The Baltimore Business Journal reports that the Abell Foundation has invested in medical device company Awarables Inc.
The Abell Foundation Inc. has invested $500,000 in Awarables Inc., a Baltimore-based medical device company that aims to improve people’s quality of sleep through in-home testing and treatment.
“Baltimore has long been known for cutting edge medical research and innovation,” said Abell Foundation President Robert C. Embry Jr. “Companies like Awarables show it’s possible to bring that research to the market, support job growth in the city, and potentially improve the quality of life for millions of people.”
Nearly 70 million Americans suffer from poor sleep, which can impact health and well-being. Thirty million Americans suffer from chronic insomnia and 18 million live with sleep apnea, a disorder which causes a person’s breathing to start and stop during sleep. In search of remedies, Americans make about two million visits to sleep labs each year.