The HomeLab device company, InnaMed, has grown its business and recently expanded their operations with a move from the Pennovation Center into the Pennovation Lab. InnaMed has grown their lab facilities to approximately 4,400 square feet and has doubled their staff in the last several months. InnaMed is one of approximately 70 companies thriving at the Pennovation Works campus, which was established to accommodate innovative companies in all stages of their formation and growth.
Formed by Penn graduates, InnaMed is a Philadelphia-based developer of HomeLab, a blood testing platform that enables access to precision medical care from the comfort and privacy of a patient’s home. As an early stage medical device company, they aim to make monitoring and analyzing blood test data fast and simple. Blood monitoring is a key component of getting the right patients on the right therapies, at the right doses, but today’s process is incredibly tedious. InnaMed’s flagship product, HomeLab® system, will enable push button blood testing in the home. Since locating to the Pennovation Center in 2020, InnaMed has experienced consistent growth, both in technology development and organizational headcount.
“Accessibility has always been a challenge with healthcare,” said InnaMed CEO, Eshwar Inapuri. “With the recent pandemic-fueled trends to do more at home, it provided InnaMed with an opportunity to expand our operations, and Pennovation Lab was the perfect fit to fulfill our needs.”
The expansion for InnaMed consists of first-generation lab and office spaces which will be utilized for manufacturing and testing, as well as workspace for the new additions to their company. The Pennovation team of developers, architects, engineers, project managers and contractors worked hard to create the right environment for InnaMed and meet a unique set of requirements as they envisioned their purpose-built lab. With this expansion, Inapuri projects that HomeLab devices will be in patients’ homes within a year.
Since 2016 when the University of Pennsylvania opened the Pennovation Center, the cornerstone of the Pennovation Works development, incubating companies born out of Philadelphia’s educational and medical institutions have been flourishing on the campus. The Lab building, Philadelphia’s premier multi-tenant lab and R&D facility, was built to further the innovation ecosystem and allow graduating companies to grow in place. The Lab building boasts 65,000 square feet of scientifically advanced wet and dry labs and office space, attracting tenants with its highly desirable location adjacent to Penn and positioned in the heart of the Pennovation Works campus. Lab tenants can combine 2,000 square-foot-modules to customize their own unique suite.
As a tenant, InnaMed has access to building amenities, which include a two-story lobby with a seating area; dedicated lounge space complete with a kitchenette; glass wash and autoclave; and facility for dry storage. Additionally, Lab building tenants have access to Pennovation Plaza, Cafe and Pennovation Works events and services.
Additional information about InnaMed is available at www.innamed.com.
