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Pinnacle Therapeutics
Location: Irvine, California, United States United States
Founded in: 2010
Stage: Pre-launch
Number of employees: 6-15
Short URL: vator.co/pinnacle-therapeutics
Followers (438)
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Pinnacle Therapeutics

Startup/business
Irvine, California, United States United States
http://vator.tv/company/pinnacle
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Company description

THE COMPANY
Pinnacle Therapeutics, a medical device company based in Irvine, CA, was founded in 2010.

THE CONCEPT
Every year, more than 600,000 surgeries are performed to alter the shape of the cartilage in the ear and nose for both functional and aesthetic purposes, accounting for more than $1 billion in revenue. Yet the intrinsic risks and inexact nature of current techniques make this more of an art than science. Pinnacle Therapeutics has successfully combined both and developed AcuShapeTM, a minimally invasive device for cartilage reshaping in plastic surgery applications for the head, face, and neck. The clinical efficacy and safety profile of AcuShapeTM is well-documented. Its low cost, low risk, and easy implementation make AcuShapeTM highly attractive to physicians who seek to perform office-based interventions and to patients who do not want major surgery.


Team
Competitive advantage

AcuShapeTM has enormous market potential because of both the high volume of cartilage shape change surgeries performed each year in the U.S. and the clinical and economic value it provides to both patients and physicians.

For the patient, AcuShapeTM is an attractive alternative to surgery with respect to intrinsic risks, recovery time, complication, and cost. For the physician, AcuShapeTM has the potential to significantly increase procedure volume, as the procedure may be performed in the office under local anesthesia and lasts less than 10 minutes. Compare this to rhinoplasty, which on average requires 1-3 hours of operating room time. The patient must endure general anesthesia and bear all the risks and would be unable to return to work until 7-10 days after the surgery.