Medical and health tech startups find opportunity in pandemic

BEGIN ARTICLE PREVIEW:

Medical tech startup Lazarus 3D usually sells organs. Not the human kind, but fake squishy hearts, life-sized arms and coral-pink esophaguses eerily similar to the real things.

When there isn’t a pandemic, its warehouse on Houston’s South Side, a short drive to the Texas Medical Center, fills up with 3D-printed orders for surgeons who use the soft-tissue replicas to practice procedures. But when March rolled around and coronavirus infections jumped, those surgeons became much less concerned about getting the practice devices.

What they really wanted, really needed, was personal protective equipment such as masks and face shields. The company pitched a business shift to PPE to investors, who responded in two days with $700,000 in loans to jumpstart production.

“We’ve been laser-focused because so many doctors are desperate,” said Jacques Zaneveld, who founded Lazarus with his wife, Smriti.

Across the globe, medical and health tech startups like Lazarus are pivoting to face masks and other COVID-19– related products such as testing kits as the new coronavirus puts a spotlight on health care innovation. Unlike startups in other sectors, those startups are not strapped for cash and investors and clients haven’t shied away yet.

Digital health startups

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE