Instead of watching big corporations profit from their ideas for new diagnostic tools, doctors and nurses at the University of Kentucky Hospital now can convert their concepts into reality.

The university has launched a for-profit company, Therix Medical, Inc., that will help create and market diagnostic tools and machines — not drugs — dreamed up by its own clinicians. It is particularly focused on those that can be developed in less than a year.

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 University of Kentucky HealthCare clinicians can now turn their ideas into products thanks to a new commercialization initiative that will be unveiled during the first annual Clinician Innovation Day from 8 a.m. to 1 p.m. Tuesday, Aug. 4, in Room 014 of the Wethington Building.

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A privately funded company to be named Therix Medical with an experienced business team will be established to work with the clinicians to develop their concepts, including prototype development, regulatory assessment, financial modeling, and intellectual property protection. The company will be responsible for launching the resulting product into the marketplace through licensing to industry or creating a start-up company.

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