- BPH Energy (BPH) has announced its investee company, Cortical Dynamics, has secured a $250,000 investment from IntuitiveX and Gentium Partners
- Cortical Dynamics is a medical device tech company developing a brain function monitor
- This technology, dubbed the ‘Brain Anaesthesia Response System’ detects the brain activity of patients under anaesthesia
- Both Intuitive X and Gentium are interested in innovative life science technologies
- Shares in BPH Energy remain flat at 0.1 cents each
BPH Energy (BPH) has announced its investee company, Cortical Dynamics, has secured a $250,000 investment from IntuitiveX and Gentium Partners.
IntuitiveX (IX) is a Seattle-based life sciences consulting firm and incubator. Its management team brings a combined wealth of 100 years experience in research and development, clinical, IP strategy, prototyping, product development and commercialisation.
Gentium is a FSS licensed asset management company based in Seoul, South Korea. It was established only two years ago by professionals with experience in financial institutions such as Morgan Stanley, Commerzbank, Bankers Trust, and more.
Generally, Gentium invests in companies with innovative technologies or that have impactful ideas for the healthcare, environment and lifestyle sectors.
IX will pour $186,657 into Cortical Dynamics and Gentium will invest $63,433.
BPH is a diversified company holding investments in biotech and resources companies. BPH holds a significant interest (26 per cent) in unlisted oil and gas exploration company Advent Energy.
It currently holds a 4.38 per cent interest in Cortical Dynamics.
Cortical is an Australian-based medical device technology company that has developed a brain function monitor called the ‘Brain Anaesthesia Response (BARM) System’.
BARM has been developed to better detect the impact of anaesthetics on brain activity.
The BARM System’s primary purpose is to assist anaesthetists and intensive care staff in making sure patients do not wake unexpectedly, as well as reducing the incidence of side effects associated with the anaesthetic.
Following the resignations of Cortical directors, David Liley and Gary Todd, Mr Charles Chang and Mr Ashley Zimpel will be joining the Cortical Dynamics board.
Charles is a board member and senior advisor of IntuitiveX and was a Managing Director at Bankers Trust Korea.
Ashley is based in Perth and has 35 years of experience in founding, investing in and establishing businesses within the financial capital markets, agri-business and fin-tech.
Shares in BPH Energy remain flat at 0.1 cents each at market close.