456 Peter DeComo Raised Over $100 Million to Develop Artificial Lungs

<p><span style="font-weight: 400;">Pete DeComo is the chairman and CEO of ALung Technologies. ALung is developing an artificial lung for patients suffering from Acute Respiratory Failure and has raised over $100 million to bring their product to market. </span></p> <p> </p> <p><span style="font-weight: 400;">ALung’s Hemolung Respiratory Assist System is a dialysis-like alternative or supplement to mechanical ventilation that works by removing carbon dioxide directly from the blood. The medical device, which has been approved for use in 35 countries outside the U.S., has proven relevant during the 2020 Pandemic. </span></p> <p> </p> <p><span style="font-weight: 400;">Prior to running ALung, Pete was the founder and CEO of Renal Solutions. Renal Solutions developed of similar product focused on kidney dialysis and was sold to Fresenius in 2007 for $200 million.</span></p> <p> </p> <p><span style="font-weight: 400;">In this conversation, Pete discusses the arduous process of getting a medical device approved by regulators, how he has raised over $140 million for his companies, and his advice for all entrepreneurs.</span></p> <p> </p> <p><a href= "https://www.goingdeepsummit.com/expand-your-mind"><em><span style= "font-weight: 400;">Sign up for a Weekly Email that will Expand Your Mind.</span></em></a></p> <p> </p> <p><strong><em>Peter DeComo’s Challenge;</em></strong> <span style= "font-weight: 400;">Dont be afraid to take some risk</span></p> <p> </p> <h1><span style="font-weight: 400;">Connect with Peter DeComo</span></h1> <p><a href= "https://www.linkedin.com/in/pete-decomo-788914/"><span style= "font-weight: 400;">Linkedin</span></a></p> <p><a href="https://www.alung.com/"><span style= "font-weight: 400;">ALung Website</span></a></p> <p><span style="font-weight: 400;">pdecomo@alung.com</span></p> <p> </p> <p><span style="font-weight: 400;">If you liked this interview, check out</span> <a href= "http://www.goingdeepwithaaron.com/podcast/forest-devices"><span style="font-weight: 400;"> episode 405 with Matt Kesing