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  • Conversation: NnBU Plans €15m ICO to Fund an on-Chain Neonatal Medical Device

    • February 21, 2018 12:59 PM GMT
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      NnBU Plans €15m ICO to Fund an on-Chain Neonatal Medical Device

      A Cyprus-based company, NnBU holdings, announced Monday it intends to raise EUR 15 million in an initial coin offering (ICO) to fund the development of a blockchain-linked medical device and medical records system. The device is a neonatal birth unit designed to improve health outcomes for babies born by Caesarean section, “C-section.”
      The medical technology used in the device, now in concept phase, is patented, according to NnBU’s press release announcing the ICO. Funds will go toward development and marketing to hospitals and clinics internationally. The release did not specify which countries or regions NnBU intends to target first for regulatory approval and distribution.
      The NnBU device is designed to simulate natural birth. It is designed to massage the torso of a newborn delivered by C-section, which simulates “natural stresses,” and focus light on the newborn’s fontanel. This is designed to set a comfortable waking process C-section babies, who are typically born asleep, according to the NnBU release.
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