NXT Biomedical: Solving the Incubator’s Financing Problem

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ARTICLE SUMMARY:

Former Edwards CSO and TAVR pioneer Stan Rowe is teaming up with deep-pocketed Deerfield Management to create a new innovation center that solves the problem most incubators face: finding sufficient capital to survive early development efforts.

Officially launched last September, Irvine, CA-based NXT Biomedical—the name suggests “next” as in “the next big thing” in medical device innovation—is the brainchild of Stan Rowe, former CSO for Edwards Lifesciences Corp., and the medtech team at diversified investor Deerfield Management, Steve Hochberg and Andrew ElBardissi, MD.

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