AUSTIN, Texas, June 8, 2016 /PRNewswire-iReach/ -- Entvantage Diagnostics, Inc. was recognized as one of the Rice Alliance 10 Most Promising Life Science Companies at the 2016 Texas Life Science Forum hosted by the Rice Alliance for Technology and Entrepreneurship and BioHouston and Texas Healthcare and BioScience Institute at the BioScience Research Collaborative in Houston, May 26. The companies were chosen by industry experts and investors.
Entvantage Diagnostics, an Austin, TX based diagnostic company, provides physicians with point-of-care information on the underlying cause of ear, nose and throat illnesses. Its first product, a diagnostic test for bacterial sinusitis detection, will allow physicians to easily identify the three most common bacterial pathogens associated with bacterial sinusitis and know which patients will be helped from antibiotic prescription from the vast majority of those that don't need them. Currently, approximately 80% of patients receive antibiotic prescriptions for sinusitis, although less than 10% of patients are benefitted from their use.
"Entvantage is delighted to have been selected in 2014 and again this year as recipient of the Most Promising Life Science Company", said Joe Skraba, President and CEO of Entvantage Dx, "The Rice Alliance-BioHouston meeting is the premier life science forum in Texas, it is filled with exciting life science companies. To be selected from this long list of great companies is a real tribute to our company" continued Skraba.
More than 50 startup companies presented their three-minute business plan presentations at the forum. An additional six Nasdaq-listed life science companies provided status updates.
"Every year the quality of companies improves," said Rice Alliance Managing Director Brad Burke, who announced the winners at the event. "This year we had a diversity of companies, both in offerings as well as maturity. We highlighted 52 startups in addition to six more mature Nasdaq listed companies. These companies demonstrated the diversity of innovation, talent, investment, potential and success in life science industry."
The event is one of the largest life science venture capital conferences in the Southwest and featured more than 40 industry and investment speakers. Among the 500 attendees were venture capitalists and other investors, entrepreneurs, industry representatives, business leaders and service providers.
About Entvantage Diagnostics
Entvantage Diagnostics, an Austin, TX based diagnostic company that provides physicians with point-of-care information on the underlying cause of ear, nose and throat illnesses. Its first product market opportunity exceeds $2 billion the initial targeted markets annually. Use of the FDA Class II kit will improve the accuracy of their diagnosis, reduce the amount of antibiotics prescribed unnecessarily to treat sinusitis, and increase revenue to the clinic using established CPT reimbursement codes.
MEDIA CONTACT: zach@entv-dx.com
About The Rice Alliance for Technology and Entrepreneurship
The Rice Alliance for Technology and Entrepreneurship is Rice University's nationally recognized initiative devoted to the support of technology commercialization, entrepreneurship education and the launch of technology companies. It was formed as a strategic alliance of three Rice schools: the George R. Brown School of Engineering, the Wiess School of Natural Sciences and the Jesse H. Jones Graduate School of Business. Since inception in 1999, more than 1,700 early-stage companies have presented at the 170+ programs hosted by the Rice Alliance and raised more than $3.3 billion in funding.
About BioHouston
BioHouston, Inc. is a non-profit corporation founded by Houston area academic/research institutions. We are leading a broad effort to establish the Houston region as a vigorous global competitor in life science and biotechnology commercialization. Our mission is to create an environment that will stimulate technology transfer and research commercialization, thereby generating economic wealth for the Houston region and making it a global competitor in life science commercialization. BioHouston's activities provide the greatest leverage in making the Houston region a world-class competitor in the life science industry. All of our activities are designed to: CONVENE people and organizations that need to come together to make the life science industry in Houston ignite, including scientists, intellectual property and product development experts, venture capitalists, pharmaceutical companies, and others. COMMUNICATE and interact so that people and organizations can learn from one another, share information and explore opportunities. CATALYZE the discoveries and commercial development so that the true potential of the life science industry in Houston can be unlocked.
Media Contact:Joe Skraba, Entvantage Diagnostics, Inc., 5124316071, jskraba@entv-dx.com
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Entvantage Diagnostics, Inc
