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Irving Weinberg

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This is a new spin-out focusing on brain health. The technology arose from the Weinberg Medical Physics incubator, whose graduates have valulations in excess of hundreds of millions of dollars. The new company is based on a product that delivers neuromodulation and drug/gene delivery using magnetic fields, guided and monitored by a built-in MRI system. The entire system is compact and will fit in a neurologist’s office. Neurologists are the primary intended customers of the system, with already-approved reimbursements once the device and associated drug payloads are approved by FDA. The market for the product is several billion dollars, competing with Insightec (a billion-dollar company).

Executive Summary