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Axiostat: A smart tool used in Army's surgical strike to save jawans' lives

The main component of the product is chitosan, extracted by treating the chitin shells of shrimp and other crustaceans

Leo Mavely, founder of Axio Biosolutions, with bleeding control product Axiostat
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Leo Mavely, founder of Axio Biosolutions, with bleeding control product Axiostat

Shameen Alauddin New Delhi
During the surgical strike in 2016 along the Line of Control, bleeding control product Axiostat was used to sustain the life of an Indian soldier until a helicopter transferred him to a medical facility, claims Leo Mavely, founder and chief executive officer of Axio Biosolutions.
 
Founded in 2008, Bengaluru-based Axiostat is a clinically-endorsed bandage to stop excessive blood loss. It recently raised $7.4-million in Series-B funding from Ratan Tata-backed UC-RNT Fund and existing investors Accel Partners and IDG. Last week, it received clearance from the Food and Drug Administration (FDA) to market its products in the US. The start-up also

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First Published: Mar 06 2018 | 5:45 PM IST

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