Nobody enjoys getting shot or having their blood drawn. Kids would burn down if they went to the doctor to have a shot or blood drawn, and many adults would do it too, if they had the choice.
There is nothing fun about being needled by someone who uses a needle to poke you. It is even worse if you are a hard stick. You must try for a few attempts to get the injection right.
Buzzy was developed by pediatrician and pain researcher Dr. Amy Baxter to help people cope with all this pain.
Buzzy gives you instant distraction and natural pain relief, essentially eliminating the feeling that your needle has stuck to you.
Buzzy uses a simple combination of vibration and ice to block out the pain. I do not drink any drugs.
Buzzy does not require you to take any prescription drugs or injections. It is also completely reusable.
Buzzy uses a simple trick to make it difficult for nerves near the injection site to process pain signals. Your nerves cannot handle every impulse you send, so they try to receive the most important messages.
Buzzy uses the principles of the Gate Theory of Pain Control, vibrations, and the Descending Noxious Inhibitory Control, ice, to make your nerves do what is normal so you feel the sensation of being surrounded by ice and cold instead of feeling a sharp sting from a needle.
Buzzy has been shown to reduce pain in both adults and children.
Buzzy also increases the success rate of IV treatments by three times. Buzzy has been adopted by over 5,000 hospitals and clinics.
Buzzy received many awards in the medical and technology sectors. Buzzy does work. It really works.
Buzzy is also available in a small version for home use. Buzzy Mini is ideal for self injections, or to take with you when you go to the doctor.
Buzzy is made from tough medical grade plastic that is resistant to frequent cleanings with medical grade cleaners and meets the FDA regulations. If it is at a hospital, you can trust it will last in your home.
What Is Buzzy?
Buzzy is a vibrating bee with ice pack wings that helps relieve injection site discomfort and is particularly useful in pediatrics. There is a correlation between the motion and the chilly sensation.
Using gate control pain relief stimulates the nerves like you would pat a bump on the head or put cold water on a burn to reduce pain. It has been established, supported by science, and verified in independent clinical research.
The Buzzy4Shot is a needle-free device that makes needles and syringes less frightening. The Buzzy numbs the skin before receiving a medical shot by vibrating.
|Product||An Injection, Vaccination, IVF, or Diabetes Needles Pain Reliever With Cold Pads|
|Investment Asking For||$500,000 For 5% equity in Buzzy|
|Final Deal||No Deal|
|Episode||Season 5 Episode 18|
|Business Status||In Business|
Who Is The Founder Of Buzzy?
Amy Baxter is the founder of Buzzy.
Buzzy Before Shark Tank
She studied pain management in 2009 while working in the Emergency Department. She taught herself and other clinicians how to manage pain without drugs.
As she researched and learned more about the gate control mechanisms in the brain and the nerves, she came up with the idea for the Buzzy.
Dr. Baxter discovered that individuals are more concerned with their discomfort than physicians are.
Buzzy was an ideal tool for children who are afraid of needles, and it could also be used for a variety of different patients and scenarios.
The small business subsidies she was considering required her to establish an official business, which she did. Clinical trials have been conducted to assess the concept’s efficacy.
The small bee is now available in various versions and sizes, along with an expanding line of additional Pain Care Labs products, including VibraCool for knees, elbows, plantar fasciitis, and the vibration/hot/cold/acupuncture system utilized in the DuoTherm.
How Was The Shark Tank Pitch Of Buzzy?
Dr. Baxter enters the Shark Tank requesting an investment of $500,000 in exchange for a 5% stake inBuzzy.
Dr. Baxter demonstrates how Buzzy works and how does it help to elevate the pain after injection.
Clinical trials have been conducted on the product. This product reduces pain by 50% to 80%.
Buzzy has been used in more than 1,200 hospitals and clinics. She has several patents for the product.
Buzzy’s current year’s sales total $1 million, and the company is on target to reach $2.5 million next year. So far, 30,000 have been sold.
She employs six part-time employees but does not have any sales representatives. Despite her lack of aggressive sales efforts, she has earned a gross profit of $660,000 and a net profit of $270,000.
Kevin O’Leary points out that she is looking for an investment greater than her net profit from the previous year.
Dr. Amy cites the example of Ava the Elephant, but Barbara Corcoran replied that she ended up investing significantly more than the original transaction to bring Ava to market and that the consumer medical devices sector is extremely difficult to break into.
This strategy backfires. Barbara has previously “climbed a mountain” with Ava the Elephant and is averse to taking on another consumer medical product. She has escaped.
Kevin O’Leary is unsatisfied with the value and lack of coordination of the sales approach. Dr. Amy requires funding to scale.
She wishes to relocate Buzzy to large chain stores. Kevin O’Leary believes that shopping at a large chain store is a mistake.
According to Lori Greiner, Dr. Amy should market directly to physicians rather than to customers. She is out.
O’Leary offers $500,000 in exchange for a 20% stake. Robert Herjavec is eager to collaborate on the offer with O’Leary.
Dr. Amy says there is an excessive much of equity.
Mark Cuban offered the same amount of $500,000 for a 20% stake in Buzzy.
Barbara Corcoran warns Dr. Amy that “I am afraid to let your arrogance drive you out this door because you think you can do it all on your own.”
She is correct. The Doctor maintains her valuation and declines the offers. She exits the Tank without securing a contract with a Shark.
Final Deal: No Deal between Sharks and Buzzy.
What Happened To Buzzy After Shark Tank?
Buzzy is still available for purchase, although it appears that little has changed since Amy appeared on Shark Tank.
The price of Buzzy remains $39.99 and is available in three colors. The bee-colored Buzzy highlighted on Shark Tank has a yellow-and-black striped design; the ladybug-inspired Buzzy has black polka dots on a red background, and the basic black Buzzy has no polka dots.
Buzzy now has a “Mini” version, but the Mini model only has a one-star rating on Amazon. The standard Buzzy model is rated four stars.
On the other hand, Buzzy’s website has been redesigned and now includes a list of medical ailments or scenarios he can help.
Buzzy Shark Tank Update
Since declining Shark Tank offers, the Buzzy pain reliever has been marketed directly by Dr. Amy to families, hospitals, and clinics.
She believes that Buzzy has already been installed in approximately 5,000 hospitals and clinics.
Buzzy may be generating revenue, but it hasn’t alleviated the pain of having to advertise her own product without the backing of a Shark.
She may have spent too much time and money due to her pride and commitment to maintaining a high valuation.
Buzzy would have undoubtedly become a household name with a Shark on her side, but going it alone while maintaining a full-time medical practice limits her sales and reach.
In her book Shark Bites, she discusses her post-Tank experiences. Dr. Baxter expanded the range with Vibracool compression wraps and relaunched the company as Pain Care Labs.
Vibracool wraps are available in four styles: wrist, elbow, and ankle; knee, calf ACL, and hamstring; back, shoulder, neck, and hip; and foot. Buzzy still exists as of January 2022 and generates $5 million in revenue.
Is Buzzy Still In Business?
Buzzy is still in business as of January 2022. They have expanded its product offerings to include VibraCool Vibrational Cryotherapy and DistrACTION devices to treat knee pain, tendinitis, carpal tunnel syndrome, plantar fasciitis, along with other chronic pain conditions.
What Is the Net Worth of Buzzy?
The valuation of Buzzy was $10 million when it appeared on Shark Tank. The net worth of Buzzy is $5 million as of 2022.