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Privi Medical

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Privi Medical - Healthcare showcase

Year Founded & Workforce

2014

21 Employees

Industry

Healthcare

Services

Hemorrhoid Treatment Device
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Privi Medical Overview

Company Headquarters: Singapore

Founded: 2014

Workforce: ~21

Company Working: Privi Medical (Privi) is an innovation-driven medical technology company turned out of the Stanford Byers Center for Biodesign and the Singapore-Stanford Biodesign programs and received support from Exploit Technologies (ETPL), the commercialization arm of the Agency for Science Technology & Research. The company developed a disposable product that provides immediate relief to people suffering from hemorrhoids. It has a drug-free product, named Instalief, which provides sufferers immediate relief without drug-related side-effects, and also improves the lives of millions of hemorrhoid sufferers globally.

Strategy

Privi Medical aims to collaborate with top prominent players in the market to increase its foothold in the hemorrhoid treatment devices market. The company uses differentiated technological platforms for research and development of its products.

Company Snapshot

21

Employees

2014

Founded

Singapore

Headquarters

SWOT Analysis

Strengths

  • Provides high-quality and cost-effective products

Weaknesses

  • Limited product portfolio
  • Limited workforce

Opportunities

  • Strategic mergers & acquisitions

Threats

  • Intense competition

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Key Developments

DateApproachDevelopment
January 2018FDA ClearancePrivi Medical received FDA clearance for its Instalief Hemorrhoids treatment device. The company is developing this product to help the sufferers of hemorrhoids manage their symptoms safely and effectively at home.

Product Offering

  • Privi Medical
    • Hemorrhoid Treatment Device

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