Revolutionary Infection Diagnostics
ECI BIOTECH ECI Biotech is a Premier Developer of ExpressDetect® infection diagnostics. ExpressDetect ®  diagnostics are simple, inexpensive, rapid, and safe. 3 Global Wound Care Companies Competing for Sales and Marketing Agreement. Currently raising  $10M for CAPEX, Working Capital, and Operating Expense.
Team Anthony J. Bernardo ,  President & CEO 30+ years medical device experience (Inverness Medical innovations) Various senior management positions (M&A, GM, Operations, R&D, Business Development) with private and public companies  BSEE/MSEE – Northeastern University (1974/1977) MBA – Boston College (1984) Mitchell C. Sanders ,  Executive VP & Founder 11 + years R&D and Business Development experience ($7M) BA Biology w Minor in Latin Literature – Boston University (1986) MS Biology /Ph.D. Biomedical Sciences – WPI (1988/1992) Two postdoctoral fellowships – MIT Whitehead Institute (1992-1997) Duane L. James ,  CFO 25 years progressive experience in accounting, finance, treasury and management for private and public multi-national companies (Inverness Medical innovations) BS Management/Finance – University of Massachusetts (1981) MBA – Rivier College (1995)
Market Size Advanced Wound Care is a $2.8 B Industry ECI’s Market Opportunity ($840M) 14M Chronic Wounds Treated Annually Each patient is checked 8-10 x for infection  Biopsy Visual exam only Swab 35% 53% 12%
Unmet Need Wounds need to be tested for bacterial load before treatment Most patients are seen in 15 min (outpatient clinics) Visual Assessment Methods Inaccurate Current methods take 2-3 days to get results
Value Proposition Our test takes 10 minutes Low cost ($15 vs $75/225) Better treatment and faster healing outcomes  Sen= 95%  Spec = 90%
Second Product Opportunity Inexpensive, and safe enough for band-aids Sensor turns blue when infection is likely Featured on  Medical Breakthroughs
Proof of Concept ECI Detects >98% of wound pathogens at 10 6  CFU/ml.  Wound Healing Society mandates treatment at this level.
Competition ExpressDetect ®   Antibody   Visual Signs  Culture Real Time              X Specificity         X    Inexpensive    X      X  Broad Spectrum    X       Active Detection    X   ?   
Intellectual Property Strong IP with 18 patent families issuing world-wide Additional design patents in preparation
Current Funding Corporate Development Funding  (Current $0.3M) SBIR Grants  Project  Awarded Yeast Diagnostic $200,870 PoC Wound Diagnostic, Phase I $208,311 Therapeutic Agent for Periodontal Disease, years 1+2 $242,072 PoC Wound Diagnostic, Phase II $949,000 Project Pending Detecting Trauma Induced Wound Infections (DoD) $3,200,000 Yeast Diagnostic Phase II $1,000,000
Revenue Chronic Wound Opportunity for ECI =  $840 Million 14M  wounds; 4 tests/wound; $15/test 2008   2009   2010   2011   2012 Revenue (000) 793   515   2,453  12,691  23,859 EBITDA   (1,049)   (2,056)  (1,412)  4,474  12,339 Pretax/Net Income  (1,223)   (2,693)  (1,706)  4,015  9,146
Institutional Round
Timeline Financing: Q4-2008 Strategic partner relationships negotiated: Wound care PoC Q1-2009 Wound Dressing  Q3-2009 Product Timing: PoC Wound Infection Diagnostic: Functional prototype: Q1-2009 Regulatory submission (FDA/CE): Q1-2010 Launch (USA or Europe): Q3-2010 Wound Dressing Diagnostic: Functional prototype: Q3-2009 Regulatory submission (FDA/CE): Q3-2010 Launch (USA): Q2-2011
Summary ExpressDetect ® -  simple, inexpensive, rapid, & safe Large Markets ($B) Primary Products in Wound Care Pipeline (oral care & women’s health) Significant revenue >$50M and liquidity opportunity

Updated Eci Biotech Nevs08

  • 1.
  • 2.
    ECI BIOTECH ECIBiotech is a Premier Developer of ExpressDetect® infection diagnostics. ExpressDetect ® diagnostics are simple, inexpensive, rapid, and safe. 3 Global Wound Care Companies Competing for Sales and Marketing Agreement. Currently raising $10M for CAPEX, Working Capital, and Operating Expense.
  • 3.
    Team Anthony J.Bernardo , President & CEO 30+ years medical device experience (Inverness Medical innovations) Various senior management positions (M&A, GM, Operations, R&D, Business Development) with private and public companies BSEE/MSEE – Northeastern University (1974/1977) MBA – Boston College (1984) Mitchell C. Sanders , Executive VP & Founder 11 + years R&D and Business Development experience ($7M) BA Biology w Minor in Latin Literature – Boston University (1986) MS Biology /Ph.D. Biomedical Sciences – WPI (1988/1992) Two postdoctoral fellowships – MIT Whitehead Institute (1992-1997) Duane L. James , CFO 25 years progressive experience in accounting, finance, treasury and management for private and public multi-national companies (Inverness Medical innovations) BS Management/Finance – University of Massachusetts (1981) MBA – Rivier College (1995)
  • 4.
    Market Size AdvancedWound Care is a $2.8 B Industry ECI’s Market Opportunity ($840M) 14M Chronic Wounds Treated Annually Each patient is checked 8-10 x for infection Biopsy Visual exam only Swab 35% 53% 12%
  • 5.
    Unmet Need Woundsneed to be tested for bacterial load before treatment Most patients are seen in 15 min (outpatient clinics) Visual Assessment Methods Inaccurate Current methods take 2-3 days to get results
  • 6.
    Value Proposition Ourtest takes 10 minutes Low cost ($15 vs $75/225) Better treatment and faster healing outcomes Sen= 95% Spec = 90%
  • 7.
    Second Product OpportunityInexpensive, and safe enough for band-aids Sensor turns blue when infection is likely Featured on Medical Breakthroughs
  • 8.
    Proof of ConceptECI Detects >98% of wound pathogens at 10 6 CFU/ml. Wound Healing Society mandates treatment at this level.
  • 9.
    Competition ExpressDetect ® Antibody Visual Signs Culture Real Time    X Specificity   X  Inexpensive  X  X Broad Spectrum  X   Active Detection  X ? 
  • 10.
    Intellectual Property StrongIP with 18 patent families issuing world-wide Additional design patents in preparation
  • 11.
    Current Funding CorporateDevelopment Funding (Current $0.3M) SBIR Grants Project Awarded Yeast Diagnostic $200,870 PoC Wound Diagnostic, Phase I $208,311 Therapeutic Agent for Periodontal Disease, years 1+2 $242,072 PoC Wound Diagnostic, Phase II $949,000 Project Pending Detecting Trauma Induced Wound Infections (DoD) $3,200,000 Yeast Diagnostic Phase II $1,000,000
  • 12.
    Revenue Chronic WoundOpportunity for ECI = $840 Million 14M wounds; 4 tests/wound; $15/test 2008 2009 2010 2011 2012 Revenue (000) 793 515 2,453 12,691 23,859 EBITDA (1,049) (2,056) (1,412) 4,474 12,339 Pretax/Net Income (1,223) (2,693) (1,706) 4,015 9,146
  • 13.
  • 14.
    Timeline Financing: Q4-2008Strategic partner relationships negotiated: Wound care PoC Q1-2009 Wound Dressing Q3-2009 Product Timing: PoC Wound Infection Diagnostic: Functional prototype: Q1-2009 Regulatory submission (FDA/CE): Q1-2010 Launch (USA or Europe): Q3-2010 Wound Dressing Diagnostic: Functional prototype: Q3-2009 Regulatory submission (FDA/CE): Q3-2010 Launch (USA): Q2-2011
  • 15.
    Summary ExpressDetect ®- simple, inexpensive, rapid, & safe Large Markets ($B) Primary Products in Wound Care Pipeline (oral care & women’s health) Significant revenue >$50M and liquidity opportunity