An investor syndicate has provided $3 million in funding to Oklahoma City's AliveCor Inc., which has developed a device that will turn any smartphone into a clinical-quality heart monitor.
AliveCor plans to launch its product later this year, at which point medical professionals and patients can purchase the electrocardiogram recorder much more cheaply than current similar offerings. It's expected to retail for less than $100.
The AliveCor device is a slim case that fits over a smartphone, and can be used anywhere wireless coverage is available.
Low-power electrodes on the case are pressed against the fingers or chest of a person to display electrical activity of the heart.
It can be used to detect a heart blockage or unstable heartbeat, or to monitor heart rate during exercise or stress-reduction techniques.
The device gained widespread attention after AliveCor co-founder Dr. David Albert uploaded a demonstration of the tool on YouTube, and then garnered more interest at the Consumer Electronics Show.
“AliveCor looks forward to taking our innovations to all parts of the world for physicians, emergency first responders and patients alike,” Albert said.
Albert, the son of former U.S. Speaker of the House Carl Albert, also started Oklahoma City-based Lifetone Technology, which makes bedside fire alarms for the hearing-impaired and those who are hard to wake.
After completing its clinical trials at the OU Health Sciences Center and receiving Food and Drug Administration clearance, AliveCor will begin manufacturing both an iPhone electrocardiogram case and a credit-card-sized iCard electrocardiogram device.