MedTech Innovator Names Sana Health as 2018 Global Competition Winner at The MedTech Conference

Startup Receives $350K Grand Prize for Non-Invasive Neuromodulation
Device to Treat Patients with Severe Chronic Pain

LOS ANGELES & PHILADELPHIA–(BUSINESS WIRE)–MedTech
Innovator, the premier nonprofit startup accelerator in the medical
technology industry, today announced Sana Health as the winner of its
2018 global competition. The company was selected in a live audience
vote on Sept. 25 at The
MedTech Conference, powered by AdvaMed, in Philadelphia.

Sana
Health, a medical technology startup based in Boulder, Colo., is
developing a non-invasive neuromodulation device that integrates a heart
rate variability sensor for personalized chronic pain management.

“It is a true honor to be recognized by the medtech community in this
way, particularly given the other incredible finalists in the
competition. The funding from this will support us in our goal to
provide an alternative to opioids for managing pain,” said Richard
Hanbury, founding CEO of Sana Health. “We’re grateful to be a part of
MedTech Innovator, which has provided invaluable mentorship and support.”

Selected by an audience vote from this year’s record-breaking pool of
more than 700 early-stage medtech companies, Sana Health was awarded the
$350,000 grand prize to advance its business goals and mission to
improve future health outcomes. AblaCare,
a company developing a minimally invasive approach for the treatment of
polycystic ovary syndrome (PCOS) related infertility, was the
second-place winner of the audience vote. CroiValve,
FineHeart,
and Spect
were runners-up. Each company received a prize of $25,000 as finalists
in the MedTech Innovator Accelerator program.

“This has been a groundbreaking year for MedTech Innovator, featuring
strong leadership teams with cutting-edge innovations, as well as a vast
network of industry partners to support and guide these emerging
disruptors,” said Paul Grand, CEO of MedTech Innovator. “We are proud to
see Sana Health chosen as the 2018 winner, and one step closer to
bringing the company’s innovative technology to pain patients.”

Sana participated in the MedTech Innovator 2018 Accelerator program,
which provides emerging-growth companies with in-depth, customized
mentorship from senior leaders in the medtech industry, exclusive
networking opportunities, virtual and in-person workshops, and pitching
with investors, manufacturers, providers, and customers.

Currently in its sixth year, the MedTech Innovator competition awarded
over $500K in cash prizes and in-kind awards. Participating companies
gained increasing amounts of exposure to industry leaders through online
application reviews, in-person pitch sessions, and audience competitions
at two conferences.

Judges of the 2018 final competition included Jennifer Kozak, Vice
President, New Business Development, Johnson & Johnson; Anne E. Sissel,
Vice President and Head / Baxter Ventures, Baxter Healthcare
Corporation; Christos Monovoukas, Vice President, Business Development
and Strategy, Olympus; and Linda Elkins, Chief Technical Officer, Gore
Innovation Center.

“As an industry partner of MedTech Innovator, we are consistently
impressed by the shared commitment of these companies to improving and
transforming the healthcare industry for patients worldwide,” said Susan
Morano, Vice President, Business Development for the Johnson & Johnson
Medical Devices Companies. “We are excited to see Sana Health recognized
for its innovation and mission to bring value-based care to people who
need it.”

During the plenary session, MedTech Innovator also announced winners of
the incubator space awards. Ictero
Medical and Spect each received the JLABS Award, valued at $25,000. Strados
Labs received the Gore Innovation Center Award, which provides usage
of the Gore Innovation Center Space and Lab for three months. DynamX
received the Magnify award, which provides space in the LA-based
incubator for three months.

MedTech Innovator is supported by founding sponsors Johnson & Johnson
and RCT Ventures, and annual program partners Amgen, Baxter, BD, BTG,
EdgeOne Medical, Fujikura Ltd., Grant Thornton, Health + Commerce, HOYA
Corp., MedTech Strategist, NIPRO Medical Corp., Nordson Medical, Olympus
Medical Systems Group, W.L. Gore & Associates, Inc., and Ximedica. In
addition, MedTech Innovator is honored to hold its three stage
competitions in conjunction with leading industry events run by the Advanced
Medical Technology Association (AdvaMed), Wilson
Sonsini Goodrich & Rosati, and the
MedTech Strategist.

About MedTech Innovator

Based in Los Angeles, Calif., MedTech Innovator is the premier nonprofit
startup accelerator in the medical technology industry. Our mission is
to improve the lives of patients by matching healthcare industry leaders
with innovative early-stage medtech companies for mentorship and
support. For more information about MedTech Innovator, visit https://medtechinnovator.org/
and follow @MedTechAwards
on Twitter. To receive industry insights and highlights about MedTech
Innovator’s current and alumni participant companies, subscribe to their monthly
newsletter.

Contacts

for MedTech Innovator
Lara Lingenbrink, 858-525-1414
Lara@healthandcommerce.com