Andrew Barofsky, J.D., MBA, launched and leads RevMedx, a growing biotech firm in North Wilsonville focused on trauma care and hemorrhage control solutions. RevMedx develops products called X-STATâ, Parabelt, XGauze, Airwrap, and others. “Saving lives is our mission” stands as their business motto.
Barofsky is the outgoing Board Chair of the Oregon Bioscience Incubator at the Oregon Translational Research and Development Institute; he has also served on the Board of Oregon Bio. We reached out to him to talk about RevMedx’s growth and his perspective on the regional sector. Here is his take.
Q: How does RevMedx fit into Oregon’s biotech and life science ecosystem?
A: RevMedx has called Oregon home since its founding in 2009. Nearly all of our team was recruited locally and have been active participants in the local life science community. Over the years we have benefitted from collaborations with Providence Health & Services, Oregon Health & Science University and Legacy Health. Several members of our leadership team have taught workforce training classes and served on the boards of the Oregon Bioscience Association and Oregon Bioscience Incubator.
Q: What are some examples of how RevMedx innovates?
A: We are adapting our core XSTATâ technology that was first developed to stop bleeding from gunshot wounds to address postpartum hemorrhage, the leading cause of maternal mortality. We completed a successful first clinical trial in Africa in June and are working to accelerate regulatory clearance and commercialization of this lifesaving capability.
Q: What does Oregon bio-ecosystem need more of? Less?
A: We need more commercial success stories. Success attracts money and talent. Whether from existing companies that launch and grow new products or services, or startups commercializing new platforms—the ecosystem will only grow when Oregon companies make a financial and clinical impact on global healthcare.
Q: What are the top three things RevMedx has learned as a med device company in Oregon?
- Persistence is key – never give up on what you believe in.
- Creating breakthrough medical technologies is a team sport. Asking for help and collaborating are a must.
- Stay true to your mission.