MILLBRAE, CA. – March 15, 2016 – Luma Therapeutics, Inc., a digital health company focused on the development of light therapy technologies for the treatment of inflammatory skin disorders, announced the winning of a business plan competition among top innovators at the 2nd Annual Dermatology Entrepreneurship Conference on March 3rd, 2016. The competition received over 30 applications and the veteran panel of judges chose 4 finalists who presented in a “shark tank” format.
Luma Therapeutics CEO Evan Anderson, a psoriasis patient and a medical device developer, started the company with the goal of bringing more effective therapies to the 40 million people in the US with inflammatory skin disorders. Luma’s first product is a patent-protected system that combines ultraviolet light therapy controlled by a smart phone app and occlusive coal tar patches to treat psoriasis quickly and provide extended plaque remission.
With traditional methods, treating psoriasis through multiple modalities is usually effective but also time-consuming, cumbersome and expensive. The Luma Therapeutics System is designed to make this type of treatment easy, fast and administered in the comfort of a patient’s home.
Jeffrey Sugarman MD, PhD, a dermatologist in Santa Rosa, CA and Luma’s Chief Medical Officer said, “I have many patients who have tried different topical psoriasis therapies with disappointing results. Luma receiving the top prize at the Dermatology Entrepreneurship Conference is an important step towards commercialization and ultimately providing psoriasis sufferers with much needed effective, affordable and convenient therapy.”
“Winning the Dermatology Shark Tank against such strong competition and with experienced judges validates the promising therapy that Luma is bringing to millions of skin disease sufferers,” Mr. Anderson said.
Development of the Luma Therapeutics first commercial product is in progress and enrollment in the next clinical trial is expected to begin over the next few months.
About Luma Therapeutics
Luma Therapeutics, Inc. is a digital health medical device company based in Millbrae, CA. Founded in 2013, Luma Therapeutics is developing light therapy systems to improve inflammatory skin disease.
Luma Therapeutics, Inc. (www.lumatherapeutics.com)
10 Rollins Rd, Suite 120, Millbrae, CA 94030
650-260-8245 – firstname.lastname@example.org
For more information about the Dermatology Entrepreneurship Conference, visit www.dermsummit.com/2016/dec/