ParaNano Wound Care, LLC

Exciting Leadership Update at ParaNano! We’re thrilled to announce that?Peter Rock?has joined?ParaNano Labs?as our new?Chief Operating Officer! With a proven track record in financial strategy, capital growth, and operational leadership, Peter is the perfect addition to our team as we transform?wound care?with cutting-edge?technology. At ParaNano, we are pioneering?the future of wound monitoring?with the?Bio-Z? Smart Bandage, a flexible nanofiber biosensor that visually detects bacterial colonization in chronic wounds. As we push forward in?regulatory approvals, commercialization, and strategic partnerships, Peter’s expertise will be invaluable in scaling our impact and ensuring financial sustainability. Why This Matters With rising challenges in?chronic wound management, hospitals, clinicians, and patients need?smarter, more proactive solutions. The Bio-Z? Smart Bandage is designed to provide?early detection of bacteria colonization, redefining the standard of care. Strong financial leadership is critical as we enter this next stage of growth. Peter will play a key role in securing the resources, partnerships, and financial strategies that will bring this life-changing technology to market. Join Us in Welcoming Peter! We’re excited about the journey ahead and grateful to have Peter on board as we work toward?FDA approval, market expansion, and continued innovation in wound care. Connect with Peter:??Peter Rock Welcome to the team, Peter! We can’t wait to achieve great things together.

Transforming Wound Care:?Smart Monitoring, Effective Interventions Chronic wounds are a significant concern, with their prevalence among Medicare beneficiaries increasing from 14.5% in 2014 to 16.4% in 2019. Notably, the largest rise was observed in beneficiaries under 65, with prevalence rates climbing from 12.5% to 16.3% in males and 13.4% to 17.5% in females. This underscores the growing need for effective wound management solutions across diverse patient populations. Traditional clinical signs of infection, such as erythema, can be challenging to detect in patients with highly pigmented skin, leading to delayed diagnoses and treatment. A study analyzing 350 chronic wounds found that the sensitivity of clinical signs to detect high bacterial load was significantly lower in patients with darker skin tones (2.9%) compared to those with medium (24.3%) and lighter skin tones (14%). This highlights the critical need for objective assessment tools, irrespective of skin pigmentation. The Bio-Z? Smart Bandage addresses these challenges by offering a standardized visual reference that is easily interpretable across all skin tones. Its bold, high-contrast color change facilitates early detection of elevated bacterial colonization, prompting timely clinical evaluation and intervention. By integrating seamlessly into existing wound care workflows and compatible with many dressings, Bio-Z? provides continuous, passive monitoring without additional equipment, empowering clinicians and caregivers to make informed decisions and potentially improving patient outcomes. Clinical References: 1.??????Nussbaum et al., 2018 – Chronic wounds affect ~2.5% of the U.S. population and cost Medicare up to $96.8 billion annually (PubMed). https://lnkd.in/gRuZDUU4 2.????Sen et al., 2023 – Chronic wound prevalence among Medicare beneficiaries increased from 14.5% (2014) to 16.4% (2019) (PubMed). https://lnkd.in/gyJM4U2x 3.????Alvarez et al., 2023 – Sensitivity of clinical signs to detect bacterial load was significantly lower in patients with darker skin tones (2.9%) compared to lighter skin tones (14%) (Springer). https://lnkd.in/gqYkAGmy

Driving Innovation in Wound Care On March 14, 2024, ParaNano CEO, Chelsea Luxen, MBA, had the privilege of joining Oklahoma Lieutenant Gov. Matt Pinnell to discuss ParaNano’s journey in tackling critical challenges in wound care through innovation. Our conversation delved into how the Bio-Z? Smart Bandage is revolutionizing the way chronic wounds are monitored for infection. In addition, ParaNano Wound Care was also featured in Oklahoma Innovation in Action for our groundbreaking work in collaboration with the Oklahoma Center for the Advancement of Science and Technology (OCAST). OCAST has been instrumental in supporting our progress by providing funding and access to vital programs like the New Product Development Center at OSU, the Oklahoma Manufacturing Alliance, and other innovation-focused initiatives. In the Innovate That podcast episode produced by OCAST, we discussed: ·?????The inspiration behind the Bio-Z? Smart Bandage. ·?????How ParaNano’s technology bridges a critical gap in wound care by early detection of rising bacterial loads. ·?????The pivotal role that OCAST and other partners have played in our success. This journey wouldn’t have been possible without the incredible support from OCAST, our partners, and the community.?As highlighted in the article and podcast, we are addressing a pressing need in wound care, ensuring patients and caregivers can monitor infections with ease. Listen to the podcast episode:?https://lnkd.in/gUZHshT7 Learn more about our innovation: https://lnkd.in/gEirmxng

We’re excited to officially introduce Derby Whitefield as a key member of the ParaNano team! Derby has been with ParaNano since 2020, playing an instrumental role in the design and manufacturing of components for the Bio-Z? Smart Bandage. His contributions include conducting experiments to optimize product designs, developing standardized processes for material handling within the manufacturing process, and collaborating with the Dr. Sarvesh Logsetty, Dr. Song Liu, and Farinaz Jonidi Shariatzadeh at the University of Manitoba to refine and enhance the product. Derby also led efforts to reduce manufacturing time, streamline material handling protocols, and improve the manufacturing workflow. A standout achievement includes helping to set up our pilot manufacturing facility in partnership with Meridian Technology Center paving the way for current operations and future expansion. Today, Derby remains deeply focused on continuous improvement in manufacturing processes and shaping plans for our next phase of growth. We’re grateful for his expertise and dedication as we work to revolutionize smart wound care with the Bio-Z? Smart Bandage. Please join us in celebrating Derby’s incredible impact and ongoing contributions to ParaNano!

Transforming Wound Care, Transforming Lives At ParaNano, we’re setting a new standard in wound care. Our vision is bold yet simple: to revolutionize the way infections are detected and managed, empowering healthcare providers and patients alike with cutting-edge solutions that: ·??????Reduce healthcare costs ·??????Enhance patient outcomes ·??????Improve quality of life Our Bio-Z? Smart Bandage is at the heart of this mission. This innovative technology offers continuous, real-time wound monitoring, visually indicating critical pathogenic activity to enable early intervention and treatment of infections. We are committed to: ·??????Bridging the gap in wound care with accessible and effective solutions. ·??????Reducing the burden on healthcare systems through smarter care strategies. ·??????Elevating patient safety and care through innovation. This is more than technology—it’s about transforming lives. Together, we’re not just improving wound care—we’re shaping healthier interconnected care for the present & future.

Exciting Progress from ParaNano! We’re excited to announce that ParaNano has officially opened a pilot production facility at the Meridian Technology Center in Stillwater, OK! This milestone marks a significant step forward as we work to optimize our workflow and prepare for manufacturing at scale. The pilot production facility not only allows us to streamline operations but also enables us to leverage economies of scale to bring our innovative solutions to market more efficiently. Additionally, we’re proud to share that manufacturing has been validated, a critical milestone as we move closer to our FDA submission. This milestone was supported by the ParaNano team, Prime Path Medtech?, and OSU New Product Development Center. This achievement is a testament to our commitment to innovation and quality in advancing wound care technology. We’re grateful for the support of our team and partners who are helping make this vision a reality. Stay tuned as we continue to grow and make strides in bringing the Bio-Z? Smart Bandage to market. Together, we’re transforming the future of healthcare. #InnovationInHealthcare #ParaNanoLabs #PilotProduction #MeridianTechnologyCenter

ParaNano Secures $500K Grant from Oklahoma Center for the Advancement of Science and Technology (OCAST) to Advance Bio-Z? Smart Bandage Innovation. ? We are thrilled to share that ParaNano has been awarded a $500,000 grant from the Oklahoma Center for the Advancement of Science and Technology (OCAST). Being selected as one of only 16 recipients of this prestigious award is a tremendous honor. ? Our winning project, “Pilot Manufacturing Process Validation for the Bio-Z? Smart Bandage,” focuses on establishing a robust manufacturing infrastructure and finishing our FDA pathway. This initiative not only represents a critical milestone for our company but also brings significant benefits to the state of Oklahoma, including job creation and contributing to the growth of its life sciences sector. ? ParaNano is the first startup company spun out of the University of Central Oklahoma and has received continuing support. “As Oklahoma’s only metropolitan university, the University of Central Oklahoma is uniquely positioned to collaborate with businesses like ParaNano, driving innovation that moves our community forward. The partnership with ParaNano is particularly special because it is our own alumni working with our faculty to create solutions that better the lives of others. We’re excited that OCAST has recognized the importance of ParaNano’s work, and we look forward to their continued growth and success,” said UCO President Todd G. Lamb. ? Chronic wounds pose a major challenge in healthcare, with infections often leading to severe complications and delayed recovery. Current monitoring methods are largely reactive, detecting issues only after infections have advanced. This highlights the urgent need for proactive solutions to improve patient outcomes. ? The Bio-Z? Smart Bandage is designed to address this need through continuous, non-invasive monitoring of chronic wounds. Its innovative technology visually indicates infection through a color change, empowering clinicians with timely insights to intervene early and reduce wound-related complications. ? We are excited to continue driving innovation in healthcare and are deeply grateful to the Oklahoma Center for the Advancement of Science and Technology (OCAST) and our partners for supporting this transformative work. #OCAST, #UCO

Proud of our CEO & Co-founder, Chelsea Luxen, MBA for representing OKC & ParaNano at the #JLABSGlobalCEOSummit2024!

So many good things coming up! Next week I will be at the IDN Summit & Reverse Expo supporting some great companies like CalmWave, TubeClear System - an Actuated Medical, Inc. product, Poppy, Gabi SmartCare, CerroZone, ParaNano Wound Care, LLC, Dimer UVC Innovations as well as a handful of Singapore startups like Credo Diagnostics Biomedical, Aevice Health and Castomize. If you’ll be there and you want to connect be sure to reach out.

Thanks for sharing, Suzy Engwall! Our smart bandage answers the industry wide problem: How do you know when your wound is infected at the earliest possible moment, before clinical signs and symptoms present? It was a great time filming our MedTech Minis feature. Check it out and see how we are are solving this problem with our simple, easy to use, infrastructure independent, & affordable product! #startup #medtechinnovation #woundcare #paranano #infectiondetection