In Diagnostics Pitches at Startup Battlefield | TechCrunch Disrupt 2023

TL;DR

A startup called In Diagnostics has developed a portable blood testing device that eliminates the need for expensive analyzers, making testing easier and more affordable.

Transcript

foreign [Applause] have your attention please welcome TechCrunch general manager and editor-in-chief Connie loisis foreign everyone good morning welcome to the center of the startup Universe it's great to see you thank you so much for coming and joining us these next three days uh you know we're so excited about this event you're going to be seeing... Read More

Key Insights

• 👻 In Diagnostics' portable blood testing device offers a cost-effective and convenient solution for veterinarians and pet owners, allowing for rapid screening and monitoring of liver enzymes.
• 🪡 The device eliminates the need for expensive analyzers and provides accurate results through integration with a smartphone.
• 🤗 In Diagnostics plans to expand the range of tests available on their device, opening up opportunities in both the veterinary and human markets.
• 😒 The company aims to disrupt the blood testing market by changing the model from a razor-razorblade approach to a single-use disposable device.
• 😘 The low-cost and easy-to-use nature of the device make it an attractive option for various healthcare applications, including emergency care and research studies.
• 👻 In Diagnostics' modular design allows for future scalability and miniaturization, enabling the possibility of running multiple tests on a single chip.
• 💪 The company has received positive feedback and interest from veterinarians, indicating a strong market demand for their innovative blood testing device.

Questions & Answers

Q: How does In Diagnostics plan to expand the range of tests available on their device?

In Diagnostics plans to change the filters and reagents to expand the menu of tests, allowing for the inclusion of more analytes. They aim to scale up to at least 20 tests and potentially up to 50.

Q: What advantages does In Diagnostics have by entering the market through the veterinary space?

By starting in the veterinary market, In Diagnostics can gain valuable insights and feedback from veterinarians, which can help them refine their product and expand to the human market. Additionally, veterinarians do not need to install any additional instruments and can easily adopt the device.

Q: How does In Diagnostics address the cost concerns for veterinarians and physicians?

In Diagnostics offers a low-cost solution by eliminating the need for expensive analyzers and minimizing the training required. The device is designed to be easy to use and has a low cost of ownership.

Q: How much blood is required for each test?

Only 20 microliters of blood is needed for each test, which is considered half the amount of a typical blood droplet.

Summary & Key Takeaways

• In Diagnostics has created a portable blood testing device that integrates a centrifuge and spectrophotometer, connecting to a phone via a USB dongle.

• The device can run tests for liver enzymes, such as ALT and AST, and provides results on the phone screen.

• Targeting the veterinary market initially, the device offers a cost-effective solution for emergency veterinarians and home monitoring of pets with liver disease.