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Stone Medical Corporation

Stone Medical provides Clean Collect Blood Culture Kits which prevent contamination of blood cultures, a $15.3 billion quality problem for hospitals worldwide.

  • Stage Full Product Ready
  • Industry Medical Devices and Equipment
  • Location Bettendorf, IA, US
  • Currency USD
  • Founded October 2007
  • Employees 16
  • Website stonemedcorp.com

Company Summary

Stone Medical Corporation provides hospitals with Clean Collect Blood Culture Kits. Clean Collect uses a patented diversion method to prevent contamination of blood cultures. Blood culture contamination results in unnecessary treatment of patients and costs totaling $15.3 billion each year. Hospitals using Clean Collect consistently have reduced contamination rates by an average of 74%.

Team

  • Benjamin Stone is founder of the Stone Medical Corporation and inventor of Clean Collect, the Phleb Pak, and technologies in other fields. He has authored several patent applications and successfully prosecuted patents with the United States Patent and Trademark Office. He has experience in grant writing, marketing strategy, clinical investigation design, product design, regulatory approvals, fund raising, and business management.

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    Dr. Jon Lawrie, PhD
    Director - Commercialization and Exit Strategy

    Dr. Jon Lawrie has been a founder, president, CEO, or director at many successful companies including: Codon, Inc., Amoco Corp., Cardiovascular Diagnostics, Inc., Aldagen, Abrovax, Inc., BD Technologies, and Roche Diagnostic Systems. He has raised funding for startups totaling $50 million in capital. He has led many startups to exit by acquisition, licensing, and IPO. His PhD in Microbiology and Immunology is from the University of Washington.

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    John Strong
    Director (Elect)

    Provides direct support for development of GPO contracts, market development, and operations development. John was founder of Consorta, a GPO acquired by Healthtrust (HPG) and held senior positions at Premier. He was elected to the Bellwether League (Supply Chain Hall of Fame) in 2011.

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    Russ Gronewold
    Director

    Russ Gronewold provides considerable insight into the needs of acute care hospitals and their decision making processes. Russ is currently CFO at Bryan Health and has previously been a Business Development Executive at Alegent Health, COO at Immanuel Health Systems, and Executive Director for Children's Physicians.

Advisors

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    K&L Gates (intellectual property); Kleinfeld, Kaplan, & Becker (regulatory)
    Lawyer
    Unconfirmed
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    Jim Thomson
    Development Advisor
    Unconfirmed
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    Joe Trygar
    Business Development
    Unconfirmed
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    Harlan James
    Operations Development
    Unconfirmed
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    David Kemper
    Corporate Development
    Unconfirmed

Previous Investors

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    Series A Investors include two high net worth investors, family, and friends
    Unconfirmed
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    Ideon Healthcare Solutions
    Series B Investors
    Unconfirmed
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    Nebraska Angels
    Unconfirmed