PhotoThera, Inc. (extinct)

PhotoThera, Inc. (extinct)

PhotoThera, Inc. (extinct)

Overview
Date Founded

1997

Headquarters

6190 Corte Del Cedro,Carlsbad, CA 92011

Type of Company

Private

Industries

Medical Products & Equipment
Hospitals & Patient Services

Company Description

PhotoThera, Inc. (Carlsbad, CA) is a privately-held medical device company that was founded by Jackson Streeter, MD. The Company is developing proprietary, noninvasive laser energy therapies that may revolutionize the clinical care and management of ischemic stroke, traumatic brain injury, global ischemia, and other conditions characterized by disturbances in cellular metabolic function.The Company's initial product, the NeuroThera Laser System, will focus on the Transcranial Laser Therapy (TLT) of acute ischemic stroke. Estimates show that, in the United States, there are more than 600,000 ischemic strokes annually, and that stroke is the leading cause of serious long-term disability.

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Investors
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Chief Executive Officer at Florida Institute for the Commercialization of Public Research

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De Novo Ventures focuses on investments in medical device and biotechnology companies. They invest across all stages of a company's development from early- to late-stage. De Novo Ventures invests throughout the US, but has a preference for investing in companies located in the Western US.

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California Technology Ventures (CTV) focuses on investments in the following sectors: (1) information and communications technology including computer hardware, telecommunications, electronics, semiconductors, software and systems, multi-media and Internet and (2) life sciences including bio-pharmaceuticals and medical devices. The firm looks for companies with experienced and capable management, unique or proprietary products or services that meet a pressing need, the opportunity to create a leadership position in an industry, a novel and unique business concept, a compelling business model with clearly defined sources of revenue and profit, an attractive return on investment profile, a high growth market opportunity and a defensible and sustainable competitive position.CTV makes smaller investments in early-stage companies and also makes larger investments in later-stage expansion opportunities. Initial investments typically range from $250,000 to $2 million, with up to $5 million over the life of the investment. Although most of their investments are in Southern California, the firm also considers investment opportunities in other areas.

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