withintention
Member
- Nov 26, 2023
- 57
- Tinnitus Since
- 10/2023
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UMich has a program called Innovation Partnerships, which helps researchers take their products to market. Auricle is a part of that program.The University of Michigan invested $14M+ into the research and gave all the findings to Auricle? Auricle is looking for investors. What will the university gain? Whose money was behind the clinical trials? I don't understand how this works.
If they don't want to talk about FDA approval, OK, but why can't they say what the relationship between the University of Michigan and Auricle is, and what the mission and goals are?
I can't find a link now, but I know that one of the delays in bringing the product to market was working out the investment agreement with UMich in the resulting company, Auricle. I think this got finalized sometime last year?
Also, where did you learn that Auricle is looking for investors? At this point, I understood that they had closed all their investment rounds.