Interviewee: Andrew Whelan
Interview Post Date: April 8, 2016
About Andrew Whelan:
Mr. Whelan is a founder of the Company and has served as the President from April 2000 – 2005. He is a seasoned business executive with a strong financial, consulting and management background. From 1993 to April 2000, Mr. Whelan served as the President of P.A. Whelan & Company, Inc., a consulting firm owned by Mr. Whelan and his wife that specialized in the health care industry. Mr. Whelan was also a founder of Drug Counters, Inc., a chain of managed care retail pharmacies, where he served as President and Chief Executive Officer from 1992 until 1993. Drug Counters was sold to Diagnostek, Inc. in 1994. From 1984 until 1992, Mr. Whelan served as Chairman of the Board of Directors and President of Physicians’ Pharmaceutical Services, Inc., a public company of which he was a founder. Physicians Pharmaceutical Services was a charter member of the Maryland Chapter of “Inc.’s Fastest Growing Companies in America.” Mr. Whelan received his B.S. in accounting from St. Peter’s College.
About BioElectronics Corp.
BioElectronics Corporation, headquartered in Frederick, Maryland, USA, is the leading company in the field on non-invasive electroceutical medical devices. The devices are used to treat acute and chronic pain as well as to promote wound healing. The BioElectronics’ technology is a pioneering advancement of pulsed shortwave therapy. Traditional pulsed shortwave therapies are clinically proven, effective, safe and have been used for decades by physicians and physiotherapists but are large devices for hospital or outpatient use. Advances in microelectronics have made it possible to deliver clinically proven pulsed shortwave therapy in a small, wearable and economical medical device. BioElectronics’ devices provide superior extended duration treatments and hospital and safe home use therapy to help self-management of pain and lower the cost of care. The devices do not produce heat or, a tingling sensation, which occurs with the use of TENS. Our products cover a wide range of markets including the ActiPatch® for Musculoskeletal Pain, Smart Insole™ for Foot Care, Allay® for Menstrual Pain, RecoveryRx® for Chronic Wounds and Postoperative Recovery and HealFast® for cats, dogs and horses.
Pain is one of the most significant health issues worldwide, negatively impacting quality of life for many millions of individuals. Today, pain is still inadequately treated, and many options, which are primarily based on pharmacological agents, have limited efficacy and cause dangerous adverse side effects. BioElectronics’ vision is to provide a safe alternative to traditional therapies with a highly effective and safe intervention for pain. We received the “2009 Wall Street Journal Technology Innovation Awards” and in 2013 the ActiPatch® Musculoskeletal Pain Therapy was a runner up in “Most Innovative New OTC Product” award from the OTC Bulletin, a leading UK-based Healthcare Marketing Publication.
We currently distribute and market our innovative medical devices to many countries around the world. We hope to introduce our technology to new markets and additional countries in the near future.
Below is a list of the Company’s accomplishments to date:
- United States Food and Drug Administration market clearance for the treatment of edema following blepharoplasty.
- Canadian market approval for relief of pain in musculoskeletal complaints and menstrual relief in both medical and over-the-counter markets.
- CE Mark (European Common Market) Certification for the medical and retail over-the-counter markets.
- ISO Certification
- Sold over 500,000 units around the world in 55+ countries.
- A solid intellectual property portfolio covering both the product design, the pulse signature and therapies.
- A 3-year pipeline of new products for treatment of sports injuries, bone fractures, chronic injuries, chronic wounds, skin conditions, arthritis and post-operative care.
- Six published refereed medical journal studies. On-going medical research at Tufts Medical and Dental School; University of Chicago Medical School; University of British Columbia; University Hospital Ghent, Belgium; University Hospital G. Martin, Messina, Italy and University of Otago, Dunedin, New Zealand.
- Chosen as “One of 9 Medical Breakthroughs That May Change Your Life” by MedicalHeadway.com.
- Awarded the 2009 Wall Street Journal Technology Innovation medical devices runner up award.
- Cited for “Most Innovative New OTC Product” runner up award from the OTC Bulletin, a leading UK-based Healthcare Marketing Publication.