Clear Guide Medical Receives Designation Of Qualified Maryland Biotechnology Company

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Jun 09, 2015, 12:00 ET

BALTIMORE, June 9, 2015 /PRNewswire/ -- Clear Guide Medical has been officially designated a Qualified Maryland Biotechnology Company which allows qualified investors who pledge an investment by June 25, 2015 to receive a 50% rebate on their investment. The program, run by the State of Maryland, is open to investors from any state or country, and seeks to increase investments in biotechnology companies in the state.

Clear Guide has met several important milestones in recent months, including having an issued patent, engaging product distributors and receiving regulatory clearance for sales in the US, Canada and the EU. The company is seeking angel investments of $100,000 to support its burgeoning sales efforts. With this Biotechnology Investment Credit from the state, an investor receives a 50% risk free return the following tax year. More information about the program is found at http://clearguidemedical.com/investors.

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The Clear Guide ONE revolutionizes the practice of interventional medicine with a compact, ergonomic, ultrasound probe attachment. No specialized instrumentation, sensors, or time-consuming calibration steps are required to use the Clear Guide ONE. With the Clear Guide ONE, guidance is "always on" – helping physicians hit their target quickly and easily. The Clear Guide ONE can be attached to most commercially available ultrasound systems, making ultrasound guidance available for most needle- and catheter-based procedures.

ABOUT CLEAR GUIDE MEDICAL

Clear Guide Medical, a privately-held company headquartered in Baltimore, MD, develops innovative technologies to provide Computer-Assisted Image Guidance (CAIG) for needle-based interventions. By using CAIG, the Clear Guide ONE enables clinical personnel to see the needle or catheter path on the ultrasound display before entering the patient body. Understanding the correct angle at which to insert needles or catheters into the body is essential to good clinical outcomes. The Clear Guide ONE is an accessory to most commercial ultrasounds, increasing the utility of that equipment.

The Clear Guide ONE and the Clear Guide EDU training system are currently available for sale in the United States, the European Union, and Canada by contacting [email protected].

ABOUT THE MARYLAND BIOTECHNOLOGY INVESTMENT INCENTIVE TAX CREDIT

More information about the investment rebate as well as the application form can be found at http://business.maryland.gov/fund/programs-for-businesses/bio-tax-credit

Contact: Susan Kamauff
[email protected]
410-504-6540

SOURCE Clear Guide Medical