Centerline Biomedical, Inc., a Cleveland Clinic spinoff company, has been awarded its third small business grant from the National Institutes of Health National Heart, Lung, and Blood Institute, with the Clinic as a subawardee, to support the company’s navigation system for minimally invasive surgery.
The Phase II grant has a total budget of approximately $1.5 million. It supports the advancement of the company’s Intra-Operative Positioning System (IOPS) with augmented reality 3D guidance, navigation, and control (3D-GNC) for placing endovascular stents, according to a news release.
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Story excerpt provided by Crain’s Cleveland Business.
Written by Lydia Coutre.
Originally published September 13, 2019.