March 6, 2015

Technology Transfer

University Spin Game

Success is rare and slow for spinoff companies, but the potential rewards -- visibility and income - keep schools playing.

Barbara Miracle | 3/1/2008

Xhale

Richard Allen
Technology: Breath-based substance detection for medical applications. Shown in photo: Richard Allen [Photo: Jeffrey Camp]
Gainesville (UF)

Richard Allen, CEO

Richard J. Melker, professor of anesthesiology, pediatrics and biomedical engineering at the University of Florida; chief technology officer of Xhale

Donn Dennis, professor in the Departments of Anesthesiology, Psychiatry and Pharmacology & Experimental Therapeutics in the College of Medicine and director of Nanomedicine at the University of Florida; chief science officer of Xhale

Spun off: 2005

Sales: Expected to begin in 2009

Market: Pharmaceutical and diagnostic companies

Xhale’s hand-held device technology lets pharmaceutical companies conducting clinical trials determine if patients are taking the medications being tested. The company is researching a way for diabetics to check their blood glucose level by blowing into the hand-held device rather than drawing blood.

Allen teamed up with Melker and Dennis after leaving one of UF’s most successful spinoffs, Regeneration Technologies, and setting up Synogen, a firm that helps create medical technology companies. With his experience and connections, he’s raised $10 million, even though Xhale won’t make its first sales at least until 2009.

Tags: Around Florida, Education

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Sarasota Ballet at All Children's Hospital
Sarasota Ballet at All Children's Hospital

Members of the Sarasota Ballet, the Gulf Coast of Florida’s only professional ballet company, hosted a special performance for patients at All Children’s Hospital.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you think an MBA - or other advanced degree - is crucial for success in the business world?

  • Yes
  • Maybe, but only if you get that degree from a respected university
  • No

See Results

Ballot Box
Subscribe