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Gloria Kolb, Co-Founder of Elidah - Device to treat urinary incontinence in women
Manage episode 364780195 series 2519822
With minimal funding, Gloria Kolb and her husband Eric Kolb have created a device to treat urinary incontinence that has received a coveted clearance from the FDA. Elidah, their startup, expects to exceed $3 million in DTC sales this year. I really enjoyed this story of a couple bootstrapping a promising business together.
Highlight:
- · Sal Daher, CFA Introduces Gloria Kolb, Co-Founder of Elidah
- · Elidah Is Solving Urinary Incontinence in Women – Device Induces Kegel Exercises
- · Just Got FDA Clearance for Overactive Bladder
- · “She only needs to wear it for 20 minutes a day, and then it turns off automatically.”
- · Differentiation from Other Devices: FDA Cleared for Incontinence
- · Randomized Control Trial Result: 75% of Women Experienced Statistically Significant Improvement
- · “It drives me crazy that women do wait so long and they don't tell anyone and they just deal with it for a long, long time. I think part of it is they don't think that there's any other good options for them.”
- · Seeking FDA Clearance for Over-the-counter Sales, Like Gelesis
- · Medicare Covers the Device
- · About 8,000 Customers Have Purchased ELITONE, Elidah’s Device
- · “You have shocked me. I'm not easily shocked. That airline magazines will not talk about urinary incontinence.”
- · “It's not quite the razor blade model. It is definitely about the treatment kit, which cost the $400.”
- · Have Built Sales of $3 MM with Just $750K in Angel Funding Plus $1.8 MM in Grants
- · “A third of women have the issues, over the age of 30, but then you go to over the age of 50 and it's 1 out of 2.”
- · “It's actually the number one issue of why people entered nursing homes. “
- · “To women out there, I just encourage them to get treated early.”
- · How You Can Help Podcasts Like Gloria’s Be Found
- · Gloria Kolb Studied Engineering at MIT & Stanford, Worked at Johnson & Johnson then Got Her MBA at Babson
- · Wife-and-Husband Founding Team
- · “...over the counter doesn't mean it's less of a product. It is a medical device, regulated product that went through all the hoops.”
310 episodes
Manage episode 364780195 series 2519822
With minimal funding, Gloria Kolb and her husband Eric Kolb have created a device to treat urinary incontinence that has received a coveted clearance from the FDA. Elidah, their startup, expects to exceed $3 million in DTC sales this year. I really enjoyed this story of a couple bootstrapping a promising business together.
Highlight:
- · Sal Daher, CFA Introduces Gloria Kolb, Co-Founder of Elidah
- · Elidah Is Solving Urinary Incontinence in Women – Device Induces Kegel Exercises
- · Just Got FDA Clearance for Overactive Bladder
- · “She only needs to wear it for 20 minutes a day, and then it turns off automatically.”
- · Differentiation from Other Devices: FDA Cleared for Incontinence
- · Randomized Control Trial Result: 75% of Women Experienced Statistically Significant Improvement
- · “It drives me crazy that women do wait so long and they don't tell anyone and they just deal with it for a long, long time. I think part of it is they don't think that there's any other good options for them.”
- · Seeking FDA Clearance for Over-the-counter Sales, Like Gelesis
- · Medicare Covers the Device
- · About 8,000 Customers Have Purchased ELITONE, Elidah’s Device
- · “You have shocked me. I'm not easily shocked. That airline magazines will not talk about urinary incontinence.”
- · “It's not quite the razor blade model. It is definitely about the treatment kit, which cost the $400.”
- · Have Built Sales of $3 MM with Just $750K in Angel Funding Plus $1.8 MM in Grants
- · “A third of women have the issues, over the age of 30, but then you go to over the age of 50 and it's 1 out of 2.”
- · “It's actually the number one issue of why people entered nursing homes. “
- · “To women out there, I just encourage them to get treated early.”
- · How You Can Help Podcasts Like Gloria’s Be Found
- · Gloria Kolb Studied Engineering at MIT & Stanford, Worked at Johnson & Johnson then Got Her MBA at Babson
- · Wife-and-Husband Founding Team
- · “...over the counter doesn't mean it's less of a product. It is a medical device, regulated product that went through all the hoops.”
310 episodes
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