With medical devices poised to be the most popular new consumer products in years, the biggest question in the market is how will they be able to scale up.
Epic Technologies Inc. and a group of venture capitalists have teamed up with two of the world’s largest medical device companies, Sensil Corp. and Novartis AG, to try to answer that question.
The venture-capital firm Kleiner Perkins Caufield & Byers and the technology company Epson have invested $300 million in Epic, according to people familiar with the deal.
The firms are building a network of medical device factories, a software development lab, and other facilities to help them scale up production of medical sensors, tools, and devices.
The new venture-backed factory will be called Epic Manufacturing and will start producing medical devices this year, said the people, who asked not to be identified discussing confidential business matters.
The factory will manufacture and ship medical devices in China, India, the United States and Europe, according the people.
The partners say they will begin selling medical devices to patients within two years.
Epic’s goal is to build an ecosystem of medical products that are “very scalable, inexpensive, and extremely reliable,” said Alex DeBartolo, a partner at Kleiner’s venture-funded venture capital arm, Kleiner Caupost.
He declined to say how much the venture capital firm expects to invest.
“We’re not selling the world a new device.
We’re building the world the next great medical device, and we have some great ideas about how to do that,” DeBbartolo said.
The other partner in the deal is Dan Fischler, a former CTO at Epson who founded the company’s consumer-electronics division.
Epic has a market capitalization of about $300 billion, according a filing with the Securities and Exchange Commission.
The companies announced their investment in May.
In January, the firms teamed up again to develop a new medical-device platform that is designed to make medical devices easier to deliver, and that could allow doctors to deliver a better diagnosis in the same day.
The partnership, which Epic describes as a “medical-device business partnership,” was a strategic one.
The business of medical-devices has long been dominated by big, established manufacturers.
The most important medical devices companies are in the pharmaceutical and medical device industries, but smaller companies such as medical-diagnostic equipment maker Epson are also working on medical-applications-focused products.
The medical-market-focused Epson recently started selling medical-detectors, and it has a software-development team that is developing the next-generation medical-tech platform.
The company also has a medical-technology lab.
Epic is one of a growing number of companies that have been experimenting with creating a medical device-making ecosystem.
In 2015, for instance, it was the first company to release a medical implant, the EpiPen, which was developed with help from the U.S. Department of Defense.
A year later, it released a medical sensor, the Neurax.
That same year, it launched the first wearable device that could read blood pressure.
Last year, the company unveiled its first health-care device, the Thermostat, which it uses to measure heart rate and blood pressure and sends to a health-insurance company.
Last month, it rolled out the first medical-computer-enabled device, called a Neuroracer, which could deliver medical diagnostic information to patients.
The startup is a pioneer in the field of medical computing.
The devices that Epic is working on are small enough that they can be shipped anywhere in the world.
The EpiPens, for example, have a diameter of about 3 millimeters and weigh less than 1 gram.
That is about a quarter of a millimeter smaller than the size of a human hair.
The sensor is a 3-D printed circuit board that is about 3mm thick and about the size and shape of a tennis ball.
The chip in the chip is a flexible sensor that can measure a person’s heart rate, blood pressure, oxygen levels, and many other variables.
That chip is embedded in the Epiduo device, which can be worn on the wrist or worn under a mask.
The Neurayrs, which are about 1 millimeter in diameter, have two electrodes that emit a laser.
The laser can detect when a sensor is in contact with blood, oxygen or tissue.
The device can measure the electrical activity of the cells, which is a measure of the activity of cells.
The sensors can measure heart, oxygen and blood levels as well as a person the sensors are attached to.
The technology is not just for diagnosing disease or testing the health of people.
It can help track the progression of diseases, and also give doctors a way to track people’s health from a few days to several years.
That could help