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US sleep therapy group ResMed has acquired Irish start-up
BiancaMed in a multi-million euro cash deal. The University
College Dublin spin-out was founded by SMF Dr Conor Hanley along
with Dr Philip de Chazal and Prof Conor Heneghan. The company
has developed a sensitive motion sensor that can detect movement
and respiration without being connected to the body and then
convert the data into measurement of sleep and breathing patterns.
A major application for such technology is in the diagnosis
of sleep apnoea - where breathing is interrupted during sleep.
Altogether, BiancaMed has raised €11 million since it was
founded in 2003 to commercialise research from UCD's School of
Electrical, Electronic and Mechanical Engineering. SMF Conor
Hanley said ResMed was particularly excited by the potential for
the technology in the area of congestive heart failure. Conor
and his co-founders will remain with the company under its new
owners, who have committed to retaining, and hopefully, adding to
its Irish presence. The company is based at UCD's NovaUCD incubator
centre.

J.C. Kyrillos,President,
ResMedand SMF Conor Hanley
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