Investor Presentaiton
Trice-Company Overview
COMPANY OVERVIEW
Market Segment:
Headquarters:
CEO:
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Medical Device
Malvern, PA
Mark Foster
Pioneering disposable cameras and instruments that enable faster
diagnostics and shift of low-risk procedures to the office and surgery center
settings
• Trice Medical's FDA-approved 510(k)-cleared device, mi-eye 2, is a
disposable, handheld 2.2mm arthroscope, consisting of a needle with an
integrated camera and a light source designed for in-office diagnostics
Camera and ultrasound (mi-Ultra) products help physicians with real-time
analysis, faster treatment, and schedule patients for surgery immediately
Endoscopic Carpal Tunnel Release (ECTR) kit includes surgical instruments
and a mi-eye 2; kit allows physicians to perform procedures in the office
•
• IP for other indications including neurosurgery, ob-gyn, respiratory, ENT
and veterinary
Origin:
Capital:
Ownership:
Financing Rounds:
Other Investors:
Trice Medical
SUMMARY
July 2014
$11.8M
17% Primary / 14% Fully Diluted
Series B, Series C
Charter Capital, BioStar Ventures, HealthQuest
Capital, Michigan Employees Retirement System,
Smith & Nephew
Board Member:
Gary Kurtzman (Chair)
REVENUE MODEL
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THESIS
mi-Eye addressable market (U.S.) is more than 8 million orthopedic-focused
MRI exams which are conducted each year.
Positive economics for payers and providers
Carpal tunnel represents a growing market size with over 600K performed
annually with a favorable market trend towards endoscopic (versus open)
procedures
Strong proprietary position provides the ability to enter additional verticals
and partner/license.
Expanding with recent acquisition of Tenex Health
Trice sells the mi-eye cameras, ECTR kits, mi-Ultra, and companion tablets
to physicians on a per-unit basis.
Trice also licenses its IP and services out to select large medtech firms for
use cases Trice does not plan on pursuing independently.
COMPETITORS
Arthrex, Karl Storz, Smith & Nephew, Stryker, Depuy Synthes, CONMED,
Biomet-Zimmer, J&J
G
www.safeguard.com
© 2021 Safeguard Scientifics, Inc. All rights reserved.
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