PHILADELPHIA, April 28, 2015 (GLOBE NEWSWIRE) -- Mid-Atlantic Bio Angels (MABA) announces today that AsedaSciences, Inc. (http://www.asedasciences.com), a biotechnology company specializing in novel high-throughput protein screening technology and informatics for drug development, was chosen as "Best in Show" at MABA's Philadelphia 1st Pitch Life Science event, which took place at Baker Hostetler on March 26, 2015.

Aseda has developed an unprecedented technology for phenotypic cell screening to help drug companies de-risk potential lead compounds. The company believes its technique is superior in the number of parameters it can measure, simultaneously using a highly reproducible cell model and condensing the resulting data into a simple "index" to allow early go/no go decisions.

"The 1st Pitch Life Sciences event is an invaluable opportunity for any entrepreneur, independent of industry experience. To be able to test your pitch to a committee of potential investors and hear them voice their opinion on your business model, both good and bad, is essential for any entrepreneur," said Brad Calvin, president of Aseda. "From my perspective, their constructive criticism was of most value, allowing us to fine tune our message and build objection handling into our approach. In my opinion, this event should be on every life science start up company's "to do" list."

"1^st Pitch is hands down the lifeblood of our entrepreneurial ecosystem and an incredibly fun, engaging venue that brings together a myriad cast of characters devoted solely to helping early stage start-ups deliver their perfect elevator pitch," said Heather A. Steinman, a panelist and VP of business development and executive director of technology transfer of the Wistar Institute.

About Mid Atlantic Bio Angels.

At a 1st Pitch event (http://www.1stpitchlifescience.com), early stage life sciences and healthcare companies make a 15-minute presentation to a panel of experienced life science investors and consultants, followed by a 15-minute audience Q&A. However, where actual investors would then ask the presenting company to leave the room during their subsequent discussion, presenting companies at 1^st Pitch are invited to hear the panel constructively critique the company's presentation, business model and perceived viability in the market.

About MABA

Mid Atlantic Bio Angels (http://bioangels.net) is a group of active angel investors, which meets in New York City monthly (except July and August) solely to hear from pre-screened early-stage life science companies. MABA members consist of individuals from Delaware to Massachusetts with significant expertise and experience in the biotechnology, pharmaceutical and healthcare industries, including former and current corporate executives, doctors and Ph.D. scientists with product development backgrounds, successful medical entrepreneurs and analyst/investors focused on life sciences. MABA's goal is to create an environment where the depth of investors' knowledge coupled with the pre-screening of presenting companies enhances the potential for meaningful investment.

About AsedaSciences

AsedaSciences® (http://AsedaSciences.com) provides multi-parametric, high content, high throughput phenotypic screening and protein isolation services to the pharmaceutical and biopharmaceutical industry. Our unique platform utilizes the inherent strengths of flow cytometry, automated processes and sophisticated data analysis to deliver high value information that allows for earlier and more informed decisions during the drug discovery and development process.