Christopher Sakezles is a scientist who has come up with a way to replace live humans and cadavers with synthetic products for education and training in the medical field. Will his company earn a deal on
Shark Tank SynDaver Labs Update
- Entrepreneurs: Christopher Sakezles
- Business: Synthetic cadavers and body parts
- Ask: $3,000,000 for 10% equity
- Result: $3,000,000 for 25% equity
- Sharks: Robert Herjavec
Christopher brought a full display of his synthetic cadavers and body parts to the tank. His company SynDaver Labs is the only company in the world that produces these products to replace live animals, cadavers and live patients for the purposes of trauma training, surgical education and medical device development. He holds 10 patents for his innovative products.
The company’s synthetic cadaver cost around $40,000, while human cadavers cost anywhere from $5,000.00 to $10,000.00. Christopher explained that his cadavers last and are reusable. One amazing feature is that practically any surgery can be performed on his product and it even feels just like live tissue.
Barbara Corcoran was the first shark to drop out, because she didn’t feel like Christopher would be a good partner. Lori Greiner and Kevin O’Leary believed this particular investment was not a safe way to get their money back in the short-term, so they also dropped out. Robert Herjavec was interested and offered $3 million in exchange for 35% equity, but Christopher said he couldn’t give away that much of the business.
Mark Cuban felt that investing would bring too much risk, so he dropped out. Robert countered his own offer with 25% equity and Christopher accepted! What happened next for his company? Keep reading our SynDaver Labs update to find out!
We have good news to report in our SynDaver Labs update. The company is still in business and continues to earn more than $10 million in gross revenue every single year. SynDaver Labs is apparently considering the idea of becoming a publicly traded company in the near future as well. Products are available on the SynDaver Labs website.
Would you like to learn about the other companies featured on Season 6 Episode 28? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 6 Products Page!
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!