Is my mole cancerous? Health-tech startup developing hand-held device to evaluate risk

October 11, 2017 by Nancy Dahlberg, Miami Herald

Chances are you have looked at a mole or irregularity on your skin and thought that maybe you should see a doctor about it. And, chances are, you didn't.

Yet, there are more new cases of skin cancer every year than the combined incidences of cancers of the breast, prostate, lung and colon, according to the American Cancer Society. And one person in the U.S. dies every 52 minutes of melanoma, the most-deadly form of skin cancer, which can afflict any age group, gender or race.

DermaSensor, a Miami-based health-technology startup, has been quietly developing a hand-held device that uses artificial intelligence to help users evaluate skin lesions for cancer. The device, undergoing clinical trials, would allow physicians and eventually consumers to perform simple skin checks in physician offices and patient homes at the first sign of a potential problem.

DermaSensor recently completed a $2 million financing deal, comprised primarily of South Florida and New York angel investors with and finance expertise. This financing round brings the company's total funds that have been raised to $4.45 million. The company is now raising a Series A financing round to further grow its team and fund continued product development, clinical development and commercial efforts.

"We are excited about this novel spectroscopy technology and its potential to transform care and save lives around the world," said Cody Simmons, CEO of DermaSensor.

The company's recent clinical developments spring from the rapidly growing medical device and health-tech industry in South Florida. The industry benefits from the region's large hospital district and access to universities and research institutes, the area's history with successful medical device and pharmaceutical companies, and access to Latin American markets. A number of companies have sprung from Mako Surgical's sale, for instance. Others are incubating at wet labs and offices at Cambridge Innovation Center, in partnership with the University of Miami. Some have benefited from the services of Startupbootcamp Miami, an accelerator for health-tech startup that focuses on eradicating healthcare disparities in the United States.

DermaSensor was founded in 2009 by healthcare investor and serial entrepreneur Dr. Maurice Ferre, who was previously the CEO of MAKO Surgical, which sold to Stryker for $1.65 billion. Ferre, son of the former Miami mayor, is also chairman and CEO of Insightec, a brain health company founded in Israel; co-founder of Miami-based Fastrack Institute; and on the board of Endeavor Miami, an organization that supports high-impact entrepreneurship.

"What we've learned is that this is a public health issue," Ferre said about DermaSensor's journey. "The issue is catching these things early, and what we find is not enough people go see dermatologists."

DermaSensor's patented technology was pioneered at Boston University and University College London, and the device has been undergoing development since 2011 through clinical studies and collaborations with dermatologists in Florida.

The device itself is evolving, from a 30-pound desktop system to a hand-held device that is now just a little larger than a pen.

The device itself includes the technology, which records the skin lesion and runs a machine-learning algorithm that was developed using a trove of spectroscopy data on lesions. Within seconds, the technology evaluates the risk and recommends further evaluation from a dermatologist, if necessary. Clinical validation of the prototype is underway in Florida clinics, Simmons said.

Simmons came aboard in 2016 to lead the company through its clinical trials and into commercialization. Before joining DermaSensor, Simmons led commercial efforts for a Silicon Valley mobile health device startup and held business development and commercial strategy roles at biotech company Genentech.

Christian Seale, founder of Startupbootcamp Miami, originally introduced Simmons to Ferre, a mentor and advisor for Startupbootcamp, with the idea that they might work together to build DermaSensor. Seale is a member of DermaSensor's advisory board, which also includes Dr. Stewart Davis and other Miami entrepreneurs in the healthcare and tech industries.

"The Miami ecosystem is working," Ferre said.

DermaSensor is undergoing in the United States, working toward FDA clearance, a process that can take years. DermaSensor's product will likely hit the market first in Europe, where the regulatory process is further along, Simmons said.

The ultimate goal is to be able to sell the device at an affordable price, for a few hundred dollars, Simmons said.

Once cleared by regulators, the go-to-market strategy is to sell the first to clinicians, and eventually consumers. To save lives, he said, "we want to make it very easy to use."

Explore further: Computer program using skin images could improve early detection of melanoma

Related Stories

Computer program using skin images could improve early detection of melanoma

October 1, 2015
A computer program easily run on a tablet or a smartphone that compares a spot on a patient's skin to images of both benign and malignant lesions may be a useful, noninvasive tool for physicians when deciding when to do a ...

Health officials clear part of Miami Beach Zika zone

November 22, 2016
Florida health officials have cleared part of the Miami Beach Zika transmission zone.

Med-tech startup looks to take physical, financial pain out of brow lifts

February 22, 2017
Zift Medical has a small footprint, but it's hoping to have a major impact in aesthetic medicine.

Recommended for you

Researchers decipher the genome in chronic lymphocytic leukaemia

May 23, 2018
A team of researchers from University of Barcelona (UB) and their collaborators report for the first time the complete epigenome of chronic lymphocytic leukaemia, the most common type of leukaemia. The study, published in ...

Scientists discover how breast cancer hibernates: study

May 22, 2018
Scientists have identified the mechanism that allows breast cancer cells to lie dormant in other parts of the body only to reemerge years later with lethal force, according to a study published Tuesday.

Researcher: Big data, networks identify cell signaling pathways in lung cancer

May 22, 2018
A team of scientists led by University of Montana cell biologist Mark Grimes has identified networks inside lung cancer cells that will help understand this cancer and fight it with drug treatments.

Resetting the epigenetic balance for cancer therapy

May 22, 2018
Though mutations in a gene called MLL3 are common across many types of cancers, their relationship to the development of the disease has been unclear. Now, a Northwestern Medicine study has identified an epigenetic imbalance ...

Downward-facing mouse: Stretching reduces tumor growth in mouse model of breast cancer

May 22, 2018
Many cancer patients seek out gentle, movement-based stretching techniques such as yoga, tai chi and qigong, but does stretching have an effect on cancer? While many animal studies have attempted to quantify the effects of ...

Compound in citrus oil could reduce dry mouth in head, neck cancer patients

May 21, 2018
A compound found in citrus oils could help alleviate dry mouth caused by radiation therapy in head and neck cancer patients, according to a new study by researchers at the Stanford University School of Medicine.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.