Life Recovery Systems

Life Recovery Systems

Early Stage

Rapid Emergency Body Cooling System

Rapid Emergency Body Cooling System

Overview

Raised this Round: Raised: $86,589

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/15/2018

Close Date

11/02/2018

Min. Goal
$9,990
Max. Goal
$107,000
Min. Investment

$498

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$9.57

Pre-Money Valuation

$21,391,390

Year Founded

2002

Industry

Healthcare & Pharmaceuticals

Tech Sector

Location

Alexandria, Louisiana

Life Recovery Systems has created a device that’s truly living up to their name. Called the ThermoSuit System, it helps save patients from brain damage, or even death, when they are overheating. The device is noninvasive, nurse-deployable, and brings the patient’s body temperature down to healthy levels in 30 minutes or less. About 2,000 patients have been treated with the ThermoSuit system, and studies show that using the device provided a shortened hospital stay and a reduced cost of care for patients. So far, Life Recovery Systems has raised $13 million in angel funding and garnered $1.3 million in National Institute of Health grants. With this campaign, they plan to fund additional clinical studies, develop ThermoSuits for children and very large patients, and expand ThermoSuit’s usage overall.
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Life Recovery Systems on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,391,390
Price per Share: $9.57

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