BlueTree Venture Fund, a Pittsburgh-based venture capital firm, recently invested in Alung, a developer of advanced medical devices for treating respiratory failure. Based in Pittsburgh, many of ALung’s products, including the Hemolung Respiratory Assist System (RAS), were originally developed out of the University of Pittsburgh.
ALung is an investor and innovator of new respiratory technologies. Founded in 1997 by William Federspiel, PhD and the late Brack Hattler, MD, ALung committed itself to enhancing the quality of life, improving the health, and reducing the cost of care for respiratory failure patients by developing revolutionary respiratory assistance products and services. Their aim is to create value for both their customers and their shareholders.
One of the most successful developments is the Hemolung RAS. It is the first fully integrated respiratory dialysis system. The Hemolung works to remove carbon dioxide and deliver oxygen directly into the blood of a patient, allowing their lungs to rest and heal without being intubated. The Hemolung RAS comes with easy to use features, making the machine patient friendly.
ALung has a strong partnership with the University of Pittsburgh and the McGowan Institute for Regenerative Medicine (MIRM). Dr. Federspiel continues to create new technologies to better treat respiratory failure and advance their already abundant knowledge. ALung has revolutionized its medical field and hopes to continue to do so with the help of the BlueTree Venture Fund.
To learn more about ALung, visit their website.