Microchips Biotech, Inc. is dedicated to improving the lives of patients by revolutionizing drug delivery. Our proprietary microchip-based implant can store and release precise doses of drugs at scheduled intervals for up to 16 years. The implant, which is placed under the skin by a trained physician during a simple office procedure using local anesthesia, can be wirelessly activated or deactivated by a physician or patient, without requiring removal. In addition, physicians can wirelessly modify the frequency or dose of the drug to meet the individual needs of each patient. Our commercialization strategy is focused on using our implant to deliver established and currently-approved preventative and therapeutic agents that require frequent, critical or long-term dosing. Our lead product is a microchip-based formulation of a proven hormonal contraceptive designed to provide up to 16 years of reversible birth control to meet the evolving long-term family planning needs of women. In addition, we are exploring potential applications for the microchip platform in osteoporosis, multiple sclerosis and diabetes. Microchips was co-founded by renowned MIT researchers Robert Langer, PhD and Michael J. Cima, PhD, and is funded by leading healthcare and technology venture investors including Polaris Partners, Medtronic, InterSouth, Flybridge Capital and InterWest.
View Top Employees from Microchips BiotechWebsite | https://darebioscience.com/dare-larc1/ |
Revenue | $16 million |
Funding | $57.8 million |
Employees | 17 (8 on RocketReach) |
Founded | 1999 |
Address | 128 Spring St, Ste 310, Lexington, Massachusetts 02421, US |
Phone | (781) 778-7320 |
Technologies |
Linux,
Python,
JIRA Software
+5 more
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Industry | Medical Devices, Medical Devices & Equipment, Health Care, Manufacturing, Medical Device, Therapeutics |
Web Rank | 24 Million |
Keywords | Microchips Biotech Email, Microchips |
Competitors | CREDENCE MEDSYSTEMS, INC., Coalesce Corporation, Generex Biotechnology Corporation, Nemaura Pharma Limited, Trudell Medical International (TMI) |
SIC | SIC Code 384 Companies, SIC Code 38 Companies |
NAICS | NAICS Code 334 Companies, NAICS Code 33 Companies |
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The Microchips Biotech annual revenue was $16 million in 2023.
Nicolas Pacelli is the Vice President, Alliance Management and Business Development of Microchips Biotech.
8 people are employed at Microchips Biotech.
Microchips Biotech is based in Lexington, Massachusetts.
The NAICS codes for Microchips Biotech are [334, 33].
The SIC codes for Microchips Biotech are [384, 38].