Class Medical spun out from the University of Limerick to commercialise its product, the Trans-Urethral Catheter (TUC) Safety Valve. The valve prevents the recurring problem of Catheter Balloon Injury of the urethra associated with catheterisation and of which there are more than 1000 incidences annually in Ireland alone. Since spinning out, the technology has won a series of awards and accolades recognising its potential and in December 2020, Class Medical became the first company to be certified by the National Standards Authority of Ireland under rigorous new EU Medical Device Regulations (MDR). Class Medical was then awarded CE and ISO 13485 under MDR in February 2021 which positioned the company for significant growth.
The Innovation Office at the University of Limerick has been involved with the company since the outset having supported the spin-out and licensing processes at the time of company formation. The Office has facilitated shareholder agreements, supported the company in venture funding applications and negotiated ongoing collaborative research agreements between the company and university.
• ENTERPRISE IRELAND - COMMERCIALISATION FUND
"The Class Medical TUC Safety Valve makes urethral catheterisation much safer and prevents vulnerable patients from being seriously and painfully injured. We are delighted to be the first company to be certified by NSAI under the new regulations and look forward to seeing our device make a real difference for both patients and medical professionals". - Dr Hugh Flood, Consultant Urologist and CMO, Class Medical
Published:2022
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