There is an enormous need for blood worldwide (>$7B USD market) that we can fill. Funds will allow us to manufacture product in the US & begin operations here.
The worldwide blood shortage is estimated at 200 million units/year (>$7B US). Vidaphor (meaning life-bearing) is completely artificial (not hemoglobin based). It is the only artificial blood approved anywhere in the world (approved in 4 countries) and has been given to 30k people with good results & very few side effects. In order to globalize, we started a new company in the US & are moving manufacturing of product and raw materials to the US.