TEDCO Invests in Novel Microdevices
Novel Microdevices, based in Baltimore, Md., is a woman-owned medical device company, working to revolutionize clinical diagnostics. Through this effort, the company has developed the Novel Dx device, a cost-effective, portable, rapid, and easy-to-use testing solution. The company is challenging the point-of-care antigen and molecular testing market by providing lab-level PCR test results in under 15 minutes, at the same price point as the rapid antigen test.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
Tammi Thomas, President, TEDCO, tthomas@tedcomd.com
Rachael Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@tedcomd.com