Tangent Medical Tech expands to 6 people in Ann Arbor

Wednesday, November 11, 2009 | Source: Concentrate

Tangent Medical Technologies is traveling along an increasingly popular road for University of Michigan innovators-turned-entrepreneurs.

A small group of students, that were part of a fellowship at the Medical Innovation Center at the university, have come up with a new breakthrough in biotech. They sorted through 130 ideas, parred them down and landed on a new needle application for IVs.

"It turns out that half of the time IVs fall out and need to be reinserted, which means more sticking and more pain," says Elyse Kemmerer, co-founder and director of market development for Tangent Medical Technologies. "Our systems stays in place longer."

The group has now grown the fledgling company by six people since May, including adding a CEO and lead investor. They are still building the prototype and expect to have FDA approval within a year. They are also looking to line up some venture capital funding.

If successful, the downtown Ann Arbor-based firm, which is working out of Ann Arbor SPARK's Central Business Incubator, hopes to finish developing the new technology in Washtenaw County and create the jobs to do that here. Just another step in a journey that's becoming more and more familiar with U-M spin-offs in Ann Arbor.

Source: Elyse Kemmerer, co-founder and director of market development for Tangent Medical Technologies
Writer: Jon Zemke