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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$16.4M
Program Spending
94%
of total expenses go to program services
Total Contributions
$1.8M
Total Expenses
▼$14.9M
Total Assets
$16.3M
Total Liabilities
▼$4.4M
Net Assets
$11.9M
Officer Compensation
→$231.8K
Other Salaries
$6.8M
Investment Income
$251.2K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$24.2M
Awards Found
20
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of Health and Human Services | IMPROVED ADVENTITIAL RAPAMYCIN THERAPY FOR PERIPHERAL ARTERY RESTENOSIS | $4M | FY2010 | Aug 2010 – Dec 2026 |
| Department of Health and Human Services | PRECISELY SHAPED ACOUSTIC ABLATION OF TUMORS UNDER 3D ULTRASOUND IMAGE GUIDANCE | $3.3M | FY2008 | Aug 2008 – Jul 2012 |
| Department of Health and Human Services | ULTRASOUND ABLATION ON BONE CANCER UNDER CT FLUOROSCOPY | $3.1M | FY2005 | Sep 2005 – May 2014 |
| Department of Health and Human Services | IMAGE-GUIDED ULTRASOUND ABLATION FOR PRECISION TARGETING OF PROSTATE CANCER | $3M | FY2018 | Aug 2018 – Jul 2023 |
| Department of Health and Human Services | PREVENTING POST-THROMBOTIC SYNDROME AFTER DEEP VEIN THROMBOSIS WITH PERIVASCULAR ANTI-INFLAMMATORY AGENT DELIVERY - PROJECT SUMMARY POST-THROMBOTIC SYNDROME (PTS) IS A CHRONIC DEBILITATING CONDITION CHARACTERIZED BY LIMB SWELLING, DISCOMFORT, HYPERPIGMENTATION, SKIN ULCERS, AND IMPAIRED QUALITY OF LIFE. WITHIN 2 YEARS OF DEEP VEIN THROMBOSIS (DVT) TREATMENT, 50-60% OF PATIENTS WITH ILIOFEMORAL THROMBOSIS AND 30-50% OF ALL DVT PATIENTS REGARDLESS OF THROMBOSIS LOCATION EXPERIENCE PTS (1). CATHETER-BASED THERAPIES TO REMOVE THE OBSTRUCTIVE THROMBUS HAVE FARED NO BETTER IN CLINICAL TRIALS (E.G. ATTRACT, CAVENT AND CAVA) THAN ANTI-COAGULANT THERAPY ALONE IN PREVENTING PTS ONSET. IN THE NHLBI/NIH-FUNDED ATTRACT RANDOMIZED TRIAL, FOR EXAMPLE, CATHETER-BASED THROMBOLYSIS WITH OR WITHOUT THROMBECTOMY DID NOT REDUCE THE INCIDENCE OF PTS VS. CONTROL ANTICOAGULATION ALONE. IN SUBGROUP ANALYSIS, CATHETER-BASED THROMBUS REMOVAL CONFERRED REDUCED MODERATE-TO-SEVERE PTS IN MORE PROXIMAL (ILIOFEMORAL) DVT (2,3), BUT NO BENEFIT IN EITHER ILIOFEMORAL VEINS WHEN TREATMENT WAS ADMINISTERED LATER THAN 8 DAYS POST-SYMPTOM ONSET (4) NOR IN MORE DISTAL (FEMOROPOPLITEAL) DISEASE REGARDLESS OF TIMING (5). THERE REMAINS A CLEAR UNMET NEED IN THE TREATMENT OF DVT, BECAUSE CATHETER TECHNOLOGIES THAT CLEAR THE THROMBUS BURDEN DO NOTHING TO TREAT THE UNDERLYING VASCULAR INFLAMMATION THAT (A) LED TO THE DVT FORMATION IN THE FIRST PLACE, AND (B) RESULTED FROM THE THROMBUS ORGANIZATION AND RESOLUTION PROCESS. LEFT UNTREATED, INFLAMMATION LAYS DOWN A THICK COLLAGEN LAYER CAUSING FIBROTIC VEIN WALL STIFFENING, DAMAGED VENOUS VALVES, REDUCED VENOUS COMPLIANCE, AND VENOUS INSUFFICIENCY (6,7). PREVENTING THIS SCAR-LIKE PROCESS FROM DAMAGING THE VEIN AND LEADING TO PTS IS THE CENTRAL GOAL OF THIS PROJECT. IN RESPONSE TO THE INFLAMMATORY HYPOTHESIS, A FIELD OF RESEARCH HAS EMERGED TO FIGHT VENOUS INFLAMMATION AND REVERSE THE COURSE OF DVT PROGRESSION TOWARD PTS (8-13), BUT SYSTEMIC DRUG THERAPIES AIMED AT SPECIFIC INFLAMMATORY TARGETS HAVE PROVEN INEFFECTIVE (14). IT HAS NOW BEEN SHOWN THROUGH THE PHASE I RESEARCH PHASE OF THIS PROJECT THAT LOCALLY DELIVERED ANTI-INFLAMMATORY (DEXAMETHASONE) THERAPY IS AN EFFECTIVE MEANS OF BLOCKING COLLAGEN DEPOSITION AND REDUCING THROMBUS BURDEN IN A MOUSE MODEL. IN TANDEM WITH THE PHASE I STTR PRECLINICAL RESEARCH, MERCATOR MEDSYSTEMS HAS LAUNCHED AN OPEN-LABEL CLINICAL TRIAL TO DETERMINE THE EFFECT OF LOCAL DEXAMETHASONE DELIVERY TO PERIVASCULAR TISSUES SURROUNDING VEINS UNDERGOING DVT RECANALIZATION, WITH POSITIVE RESULTS IN COMPARISON TO HISTORICAL DATA FROM THE ATTRACT TRIAL. BASED ON THE PHASE I PRECLINICAL RESEARCH AND THE CLINICAL DATA TO DATE, THE PHASE II AIMS ARE PROPOSED WITH CONFIDENCE. IN THIS PHASE II SBIR PROPOSAL, WE WILL ENROLL A 60-PATIENT, DUAL-BLINDED, RANDOMIZED CONTROLLED TRIAL (SPECIFIC AIM 1) AND FOLLOW PRIMARY AND SECONDARY SAFETY AND EFFICACY SIGNALS (SPECIFIC AIM 2) IN ACUTE DVT TO DETERMINE THE ABILITY FOR PERIVENOUS DEXAMETHASONE THERAPY TO IMPROVE OUTCOMES BETWEEN THE TWO GROUPS. SUBSEQUENT PHASE 3 CLINICAL TRIALS WILL BE POWERED BASED ON THE SIGNALS SEEN IN THIS PHASE 2 TRIAL. | $2.7M | FY2021 | Sep 2021 – Aug 2026 |
| Department of Health and Human Services | IMAGE-GUIDED TRANSURETHRAL HIFU FOR GENITOURINARY THERAPY | $1.5M | FY2015 | Sep 2015 – Aug 2018 |
| Department of Health and Human Services | BRONCHO-ADVENTITIAL DRUG DELIVERY: PACLITAXEL FOR BRONCHIAL CARCINOMA | $1.4M | FY2013 | May 2013 – Aug 2016 |
| Department of Health and Human Services | MINIMALLY INVASIVE HIGH INTENSITY ULTRASOUND TREATMENT OF UTERINE FIBROIDS | $1.3M | FY2006 | Feb 2006 – Jul 2017 |
| Department of Health and Human Services | IMAGE-GUIDED TRANSURETHRAL HIFU FOR GENITOURINARY THERAPY - ABSTRACT STRESS URINARY INCONTINENCE (SUI) IN WOMEN IS AN INCREASE OF PELVIC FLOOR COMPLIANCE WHICH RESULTS IN DECREASED URETHRAL PRESSURE, TYPICALLY THROUGH CHILDBIRTH, AND PRESENTS AS URINE LEAKAGE DURING ABDOMINAL STRAIN. SUI HAS SIGNIFICANT IMPACT ON WOMEN’S HEALTH, INCLUDING AN ASSOCIATION WITH INCREASED LEVELS OF DEPRESSION. CURATIVE OPTIONS ARE LIMITED TO THE INVASIVE SURGICAL INSERTION OF A TAPE IMPLANT WHICH LIMITS THE MOBILITY OF THE URETHRA. BULKING AGENTS INJECTED IN THE PERI-URETHRAL TISSUE ARE A LONGSTANDING EFFECTIVE BUT TEMPORARY TREATMENT. PHARMACEUTICALS ARE RELATIVELY NEW, PROHIBITIVELY EXPENSIVE, AND THERE IS NO TRACK RECORD OF LONG-TERM EFFICACY AND NEGATIVE SIDE EFFECTS CAN OCCUR. APPROXIMATELY 14 MILLION WOMEN ARE RELEGATED TO THE PALLIATIVE APPROACHES OF WEARING ABSORPTIVE PADS OR DIAPERS THROUGH THE DAY. A SUBSTANTIAL CLINICAL NEED EXISTS FOR A NONINVASIVE ALTERNATIVE TO TRADITIONAL SURGICAL APPROACHES WITH THE PROMISE OF LESS MORBIDITY AND RECOVERY TIME, FASTER PROCEDURE TIME, AND LOWER COST. RECENT CLINICAL INVESTIGATIONS OF MINIMALLY-INVASIVE THERMAL TECHNIQUES HAVE DEMONSTRATED TARGETED THERMAL MODIFICATION AND STIFFENING OF PELVIC TISSUE CAN REDUCE SYMPTOMS OF SUI. THESE TECHNIQUES HAVE SHOWN PROMISE, BUT ARE MORE INVASIVE THAN THE CURRENT SURGICAL OPTIONS AND ARE LESS EFFECTIVE. OUR PHASE II DEVELOPMENT STUDY SHOWED ENCOURAGING IN VIVO RESULTS SUGGESTING THAT OUR INNOVATIVE THERAPEUTIC ULTRASOUND CATHETER BASED NONINVASIVE TECHNOLOGY CAN EFFICIENTLY DELIVER THERMAL THERAPY AT THE TARGET TISSUE OF ENDOPELVIC FASCIA WITHOUT DAMAGING SURROUNDING TISSUE (VAGINAL AND URETHAL WALL), BASED ON HISTOPATHOLOGICAL ANALYSIS, WITH DEMONSTRATED CAPABILITIES TO PROVIDE DYNAMIC SPATIAL CONTROL OF SELECTIVE HEATING PATTERNS, WELL-CONTROLLED RADIAL THERMAL PENETRATION, AND FAST TREATMENT TIMES. IN COMPARISON TO EXISTING THERMAL APPROACHES, OUR PHASE II RESULTS CLEARLY DEMONSTRATE A SIGNIFICANT ADVANCE IN TECHNOLOGY AND APPROACH FOR TREATING SUI WITH THE PROMISE OF MORE ACCURATE AND THOROUGH TARGETING OF HEAT-INDUCED COLLAGEN REGENERATION, PROTECTION OF CRITICAL NON-TARGETED TISSUE (E.G., URETHRAL AND VAGINALMUCOSA), SHORT PROCEDURE TIMES, AND THEREBY INCREASING ACCESSIBILITY TO A LARGER NUMBER OF SUI PATIENTS. THE OBJECTIVE OF THIS PHASE IIB PLAN IS TO DESIGN-FREEZE OUR THERAPY APPLICATOR DESIGN AND THEN CONDUCT A GLP IN-VIVO STUDY WITH OUR ULTRASOUND SUI CATHETER AND FDA 510(K) CLEARED THERAVISION® SYSTEM FOR DATA TO SUPPORT A FOLLOW-ON CLINICAL STUDY UNDER FDA GUIDANCE AND TO FURTHER BUILD ADDITIONAL STRONG INTELLECTUAL PROPERTY AROUND THE TECHNOLOGY. MARKET ANALYSES WILL BE CONDUCTED TO DEVELOP STRATEGIES LEADING TO COMMERCIALIZATION. DEVICE DESIGN, BENCH EXPERIMENTS, BIOTHERMAL AND ACOUSTIC MODELING, TOGETHER WITH EXPERIMENTAL TESTING IN BOTH HUMAN FEMALE PELVIS CADAVERIC STUDIES AND AN IN-VIVO GLP COMPLIANT STUDY IN EWES GU TRACT, COMBINED WITH WORKFLOW STUDY WILL BE CONDUCTED TO FREEZE DEVICE DESIGN, EXTENSIVELY CHARACTERIZE DEVICE PERFORMANCE, AND APPLIED TO POTENTIAL TREATMENT APPROACHES IN PREPARATION FOR THE ULTIMATE GOAL OF PRODUCT FINALIZATION AND CLINICAL IMPLEMENTATION. DEVICES WILL BE MANUFACTURED UNDER OUR EXISTING ISO COMPLIANT QUALITY MANAGEMENT SYSTEM. | $948K | FY2015 | Sep 2015 – Jun 2023 |
| Department of Health and Human Services | MINIMALLY INVASIVE IMAGE-GUIDED TUMOR ABLATION IN AN ONCOGENIC PIG MODEL | $492.2K | FY2016 | Apr 2016 – Mar 2018 |
| Department of Health and Human Services | CRANIALPROGRAMMER: IMAGE-GUIDED DIRECTIONAL DEEP BRAIN STIMULATION PROGRAMMING USING LOCAL-FIELD POTENTIALS | $455.7K | FY2018 | Sep 2018 – Sep 2019 |
| Department of Health and Human Services | PREVENTING POST-THROMBOTIC SYNDROME AFTER DEEP VEIN THROMBOSIS WITH PERIVASCULAR ANTI-INFLAMMATORY AGENT DELIVERY - PROJECT SUMMARY POST-THROMBOTIC SYNDROME (PTS) IS A CHRONIC DEBILITATING CONDITION CHARACTERIZED BY LIMB SWELLING AND DISCOMFORT, HYPERPIGMENTATION, SKIN ULCERS, AND IMPAIRED QUALITY OF LIFE. IT OCCURS WITHIN 2 YEARS OF DEEP VEIN THROMBOSIS (DVT) TREATMENT IN 50-60% OF PATIENTS WITH ILIOFEMORAL THROMBOSIS AND IN 30-50% OF ALL DVT PATIENTS REGARDLESS OF THROMBOSIS LOCATION (1). EVEN WITH PHARMACOLOGICAL CATHETER-DIRECTED THROMBOLYSIS (PCDT) OR CATHETER- DIRECTED THROMBECTOMY (CDT) AS USED IN THE MOST RECENT CLINICAL TRIALS (E.G. ATTRACT, CAVENT AND CAVA), THERE REMAINS A 40-50% RATE OF PTS. IN THE NHLBI/NIH-FUNDED ATTRACT RANDOMIZED TRIAL, FOR EXAMPLE, PCDT DID NOT REDUCE THE INCIDENCE OF PTS OVER 24 MONTHS, COMPARED TO CONTROL ANTICOAGULATION ALONE. IN SUBGROUP ANALYSIS, PCDT CONFERRED REDUCED MODERATE-TO-SEVERE PTS IN ILIOFEMORAL DVT (2,3), AND NO BENEFIT WHEN PCDT WAS ADMINISTERED AFTER 8 DAYS POST-SYMPTOM ONSET (4). OVERALL, THERE REMAINS A CLEAR UNMET NEED TO EXPAND THE ARMAMENTARIUM OF THERAPIES BEYOND SELECTIVE PCDT IN REDUCING THE CLINICAL AND ECONOMIC BURDEN OF PTS. POST-THROMBOTIC SYNDROME EVOLVES FROM AN INTERPLAY OF MULTIPLE FACTORS: FIBROTIC VEIN WALL STIFFENING LEADING TO DAMAGED VENOUS VALVES AND SUBSEQUENT VALVULAR REFLUX, AND CONTINUED OBSTRUCTION OF VENOUS OUTFLOW DUE TO THROMBUS PERSISTENCE, LEADING TO VENOUS HYPERTENSION. EACH OF THESE OUTCOMES CAN ARISE FROM VENOUS INFLAMMATION, WHICH IS NOW CONSIDERED A KEY IN THE PROCESS OF DETERIORATION TO PTS AFTER DVT TREATMENT (5,6). HYPOTHETICALLY, DRUGS WITH ANTI-INFLAMMATORY PROPERTIES MAY THEREFORE HAVE THE ABILITY TO PREVENT PTS (7-10). IT IS FURTHER PLAUSIBLE THAT ANTI-INFLAMMATORY THERAPY MAY BE MORE EFFICACIOUS IF DELIVERED LOCALLY, CONCOMITANTLY WITH CATHETER-DIRECTED CLEARANCE OF THROMBOSIS (E.G. PCDT/CDT). MERCATOR MEDSYSTEMS IS THE PIONEER IN LOCAL PERIVASCULAR DRUG DELIVERY, PARTICULARLY WITH ANTI-INFLAMMATORY AGENTS SUCH AS DEXAMETHASONE (A POWERFUL, INEXPENSIVE GLUCOCORTICOID). VIA THE BULLFROG® MICRO-INFUSION CATHETER PLATFORM (CURRENTLY AVAILABLE TO TREAT VESSELS OF 2-8 MM DIAMETER), MERCATOR IS DEVELOPING A DEVICE TO TREAT THE LARGER ILIOFEMORAL VEINS, WHICH WILL HAVE DIAMETER UP TO 20 MM. LOCALIZED ANTI-INFLAMMATORY AGENT DELIVERY IS PROPOSED AS A NOVEL THERAPY TO REDUCE THE PROGRESSION TO PTS AFTER DVT TREATMENT. IN THIS PHASE I STTR PROPOSAL, AIM 1 WILL INVESTIGATE THE ANTI-INFLAMMATORY CAPABILITY OF PERIVASCULAR DEXAMETHASONE DELIVERY IN A MOUSE MODEL OF DVT, AND AIM 2 WILL ENGINEER A LARGER BULLFROG® DEVICE FOR HUMAN USE IN UP TO 20 MM-DIAMETER VEINS. AFTER COMPLETION OF THIS PHASE I PROJECT, THE CENTRAL HYPOTHESIS OF LOCALLY DELIVERED ANTI-INFLAMMATORY TREATMENT OF THE VEIN WALL POST-DVT TREATMENT WILL BE INVESTIGATED IN LARGE ANIMALS AND HUMAN TRIALS IN PHASE II RESEARCH. | $299.7K | FY2021 | Sep 2021 – Jun 2023 |
| Department of Health and Human Services | MINIMALLY-INVASIVE CATHETER-BASED ULTRASOUND FOR PRECISION TUMOR ABLATION IN LUNG | $270.5K | FY2019 | Apr 2019 – Mar 2020 |
| Department of Health and Human Services | SOFT-FOCUSED HIFU TREATMENT OF COMMON PERONEAL NERVE INJURY | $230.1K | FY2018 | Sep 2018 – Sep 2019 |
| Department of Health and Human Services | ROBOTIC SYSTEM WITH MULTIPLEXED DOF CONTROL FOR MINIMALLY INVASIVE INTERVENTIONS | $220.7K | FY2012 | Jun 2012 – May 2013 |
| Department of Health and Human Services | BRONCHIO-ADVENTITIAL DRUG DELIVERY: PACLITAXEL FOR BRONCHIAL CARCINOMA | $218.1K | FY2009 | Sep 2009 – Aug 2010 |
| Department of Health and Human Services | IMPROVED ADVENTITIAL SIROLIMUS THERAPY FOR PERIPHERAL ARTERY RESTENOSIS | $217.4K | FY2010 | Aug 2010 – Jul 2011 |
| National Science Foundation | ERC-SMALL BUSINESS: ULTRASOUND-GUIDED ROBOTIC BRACHYTHERAPY NEEDLE-INSERTION SYSTEM WITH INTRAOPERATIVE RE-OPTIMIZATION | $200K | FY2013 | Feb 2013 – Jan 2016 |
| Department of Health and Human Services | INTEGRATED PHOTOACOUSTIC ULTRASOUND REAL-TIME IMAGING FOR BRACHYTHERAPY TREATMENT | $177.4K | FY2013 | Aug 2013 – Aug 2014 |
| Department of Health and Human Services | IMAGE-GUIDED HIGH-INTENSITY INTERSTITIAL ULTRASOUND FOR THERMAL ABLATION OF UTERI | $149.9K | FY2008 | Apr 2008 – Apr 2009 |
Department of Health and Human Services
$4M
IMPROVED ADVENTITIAL RAPAMYCIN THERAPY FOR PERIPHERAL ARTERY RESTENOSIS
Department of Health and Human Services
$3.3M
PRECISELY SHAPED ACOUSTIC ABLATION OF TUMORS UNDER 3D ULTRASOUND IMAGE GUIDANCE
Department of Health and Human Services
$3.1M
ULTRASOUND ABLATION ON BONE CANCER UNDER CT FLUOROSCOPY
Department of Health and Human Services
$3M
IMAGE-GUIDED ULTRASOUND ABLATION FOR PRECISION TARGETING OF PROSTATE CANCER
Department of Health and Human Services
$2.7M
PREVENTING POST-THROMBOTIC SYNDROME AFTER DEEP VEIN THROMBOSIS WITH PERIVASCULAR ANTI-INFLAMMATORY AGENT DELIVERY - PROJECT SUMMARY POST-THROMBOTIC SYNDROME (PTS) IS A CHRONIC DEBILITATING CONDITION CHARACTERIZED BY LIMB SWELLING, DISCOMFORT, HYPERPIGMENTATION, SKIN ULCERS, AND IMPAIRED QUALITY OF LIFE. WITHIN 2 YEARS OF DEEP VEIN THROMBOSIS (DVT) TREATMENT, 50-60% OF PATIENTS WITH ILIOFEMORAL THROMBOSIS AND 30-50% OF ALL DVT PATIENTS REGARDLESS OF THROMBOSIS LOCATION EXPERIENCE PTS (1). CATHETER-BASED THERAPIES TO REMOVE THE OBSTRUCTIVE THROMBUS HAVE FARED NO BETTER IN CLINICAL TRIALS (E.G. ATTRACT, CAVENT AND CAVA) THAN ANTI-COAGULANT THERAPY ALONE IN PREVENTING PTS ONSET. IN THE NHLBI/NIH-FUNDED ATTRACT RANDOMIZED TRIAL, FOR EXAMPLE, CATHETER-BASED THROMBOLYSIS WITH OR WITHOUT THROMBECTOMY DID NOT REDUCE THE INCIDENCE OF PTS VS. CONTROL ANTICOAGULATION ALONE. IN SUBGROUP ANALYSIS, CATHETER-BASED THROMBUS REMOVAL CONFERRED REDUCED MODERATE-TO-SEVERE PTS IN MORE PROXIMAL (ILIOFEMORAL) DVT (2,3), BUT NO BENEFIT IN EITHER ILIOFEMORAL VEINS WHEN TREATMENT WAS ADMINISTERED LATER THAN 8 DAYS POST-SYMPTOM ONSET (4) NOR IN MORE DISTAL (FEMOROPOPLITEAL) DISEASE REGARDLESS OF TIMING (5). THERE REMAINS A CLEAR UNMET NEED IN THE TREATMENT OF DVT, BECAUSE CATHETER TECHNOLOGIES THAT CLEAR THE THROMBUS BURDEN DO NOTHING TO TREAT THE UNDERLYING VASCULAR INFLAMMATION THAT (A) LED TO THE DVT FORMATION IN THE FIRST PLACE, AND (B) RESULTED FROM THE THROMBUS ORGANIZATION AND RESOLUTION PROCESS. LEFT UNTREATED, INFLAMMATION LAYS DOWN A THICK COLLAGEN LAYER CAUSING FIBROTIC VEIN WALL STIFFENING, DAMAGED VENOUS VALVES, REDUCED VENOUS COMPLIANCE, AND VENOUS INSUFFICIENCY (6,7). PREVENTING THIS SCAR-LIKE PROCESS FROM DAMAGING THE VEIN AND LEADING TO PTS IS THE CENTRAL GOAL OF THIS PROJECT. IN RESPONSE TO THE INFLAMMATORY HYPOTHESIS, A FIELD OF RESEARCH HAS EMERGED TO FIGHT VENOUS INFLAMMATION AND REVERSE THE COURSE OF DVT PROGRESSION TOWARD PTS (8-13), BUT SYSTEMIC DRUG THERAPIES AIMED AT SPECIFIC INFLAMMATORY TARGETS HAVE PROVEN INEFFECTIVE (14). IT HAS NOW BEEN SHOWN THROUGH THE PHASE I RESEARCH PHASE OF THIS PROJECT THAT LOCALLY DELIVERED ANTI-INFLAMMATORY (DEXAMETHASONE) THERAPY IS AN EFFECTIVE MEANS OF BLOCKING COLLAGEN DEPOSITION AND REDUCING THROMBUS BURDEN IN A MOUSE MODEL. IN TANDEM WITH THE PHASE I STTR PRECLINICAL RESEARCH, MERCATOR MEDSYSTEMS HAS LAUNCHED AN OPEN-LABEL CLINICAL TRIAL TO DETERMINE THE EFFECT OF LOCAL DEXAMETHASONE DELIVERY TO PERIVASCULAR TISSUES SURROUNDING VEINS UNDERGOING DVT RECANALIZATION, WITH POSITIVE RESULTS IN COMPARISON TO HISTORICAL DATA FROM THE ATTRACT TRIAL. BASED ON THE PHASE I PRECLINICAL RESEARCH AND THE CLINICAL DATA TO DATE, THE PHASE II AIMS ARE PROPOSED WITH CONFIDENCE. IN THIS PHASE II SBIR PROPOSAL, WE WILL ENROLL A 60-PATIENT, DUAL-BLINDED, RANDOMIZED CONTROLLED TRIAL (SPECIFIC AIM 1) AND FOLLOW PRIMARY AND SECONDARY SAFETY AND EFFICACY SIGNALS (SPECIFIC AIM 2) IN ACUTE DVT TO DETERMINE THE ABILITY FOR PERIVENOUS DEXAMETHASONE THERAPY TO IMPROVE OUTCOMES BETWEEN THE TWO GROUPS. SUBSEQUENT PHASE 3 CLINICAL TRIALS WILL BE POWERED BASED ON THE SIGNALS SEEN IN THIS PHASE 2 TRIAL.
Department of Health and Human Services
$1.5M
IMAGE-GUIDED TRANSURETHRAL HIFU FOR GENITOURINARY THERAPY
Department of Health and Human Services
$1.4M
BRONCHO-ADVENTITIAL DRUG DELIVERY: PACLITAXEL FOR BRONCHIAL CARCINOMA
Department of Health and Human Services
$1.3M
MINIMALLY INVASIVE HIGH INTENSITY ULTRASOUND TREATMENT OF UTERINE FIBROIDS
Department of Health and Human Services
$948K
IMAGE-GUIDED TRANSURETHRAL HIFU FOR GENITOURINARY THERAPY - ABSTRACT STRESS URINARY INCONTINENCE (SUI) IN WOMEN IS AN INCREASE OF PELVIC FLOOR COMPLIANCE WHICH RESULTS IN DECREASED URETHRAL PRESSURE, TYPICALLY THROUGH CHILDBIRTH, AND PRESENTS AS URINE LEAKAGE DURING ABDOMINAL STRAIN. SUI HAS SIGNIFICANT IMPACT ON WOMEN’S HEALTH, INCLUDING AN ASSOCIATION WITH INCREASED LEVELS OF DEPRESSION. CURATIVE OPTIONS ARE LIMITED TO THE INVASIVE SURGICAL INSERTION OF A TAPE IMPLANT WHICH LIMITS THE MOBILITY OF THE URETHRA. BULKING AGENTS INJECTED IN THE PERI-URETHRAL TISSUE ARE A LONGSTANDING EFFECTIVE BUT TEMPORARY TREATMENT. PHARMACEUTICALS ARE RELATIVELY NEW, PROHIBITIVELY EXPENSIVE, AND THERE IS NO TRACK RECORD OF LONG-TERM EFFICACY AND NEGATIVE SIDE EFFECTS CAN OCCUR. APPROXIMATELY 14 MILLION WOMEN ARE RELEGATED TO THE PALLIATIVE APPROACHES OF WEARING ABSORPTIVE PADS OR DIAPERS THROUGH THE DAY. A SUBSTANTIAL CLINICAL NEED EXISTS FOR A NONINVASIVE ALTERNATIVE TO TRADITIONAL SURGICAL APPROACHES WITH THE PROMISE OF LESS MORBIDITY AND RECOVERY TIME, FASTER PROCEDURE TIME, AND LOWER COST. RECENT CLINICAL INVESTIGATIONS OF MINIMALLY-INVASIVE THERMAL TECHNIQUES HAVE DEMONSTRATED TARGETED THERMAL MODIFICATION AND STIFFENING OF PELVIC TISSUE CAN REDUCE SYMPTOMS OF SUI. THESE TECHNIQUES HAVE SHOWN PROMISE, BUT ARE MORE INVASIVE THAN THE CURRENT SURGICAL OPTIONS AND ARE LESS EFFECTIVE. OUR PHASE II DEVELOPMENT STUDY SHOWED ENCOURAGING IN VIVO RESULTS SUGGESTING THAT OUR INNOVATIVE THERAPEUTIC ULTRASOUND CATHETER BASED NONINVASIVE TECHNOLOGY CAN EFFICIENTLY DELIVER THERMAL THERAPY AT THE TARGET TISSUE OF ENDOPELVIC FASCIA WITHOUT DAMAGING SURROUNDING TISSUE (VAGINAL AND URETHAL WALL), BASED ON HISTOPATHOLOGICAL ANALYSIS, WITH DEMONSTRATED CAPABILITIES TO PROVIDE DYNAMIC SPATIAL CONTROL OF SELECTIVE HEATING PATTERNS, WELL-CONTROLLED RADIAL THERMAL PENETRATION, AND FAST TREATMENT TIMES. IN COMPARISON TO EXISTING THERMAL APPROACHES, OUR PHASE II RESULTS CLEARLY DEMONSTRATE A SIGNIFICANT ADVANCE IN TECHNOLOGY AND APPROACH FOR TREATING SUI WITH THE PROMISE OF MORE ACCURATE AND THOROUGH TARGETING OF HEAT-INDUCED COLLAGEN REGENERATION, PROTECTION OF CRITICAL NON-TARGETED TISSUE (E.G., URETHRAL AND VAGINALMUCOSA), SHORT PROCEDURE TIMES, AND THEREBY INCREASING ACCESSIBILITY TO A LARGER NUMBER OF SUI PATIENTS. THE OBJECTIVE OF THIS PHASE IIB PLAN IS TO DESIGN-FREEZE OUR THERAPY APPLICATOR DESIGN AND THEN CONDUCT A GLP IN-VIVO STUDY WITH OUR ULTRASOUND SUI CATHETER AND FDA 510(K) CLEARED THERAVISION® SYSTEM FOR DATA TO SUPPORT A FOLLOW-ON CLINICAL STUDY UNDER FDA GUIDANCE AND TO FURTHER BUILD ADDITIONAL STRONG INTELLECTUAL PROPERTY AROUND THE TECHNOLOGY. MARKET ANALYSES WILL BE CONDUCTED TO DEVELOP STRATEGIES LEADING TO COMMERCIALIZATION. DEVICE DESIGN, BENCH EXPERIMENTS, BIOTHERMAL AND ACOUSTIC MODELING, TOGETHER WITH EXPERIMENTAL TESTING IN BOTH HUMAN FEMALE PELVIS CADAVERIC STUDIES AND AN IN-VIVO GLP COMPLIANT STUDY IN EWES GU TRACT, COMBINED WITH WORKFLOW STUDY WILL BE CONDUCTED TO FREEZE DEVICE DESIGN, EXTENSIVELY CHARACTERIZE DEVICE PERFORMANCE, AND APPLIED TO POTENTIAL TREATMENT APPROACHES IN PREPARATION FOR THE ULTIMATE GOAL OF PRODUCT FINALIZATION AND CLINICAL IMPLEMENTATION. DEVICES WILL BE MANUFACTURED UNDER OUR EXISTING ISO COMPLIANT QUALITY MANAGEMENT SYSTEM.
Department of Health and Human Services
$492.2K
MINIMALLY INVASIVE IMAGE-GUIDED TUMOR ABLATION IN AN ONCOGENIC PIG MODEL
Department of Health and Human Services
$455.7K
CRANIALPROGRAMMER: IMAGE-GUIDED DIRECTIONAL DEEP BRAIN STIMULATION PROGRAMMING USING LOCAL-FIELD POTENTIALS
Department of Health and Human Services
$299.7K
PREVENTING POST-THROMBOTIC SYNDROME AFTER DEEP VEIN THROMBOSIS WITH PERIVASCULAR ANTI-INFLAMMATORY AGENT DELIVERY - PROJECT SUMMARY POST-THROMBOTIC SYNDROME (PTS) IS A CHRONIC DEBILITATING CONDITION CHARACTERIZED BY LIMB SWELLING AND DISCOMFORT, HYPERPIGMENTATION, SKIN ULCERS, AND IMPAIRED QUALITY OF LIFE. IT OCCURS WITHIN 2 YEARS OF DEEP VEIN THROMBOSIS (DVT) TREATMENT IN 50-60% OF PATIENTS WITH ILIOFEMORAL THROMBOSIS AND IN 30-50% OF ALL DVT PATIENTS REGARDLESS OF THROMBOSIS LOCATION (1). EVEN WITH PHARMACOLOGICAL CATHETER-DIRECTED THROMBOLYSIS (PCDT) OR CATHETER- DIRECTED THROMBECTOMY (CDT) AS USED IN THE MOST RECENT CLINICAL TRIALS (E.G. ATTRACT, CAVENT AND CAVA), THERE REMAINS A 40-50% RATE OF PTS. IN THE NHLBI/NIH-FUNDED ATTRACT RANDOMIZED TRIAL, FOR EXAMPLE, PCDT DID NOT REDUCE THE INCIDENCE OF PTS OVER 24 MONTHS, COMPARED TO CONTROL ANTICOAGULATION ALONE. IN SUBGROUP ANALYSIS, PCDT CONFERRED REDUCED MODERATE-TO-SEVERE PTS IN ILIOFEMORAL DVT (2,3), AND NO BENEFIT WHEN PCDT WAS ADMINISTERED AFTER 8 DAYS POST-SYMPTOM ONSET (4). OVERALL, THERE REMAINS A CLEAR UNMET NEED TO EXPAND THE ARMAMENTARIUM OF THERAPIES BEYOND SELECTIVE PCDT IN REDUCING THE CLINICAL AND ECONOMIC BURDEN OF PTS. POST-THROMBOTIC SYNDROME EVOLVES FROM AN INTERPLAY OF MULTIPLE FACTORS: FIBROTIC VEIN WALL STIFFENING LEADING TO DAMAGED VENOUS VALVES AND SUBSEQUENT VALVULAR REFLUX, AND CONTINUED OBSTRUCTION OF VENOUS OUTFLOW DUE TO THROMBUS PERSISTENCE, LEADING TO VENOUS HYPERTENSION. EACH OF THESE OUTCOMES CAN ARISE FROM VENOUS INFLAMMATION, WHICH IS NOW CONSIDERED A KEY IN THE PROCESS OF DETERIORATION TO PTS AFTER DVT TREATMENT (5,6). HYPOTHETICALLY, DRUGS WITH ANTI-INFLAMMATORY PROPERTIES MAY THEREFORE HAVE THE ABILITY TO PREVENT PTS (7-10). IT IS FURTHER PLAUSIBLE THAT ANTI-INFLAMMATORY THERAPY MAY BE MORE EFFICACIOUS IF DELIVERED LOCALLY, CONCOMITANTLY WITH CATHETER-DIRECTED CLEARANCE OF THROMBOSIS (E.G. PCDT/CDT). MERCATOR MEDSYSTEMS IS THE PIONEER IN LOCAL PERIVASCULAR DRUG DELIVERY, PARTICULARLY WITH ANTI-INFLAMMATORY AGENTS SUCH AS DEXAMETHASONE (A POWERFUL, INEXPENSIVE GLUCOCORTICOID). VIA THE BULLFROG® MICRO-INFUSION CATHETER PLATFORM (CURRENTLY AVAILABLE TO TREAT VESSELS OF 2-8 MM DIAMETER), MERCATOR IS DEVELOPING A DEVICE TO TREAT THE LARGER ILIOFEMORAL VEINS, WHICH WILL HAVE DIAMETER UP TO 20 MM. LOCALIZED ANTI-INFLAMMATORY AGENT DELIVERY IS PROPOSED AS A NOVEL THERAPY TO REDUCE THE PROGRESSION TO PTS AFTER DVT TREATMENT. IN THIS PHASE I STTR PROPOSAL, AIM 1 WILL INVESTIGATE THE ANTI-INFLAMMATORY CAPABILITY OF PERIVASCULAR DEXAMETHASONE DELIVERY IN A MOUSE MODEL OF DVT, AND AIM 2 WILL ENGINEER A LARGER BULLFROG® DEVICE FOR HUMAN USE IN UP TO 20 MM-DIAMETER VEINS. AFTER COMPLETION OF THIS PHASE I PROJECT, THE CENTRAL HYPOTHESIS OF LOCALLY DELIVERED ANTI-INFLAMMATORY TREATMENT OF THE VEIN WALL POST-DVT TREATMENT WILL BE INVESTIGATED IN LARGE ANIMALS AND HUMAN TRIALS IN PHASE II RESEARCH.
Department of Health and Human Services
$270.5K
MINIMALLY-INVASIVE CATHETER-BASED ULTRASOUND FOR PRECISION TUMOR ABLATION IN LUNG
Department of Health and Human Services
$230.1K
SOFT-FOCUSED HIFU TREATMENT OF COMMON PERONEAL NERVE INJURY
Department of Health and Human Services
$220.7K
ROBOTIC SYSTEM WITH MULTIPLEXED DOF CONTROL FOR MINIMALLY INVASIVE INTERVENTIONS
Department of Health and Human Services
$218.1K
BRONCHIO-ADVENTITIAL DRUG DELIVERY: PACLITAXEL FOR BRONCHIAL CARCINOMA
Department of Health and Human Services
$217.4K
IMPROVED ADVENTITIAL SIROLIMUS THERAPY FOR PERIPHERAL ARTERY RESTENOSIS
National Science Foundation
$200K
ERC-SMALL BUSINESS: ULTRASOUND-GUIDED ROBOTIC BRACHYTHERAPY NEEDLE-INSERTION SYSTEM WITH INTRAOPERATIVE RE-OPTIMIZATION
Department of Health and Human Services
$177.4K
INTEGRATED PHOTOACOUSTIC ULTRASOUND REAL-TIME IMAGING FOR BRACHYTHERAPY TREATMENT
Department of Health and Human Services
$149.9K
IMAGE-GUIDED HIGH-INTENSITY INTERSTITIAL ULTRASOUND FOR THERMAL ABLATION OF UTERI
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2025 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $16.4M | $1.8M | $14.9M | $16.3M | $11.9M |
| 2023 | $14.9M | $2.2M | $13.9M | $15.4M | $8.8M |
| 2022 | $13.7M | $1.7M | $12.2M | $8.3M | $7.8M |
| 2021 | $11.9M | $787.7K | $11.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Dara Ware Allen | CEO & Principal | 40 | $194K | $0 | $11.4K | $205.4K |
| Susan Gratton | Secretary | 2 | $0 | $0 | $0 | $0 |
| Cynthia Tananis | Vice President | 2 | $0 | $0 | $0 | $0 |
| Onyeka Egbuna | Treasurer | 2 | $0 | $0 | $0 | $0 |
| Gerry Dudley | President | 2 | $0 | $0 | $0 | $0 |
Dara Ware Allen
CEO & Principal
$205.4K
Hrs/Wk
40
Compensation
$194K
Related Orgs
$0
Other
$11.4K
Susan Gratton
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Cynthia Tananis
Vice President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Onyeka Egbuna
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gerry Dudley
President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Angela Welch | Assistant Principal | 40 | $131.9K | $0 | $59.2K | $191.1K |
| Tiana Delarosa | Assistant Principal | 40 | $124.1K | $0 | $46.5K | $170.6K |
| Alesha Platt | Assistant Principal | 40 | $111.1K | $0 | $47.4K | $158.5K |
| Joshua Hanna | Director Of Special Educat | 40 | $110.1K | $0 | $35.2K | $145.2K |
| Kelly Turk | Assistant Principal | 40 | $106.4K | $0 | $32.1K | $138.6K |
Angela Welch
Assistant Principal
$191.1K
Hrs/Wk
40
Compensation
$131.9K
Related Orgs
$0
Other
$59.2K
Tiana Delarosa
Assistant Principal
$170.6K
Hrs/Wk
40
Compensation
$124.1K
Related Orgs
$0
Other
$46.5K
Alesha Platt
Assistant Principal
$158.5K
Hrs/Wk
40
Compensation
$111.1K
Related Orgs
$0
Other
$47.4K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alan Shuckrow | Solictor | 2 | $0 | $0 | $0 | $0 |
| Dr Carol Wooten | Board Member | 2 | $0 | $0 | $0 | $0 |
| James Doyle | Board Member | 2 | $0 | $0 | $0 | $0 |
| Jordan Strassburger | Solictor | 2 | $0 | $0 | $0 | $0 |
| Tammy Spencer Bey | Board Member | 2 | $0 | $0 | $0 | $0 |
| Tom Ralston | Board Member |
Alan Shuckrow
Solictor
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr Carol Wooten
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
James Doyle
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $6.6M |
| $6.2M |
| 2020 | $12.3M | $771.1K | $11.7M | $6.1M | $5.6M |
| 2019 | $12M | $759.3K | $11.7M | $5.4M | $5M |
| 2018 | $10.5M | $685.5K | $11.4M | $5M | $4.6M |
| 2017 | $11.2M | $835.3K | $10.9M | $5.8M | $5.5M |
| 2016 | $10.6M | $669.3K | $10.7M | $5.6M | $5.3M |
| 2015 | $10.5M | $927.1K | $10.4M | $5.7M | $5.3M |
| 2014 | $10.1M | $1.1M | $10.2M | $5.6M | $5.2M |
| 2013 | $9.8M | $962.2K | $10M | $5.8M | $5.3M |
| 2012 | $10.5M | $1.6M | $9.3M | $6M | $5.5M |
| 2022 | 990 | Data |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
Joshua Hanna
Director Of Special Educat
$145.2K
Hrs/Wk
40
Compensation
$110.1K
Related Orgs
$0
Other
$35.2K
Kelly Turk
Assistant Principal
$138.6K
Hrs/Wk
40
Compensation
$106.4K
Related Orgs
$0
Other
$32.1K
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
Jordan Strassburger
Solictor
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Tammy Spencer Bey
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Tom Ralston
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0