• Our News

Uncategorized

BlueTree Venture Fund, a Pittsburgh-based venture capital firm, recently invested in Alung, a developer of advanced medical devices for treating respiratory failure. Based in Pittsburgh, many of ALung’s products, including the Hemolung Respiratory Assist System (RAS), were originally developed out of the University of Pittsburgh.

ALung is an investor and innovator of new respiratory technologies. Founded in 1997 by William Federspiel, PhD and the late Brack Hattler, MD, ALung committed itself to enhancing the quality of life, improving the health, and reducing the cost of care for respiratory failure patients by developing revolutionary respiratory assistance products and services. Their aim is to create value for both their customers and their shareholders.

One of the most successful developments is the Hemolung RAS. It is the first fully integrated respiratory dialysis system. The Hemolung works to remove carbon dioxide and deliver oxygen directly into the blood of a patient, allowing their lungs to rest and heal without being intubated. The Hemolung RAS comes with easy to use features, making the machine patient friendly.

ALung has a strong partnership with the University of Pittsburgh and the McGowan Institute for Regenerative Medicine (MIRM). Dr. Federspiel continues to create new technologies to better treat respiratory failure and advance their already abundant knowledge. ALung has revolutionized its medical field and hopes to continue to do so with the help of the BlueTree Venture Fund.

To learn more about ALung, visit their website.

BlueTree Venture Fund, a Pittsburgh-based venture capital firm recently invested in Gemmus Pharma, a San Francisco-based company focused on the innovative development of pharmaceuticals for influenza and other viral infectious diseases.

Founded in 2007, Gemmus is a privately held biotechnology company that uses a host-directed approach and is committed to developing “best in class” products to meet major medical needs. They target the underlying causes of debilitating symptoms associated with influenza and similar illnesses by regulated the body’s natural response to the disease.

Gemmus is a member of the QB3 network (California Institute for Quantitative Biosciences), a Biotech incubator firm. They have also applied and received a SBIR(NIH) and a QTDP competitive grant. Most recently, Gemmus made plans to file an investigational new drug application targeting influenza symptoms with the FDA.

Gemmus’ lead candidate is GP1681. It plays a role in the anti-inflammatory response and has been shown to reduce the release of pro-inflammatory cytokines and chemokines from activated white blood cells. Studies for GP1681 have been conducted at Utah State University as a part of their National Institute of Allergy and Infectious Disease program. They have used both H5N1 and H1N1 strains to study the effects of the medicine.

To learn more about Gemmus Pharma, visit their website.

Categories

Search for

Contact Us

BlueTree Venture Fund
P.O. Box 1323
Wexford, PA 15090
724-475-4538
info@bluetreeventurefund.com