Peter Greco and his cofounders, Rush Bartlett and Arthur Chlebowski, have just moved their startup company,
, to Columbus from Indiana.
LyoGo, which was one of the winners of last year’s 10xelerator program
at the Fisher College of Business at the Ohio State University, has created a drug delivery system that makes it possible for patients to give themselves their own injectable medications. This technology cuts out trips to a physician’s office and thereby shrinks healthcare costs..
LyoGo's technology accommodates drugs that remain unstable in solution form and must either be refrigerated or lyophilized (freeze-dried) to be stored. The existing process for such drugs leaves room for error in the mixing and injection process. LyoGo streamlines and simplifies the process, leading to greater ease and safety in the self-medication process. The company name LyoGo was derived from a shortened version of the phrase, “Lyophilized products to Go."
Greco says that a major draw of Columbus is the Battelle Memorial Institute
, the world’s largest, independent R&D organization. “Battelle will provide services to refine the LyoGo device,” which was made possible through a million-dollar investment from an investor who was present at the 2011 10X accelerator program, at which LyoGo was one of the ten funded teams.
Greco and his team are excited about the possibility of eventually seeing their device on the market. Greco says “LyoGo is gathering test data which the pharmaceutical companies can use to assess the compatibility of our device with their drugs. We expect to be working soon with a pharmaceutical company to pair their drug with our device so that it may improve patients’ lives.”
Source: Peter Greco
Writer: Catherine Podojil