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Wound care firm Medtric pitches breakthrough bandage

Wound care startup company Medtric Biotech has developed what it says is a medical breakthrough for dressings: a bandage that both heals the wound and fights infection. Medtric says the current slate of products on the market do one or the other, but they don’t do both. Medtric could be on its way to accomplishing […]


Wound care startup company Medtric Biotech has developed what it says is a medical breakthrough for dressings: a bandage that both heals the wound and fights infection.

Medtric says the current slate of products on the market do one or the other, but they don’t do both. Medtric could be on its way to accomplishing both tasks with one product. The company won the Wake Forest University Schools of Business annual Elevator Competition.

Thirty-five teams from around the world converged on BB&T Headquarters in Winston-Salem, North Carolina for the March 26 competition. Medtric, from Purdue University, was the best of the lot and won the top $20,000 prize in the traditional track. The company is now automatically entered in the Venture Labs Investment Competition, which could yield up to $500,000 in investment from the Piedmont Angel Network.

In the Wake Forest Elevator Competition, companies need to make the case for their technology in a two-minute elevator pitch. As you can see from the video that Wake Forest posted of Medtric here, VP of business development Rob Einterz does just that during an elevator ride just over two minutes long.

Medtric has developed a proprietary wound dressing called Osmose. In the video, Einterz says the bandage has two active ingredients that kill bacteria by dehydrating it — a different approach from anything else on the market. The bonus for the bandage? It’s also cheap. Einterz said that the underlying materials for the bandage cost only 3 cents

So far, Medtric has done preclinical testing on guinea pigs. The company has tested Osmose on 500 strains of bacteria with an effective kill rate of  100 percent. Osmose even works against antibiotic-resistant strains. Medtric aims to get U.S. Food and Drug Administration clearance on Osmose as a medical device. A 510(k) filing is the company’s next step.

Medtric beat out second place finisher OsComp Systems from the Massachusetts Institute of Technology and BlackLocus from Carnegie Mellon University. Medici Medical Technologies from Duke University placed fifth.

Osmose was invented at Purdue University, where the founders are studying. Medtric was founded in 2010.