In taking a big product development risk,
Charlottesville-based HemoShear has found a big reward, earning the
trust of 10 major pharmaceutical, biotech and medical device companies.
The Charlottesville Business Innovation Council
recently honored HemoShear with the Rocket Award, which recognizes the
rapid commercialization of a product or technology.
Local firms Phthisis Diagnostics and WillowTree Apps also were nominated for the award.
Founded in 2008, HemoShear began commercial operations in 2009.
The company was recognized for creating a system
that accurately replicates the biology of the body’s organs and disease
processes, which in turn, enables better study of pharmaceutical and
biotechnology advancements, according to the company’s website.
HemoShear employs 25 people and is currently working
with about 10 major pharmaceutical, biotech and medical device
companies. The concept is so new and dynamic that HemoShear is
essentially the only firm so far that has been able to take that concept
from an idea to commercial viability, according to Nikki Hastings,
HemoShear’s vice president of laboratory operations. And they did it in
about five years.
“I think they really have come a long way and
they’re going to go much further. And I think they’re going to be a real
hit out of the biotech arena in Charlottesville,” said Gary Henry,
chairman of the CBIC board.
Tracey Danner, the CBIC’s interim director, agreed.
“HemoShear is an excellent example of an innovative
startup firm with technology that has the potential to add significant
value to the world’s human health care needs, while also contributing to
the health of our region’s growing tech-based ecosystem,” Danner said
by email.
Starting with a staff of five in 2008, Danner said
HemoShear is expected to grow to nearly 40 employees by the end of this
year and potentially double that in 2013.
In her capacity as vice president of laboratory
operations, Hastings oversees project workflow and efficiency. Hastings
credits HemoShear’s quick growth to the ability of the company to
provide demonstrated support for what they’re doing, thereby gaining the
confidence of major companies.
“We’ve been fortunate in being able to break into
that network,” Hastings said. “Many people are surprised that there are
30 biotech companies right here in Charlottesville, and I’ve been really
engaged in getting the word out about that and getting students excited
about what’s going on locally as a future career.”
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