensive data is taken into account.This sector employs over 18 percent of San Antonio's population, with...