BioDrain Medical was formed in 2002 to create competitively priced, environmentally safe systems for the collection and disposal of bio-hazardous fluids that result from surgical procedures and post-operative care.  The founders include the product co-inventors Jeffrey Drogue and Jay Nord and the management team that consists of Mr. Nord, Lawrence Gadbaw, President & CEO, Gerald Rice, CFO & Secretary and Peter Morawetz, Board Member.  BMI is in a start-up mode employing Mr. Gadbaw and Mr. Rice and has completed no sales to date.  BMI provides the operating room (OR) with a faster, cleaner, safer and less costly method of disposing blood, saline and other body fluids during surgical procedures.  The process is less intrusive because it eliminates the fluid collection canister currently used by practically all hospitals and day surgery centers.  Existing products expose healthcare workers to blood-borne diseases because they require more handling and fluid transfer and are more costly because they utilize canisters that must be inventoried, set up, taken down and disposed of.  The Company has completed development work on its Fluid Management System (FMS) and has obtained UL approval.  Product demonstrations commenced in January 2005 with favorable responses from OR and other hospital personnel.  BMI has set up a manufacturer in Grantsburg, Wisconsin and a sales office in the same city.  The Company is also in the process of setting up a network of hospital distributors in the U.S. that will sell the FMS.  BMI has established a distributor in the UK and is developing contacts for China, Korea, Australia, Canada, Mexico and the Middle East.

Lynne Osterman is a lobbyist at Gray Plant Mooty. She represents clients on a variety of issues at the legislature, including: bioscience, commerce, transportation, and health and human services.  Previously, Lynne served as a member of the Minnesota House of Representatives. She worked on various Jobs & Economic Development committees, the Workforce Development Taskforce of the Minnesota Bioscience Council, the Governor’s Workforce Development Council, and the Minnesota Council on Black Minnesotans. She successfully carried and promoted as chief house author Governor Tim Pawlenty’s 2003 legislation to create the Bioscience Zone and continues to work closely with Minneapolis, St. Paul, Rochester and other communities and organizations to enhance Minnesota’s ability to grow the bioscience industry.  Lynne earned her Bachelor of Science in Speech/Communications from St. Cloud State University in 1986. Lynne graduated from the Institute for Organizational Management in 1996.