Business Publication #2 Denver Post

http://www.denverpost.com/technology/ci_13362212

This article reported on the Rocky Mountain Life Science Investor Conference. This is an event where many smaller medical companies can come and pitch there ideas to 25 venture capitalist companies. What I found interesting about this article was, all the different ideas these companies had. One company, Beacon Biotechnology, is developing a microchip that would totally change the way medical doctors look for diseases. By pouring a drop of blood on the chip, it is able to identify up to 100 different diseases. With this piece of technology doctors would not have to worry about guessing what type of disease a patient has, it would be shown on the chip. Another idea I found interesting came from a company called BiOptix. There project is to develop a biomedical scanner that can detect various amounts of viruses and bacteria. There product can be used to find the early stages of cancer. This day in age anything we can do to give us the edge over cancer imperative. It was documented that in total the companies are looking for $150 million in financing. Each of the companies that I read about in this article were asking for, on average, $5 million in financing. This amount may seem high, but if these companies can do what they intend on doing it save a lot of lives and generate a big pay day for investors.