SOURCE: Institute for Pediatric Innovation

Institute for Pediatric Innovation

February 17, 2009 09:00 ET

Institute for Pediatric Innovation (IPI) Expands Consortium of Leading Children's Hospitals With Addition of Two Nationally Recognized Pediatric Institutions

The Children's Hospital, Denver and Children's Hospital of Wisconsin Join Collaborative Group

CAMBRIDGE, MA--(Marketwire - February 17, 2009) - The Institute for Pediatric Innovation (IPI), Inc., a nonprofit focused on transforming unmet needs for pediatric care into product opportunities for industry, today announced the expansion of its Consortium of Pediatric Hospitals -- a group of highly regarded children's hospitals that collaborates with the Institute in its mission.

The Children's Hospital, Denver (Aurora, CO), and Children's Hospital of Wisconsin (Milwaukee), recently became members of the Consortium, joining three founding Consortium members: University Hospitals Rainbow Babies and Children's Hospital (Cleveland, OH), Lucile Packard Children's Hospital at Stanford (Palo Alto, CA), and Children's Mercy Hospitals and Clinics (Kansas City, MO). All five hospitals are widely regarded as innovators in the field of pediatric care.

IPI seeks to transform pediatric healthcare from a neglected orphaned market to a magnet for industry and investor interest. IPI's Consortium of Pediatric Hospitals is helping to identify the medical products that are most needed to improve the care of children. Clinicians from the Consortium hospitals help to identify issues, set priorities, and specify and test products.

"Since the formation of our Consortium in 2007, we've made significant strides in defining urgent needs for drugs and devices for clinical care of children, and initiating development of these products," said Donald Lombardi, CEO of IPI. "We are pleased to expand the Consortium with these prestigious pediatric hospitals, which provide invaluable data about the real-world medical needs of children and contribute to our enormous base of resources for pediatric innovation."

"We are always evaluating new methods and partnerships to advance the frontiers of pediatric care," said Dr. Jim Shmerling, D.H.A., President and CEO, The Children's Hospital, Denver. "We believe that our work with IPI will play a significant role in our efforts to deliver the highest quality, most advanced care for children."

"We know that children are not just little adults -- and that their medical treatment is unique," said Cinthia Christensen, RN, JD, Executive Vice President, Children's Hospital of Wisconsin. "The IPI consortium brings together top experts in pediatrics to facilitate advances in care that will benefit all children."

About the Institute for Pediatric Innovation (IPI)

The Institute for Pediatric Innovation is a nonprofit organization formed to improve pediatric care by stimulating development of medical devices and drugs designed specifically for care of babies and children. Working with a Consortium of Pediatric Hospitals, IPI strives to identify the most needed products. IPI organizes public, private, nonprofit and for-profit collaborations in product innovation and licenses the resulting products to companies for commercial development. IPI is led by an experienced team of experts in licensing technology in pediatric medical care, commercializing medical technology, and marketing medical devices and pharmaceutical products. To date, IPI has received support from its consortium members along with the Ewing Marion Kauffman Foundation, Children's Medical Ventures, Inc., AGA Medical and Oxford Bioscience Partners.

Contact Information

  • Institute for Pediatric Innovation contact:
    Julia Ferrara
    Director of Operations
    Email Contact

    Press contact:
    Barbara Heffner
    CHEN PR, Inc.
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