Topic: General Posts

Subject: Point-of-Care COVID and THC Diagnostic Test
Steve McMaster
Member: 2020
Posts:
Submitted on 10-12-20 12:55 pm
Message:

Good morning everyone,

I am seeking advice for a startup that I'm advising. The company has developed a saliva testing device with a 5-minute turnaround for COVID detection, with greater than 90% accuracy. This device also detects real-time THC levels in a patient's blood. It's an incredible piece of technology, and its multi-use functionality holds true to its original thesis.


The company has several LOI's for large purchase volumes, and is soon concluding its clinical trials.

What is the typical multiple, or other preferred methods, for valuing a pre-revenue company in the medical device space?

Thank you,
Steve McMaster

 
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Replies
Carolyn Griffen
Member: 2003
Posts: 1

Subject: Re:Point-of-Care COVID and THC Diagnostic Test

Submitted on 10-20-20 12:25 am.
Message:

is it a PCR or antigen test? How does it compare to the Yale and UIUC saliva test?

 
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