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SBIR and STTR Success Story for PortaScience, Inc. (Information Posted/Updated on 06/02/2006) |
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PortaScience, Inc. 1, Whittendale Drive, Suite E Moorestown, NJ 08057 Contact: Ayoma Finlay Phone: 856-231-9922 Fax: 856-231-9822 E-mail: afinlay@portacheck.com Web Site: http://www.portascience.com |
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Project Title: A Simple Point-of-Care White Blood Cell Count Test |
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| Related Award(s): R44 CA092976-03 | |
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Technology Developed:
A disposable test strip and hand-held reader combination that can measure white blood cell count in biological fluids quantitatively and with high accuracy.
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| Key Words: white blood cell, chemotherapy, mastitis, diagnostic, point-of-care, portable. | |
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Uses of Technology/Products/Service:
This portable and simple-to-use test system has many uses. It allows first time cancer patients to monitor their white blood cell counts at home, dairy farmers to screen their cows for mastitis, and veterinarians to check companion animals for infection.
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Benefit to Company:
This unique point-of-care technology platform has found many applications besides its original application for cancer patients undergoing chemotherapy. The firm has commercialized the product in the dairy market and entered into a licensing agreement for the companion animals market. Within the past 3 years, PortaScience has been transformed from an R&D boutique into a product company, with an expected growth rate of over 50% in the next 5 years.
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How Product Was Commercialized:
A new division, PortaCheck, was formed to manufacture and market the product to the dairy industry. With only one competitor who sells a product for 10 times the price, PortaCheck was able to make significant inroads into a $20 million dollar market in a short period of time. The licensing agreement for the companion animals application, with an expected launch date in 4th quarter 2006, adds an additional potential market of $15M per year.
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Other Comments Related to Company's Success Story:
As a direct result of its efforts in the dairy industry, PortaScience was recently named "New Jersey Member Company of the Year" by the World Trade Center of Greater Philadelphia, a non-profit organization that provides international trade support to regional businesses. Since its introduction in October 2004, the company's PortaSCC Milk Test has been well received worldwide, and is now marketed in over 20 countries.
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| Estimated Future Annual R&D and/or Sales from this Project: $3.5 M | |
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