With a new CEO at the reins and its first customer on board, Indianapolis medical device startup SonarMed is focused on expanding sales of its endotracheal tube monitoring device, miniaturizing the device for use in newborns and raising $1 million. When MedCity News first covered SonarMed in the summer of 2010, former CEO Andy Cothrel was anticipating a fourth-quarter launch of the AirWave device. Then a press release the following March indicated the launch had been pushed back to sometime in 2011. But new CEO Tom Bumgardner was happy to report that the company secured its first customer for the device in March and will be launching it into a group of surgical centers in Houston soon.
