Kris Buchanan - RedDrop DX, Private Partnering Interview at LSI USA ‘23

Transcription

Hi I'm Kris Buchanan, CEO and founder of phase three product development and co founder of RedDrop DX. Phase three product development is a 14 year old product development firm. We specialize in helping our clients develop diagnostic devices. We have particular expertise in fluidics, consumables and wearables. About four or five years ago, we saw the need for pain free blood collection as a front end, for consumables for for diagnostic tests for home and point of care testing. And so we created a separate company called RedDrop DX, which is a pain free blood collection device that allows you to collect blood in the comfort of your own home or in a doctor's office, so that you can test that blood immediately or send it away for centralized testing. RedDrop DX is designed to be a completely pain free way to get blood from inside your body and into a test cartridge or instrument. And it's designed to be the easiest solution for getting blood out of your body and into a test. RedDrop is much lower and pain than any other competing devices. And some cases, we see that our device is a factor of 10 less pain than any other solution out there. So in your kit, you'll have three components, your heat pack, your tablet, and the RedDrop device. So the user will snap this the disc, which actuates the heat pad, you place the heat pad on your shoulder for one minute, then you open the towel, let me clean your shoulder, it takes about 10 seconds, then you remove the paper, release paper from the bottom of the RedDrop device, place it on your shoulder, slide this down this lever down that actuates the red drop device, and in just 30 seconds, you'll start to see blood appear in your tube. And after about a minute, you'll have plenty of blood for your test, you remove the tube from the device, place the cap on Invert it several times that mixes the anticoagulant with a blood sample. At that point, you can test the blood immediately or send it away for centralised testing. So we've done all of our testing on the shoulder. And we found that we have less sensitivity there and it's easier to use. We've designed the device so that the tube is pointed away from your anatomy, so that it's easy to see on your shoulder. So it kind of gets to the best of all worlds. It's low pain, we get a lot of blood there, and it's easy access. So far, the conferences been great. It's a really high quality in terms of these are exactly the kinds of people that are here that we want to talk to either customers or investors. They're they're here. And and there's very few other people here. So there's not a lot of filtering that we have to do. We're looking for customers and investors for RedDrop DX. And in particular customers for phase three product development folks who want to develop diagnostic devices so we we develop consumables, readers and instruments for diagnostics. Work with our customers who might have a sensing technology or an assay that they want to commercialize and automate for home use.