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Elute, Inc.

Drug-releasing bone void fillers that prevent orthopedic infection and promote bone healing.

  • Stage Product In Development
  • Industry Medical Devices and Equipment
  • Location Salt Lake City, UT, USA
  • Currency USD
  • Founded October 2011
  • Employees 7
  • Website elutinc.com

Company Summary

Elute, Inc. aims to be the leader in the development and commercialization of a new class of patented and patent pending drug eluting devices designed for controlled and sustained release of drugs aimed at preventing and treating bone infections. Elute’s products provide a clinically relevant delivery of antibiotics and other therapeutic agents directly into surgical sites of patients undergoing orthopedic procedures. Elute's first product candidate, ElutiBoneTM, has shown in in-vitro tests the controlled release of certain antibiotics in a therapeutic range for a 7-8 week period. Furthermore, animal studies confirm that ElutiBone eliminates pathogens in vivo, while preventing infection in large and small animal peri-operative infection models while simultaneously enhancing bone formation.

Team

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    David W. Grainger, PhD
    Chief Scientific Officer & Board of Directors

    Chair Pharmaceutics & Pharmaceutical Chemistry. Professor of Pharmaceutical Chemistry and Bioengineering, University of Utah. Scientific Advisor AO Foundation & Synthes.

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    Dennis B. Farrar
    Chairman, Board of Directors

    Founding partner fo UpStart Ventures in Salt Lake City, Utah. Cofounder fo 13 life sciences companies, including Myriad Genetics (MYGN) and SerePrognostics (www.seraprognostics.com). He also cofounded Utah Ventures, Utah's first institutionally-financed venture fund. Mr. Farrar is a graduate of Stanford University and Stanford Law School and has practiced law with large firms in New York, San Francisco and Salt Lake City.

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    Philip A. Davidson, MD
    Board of Directors

    Partner, Heiden Davidson Orthopaedics, Park City, UT (joint resurfacing and replacement, sports medicine).
    Consultant with early stage orthopedic companies.

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    Cheryl R. Blanchard, PhD
    Board of Directors

    20+ years of experience with orthopedic device companies.
    Former Chief Science Officer and Sr. Vice President of Zimmer Holdings (world's largest orthopedic company). Currently, CEO of BioCHIPS.

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    Ashok C Khandkar
    CEO

    Ashok Khandkar joined the Company’s Board of Directors in December 2011 and serves as the CEO. He was the founding CEO of Amedica (Nasdaq, AMDA), an orthopedic company, from '00 - '09. In 2010, he founded Bloxr, (sold in Sept. 2014). He consults with a startup focused on a novel laparoscopy platform. He has over 27 years of experience in founding and leading companies. He earned his Ph.D. in Materials Science from Arizona State University.

  • A68cbf54 197b 4e02 86e4 540d7ec203a0
    VP Research & Development

    He is the VP R&D. He has over 20 years of experience in development and commercialization of biomaterials and drug delivery technologies. Prior to that, he was VP R&D at Histogenics, where he helped raise $49 million in funding. Previously he was the CTO of ProChon Biotech and CSO of Curative Bioscience. At Inion as VP R&D, he helped lead Inion's $75 million IPO. He earned his Ph.D. in Bioengineering from the University of Utah in 1990.

Advisors

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    Bruce Sunstein, Esq., Sunstein Kann Murphy & Timbers, Boston
    Lawyer
    Unconfirmed
    0ee4f4e5 ff92 4a1d 8ecd e60086465465
    Biostatistician
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    Don Urbanowicz
    Consultant
    Unconfirmed

Previous Investors

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    UpStart Ventures
    Unconfirmed
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    JIS Ventures
    Unconfirmed
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    University of Utah Research Foundation
    Unconfirmed