We are a specialty medical technology company committed to developing and commercializing innovative wound care and drug delivery systems based on our patented technologies.


Our mission is to improve the lives of patients the world over by delivering comprehensive solutions that optimize outcomes for the key stakeholders in our healthcare systems: patients, providers and payers.



Two Patented Technology Platforms with Numerous Applications

Wound Healing Technology: Altrazeal®

Altrazeal® is a new class of material designed to optimize the wound bed environment and accelerate healing. Produced as a sterile powder, Altrazeal® is unique in application and performance on a moist wound surface. When applied to a moist wound, the powder interacts with wound exudate and hydrates. Hydration with exudate causes the powder to aggregate irreversibly and form a moist wound dressing which conforms to the surface of a wound bed and seals the wound. 

Please click on the black button to access the Altrazeal® transforming powder dressing website:

Transmucosal Drug Delivery: OraDisc

A novel, patented, cost-effective, commercially-viable, water-erodible pharmaceutical carrier device, the multi-layered device may be applied to mucosal surfaces, and adheres immediately, delivering actives to treat specific localized diseases/disorders. OraDisc technology can deliver drugs systemically across the mucosal surface or for the release of drugs into the oral cavity. The device causes minimum discomfort, is easy to apply and capable of providing tailored erosion rates to deliver therapeutics over different time intervals.

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Vaidehi Shah, Chairman & CEO

Ms. Shah has over sixteen years of business management and investment experience. As Founder and Managing Director of Velocitas Healthcare, Ms. Shah developed a global distribution platform for small and medium sized enterprises with innovative medical devices spanning over 50 countries. She also served as Chief Executive Officer of the Daotec Group, an Austrian technology business offering communications and mobile payment services in over sixty countries. During her three years at Daotec, she led its transformation from a telecom services provider into an international, financially regulated payment service institution. 
Prior to founding Velocitas, Ms. Shah spent over a decade as an investment professional at leading financial institutions such as Goldman Sachs, The Carlyle Group, Eton Park and the World Bank where she executed public and private debt and equity investments. During this time, she also helped accelerate growth at a number of her investee companies by devising and implementing new financial and business strategies. 
Ms. Shah also serves as a Regional Director of the Harvard Healthcare Alumni Association in Austria. She received her M.B.A. from Harvard Business School and graduated summa cum laude and Phi Beta Kappa from Wellesley College, with a B.A. in Mathematics and Economics. 

Robert Mandell, Director

An industrialist at heart, Mr. Mandell has devoted his entire career to building and steering emerging enterprises to success in both the private and public sectors. After building a career as an attorney and becoming a law firm’s managing partner in Florida, Mr. Mandell chose to become a laborer in his father’s home building business, Greater Homes. He soon went on to become the Company’s Chairman and CEO, which, during its history built and sold 14,000 homes in over forty-five new communities in Central Florida. He eventually sold the company to Meritage Homes, one of the country’s largest home builders. In 2011, Mr. Mandell was appointed by President Obama to serve as the Ambassador to the Grand Duchy of Luxembourg prior to which he was appointed to become a member of the President’s Export Council which aimed to double exports in five years. As the capital campaign co-chair for United Cerebral Policy in Florida, Mr. Mandell gave and raised over $6.5mm to build a new facility now serving over 450 disabled children. In 1986, he was selected by Republican Governor Bob Martinez to chair Florida’s Environmental Regulation Commission and was subsequently appointed to the Orlando-Orange County Expressway Authority where he served as Chairman.


Mr. Mandell serves on the Board of Trustees for the Smithsonian National Museum of Natural History and on the Board of Directors of Human Rights First and the Woodrow Wilson Center. He has also served on the Board of Directors of Florida Hospital, a 2,000-bed acute care hospital that is part of the Adventist Health System, the Sanford-Burnham Institute for Medical Research, Orange Bank and the Vermont Studio Center. Mr. Mandell received his BS in Advertising and a Juris Doctor degree from the University of Florida. He is also a graduate of the OPM Executive Program at Harvard Business School.

Bradley Sacks, Director

Mr. Sacks is an investor and advisor and has been the Managing Member of Centric Capital Ventures LLC, a private investment entity, since 2009. Centric Capital has a 50% ownership position in a company that has licensed the rights to Altrazeal® for distribution in South Africa.


From 2006 until 2009, Mr. Sacks was the Managing Director, Global Head of Technology, Media, and Telecom M&A, of Bank of America Securities.


During the past five years, Mr. Sacks has served on the board of directors of Gondwana International Networks (Pty) Limited (South Africa), Care Fertility Group Limited and numerous companies that are subsidiaries of General Healthcare Group, the largest private services provider in the UK.

Anish Shah, Director, Vice President

Mr. Shah is a serial entrepreneur, with over twenty-five years of experience in senior management positions in diverse industry sectors. Throughout his career, Mr. Shah has gained a strong reputation for making unviable products viable and has amassed significant experience in all aspects of business management ranging from manufacturing to marketing in various international markets. Mr. Shah is also a co-founder and partner of Velocitas Partners, an asset management firm that invests in innovative healthcare companies. 

Prior to joining ULURU Inc., Mr. Shah served as the Director of International Expansion at SPPL Group, a generic drugs manufacturer with two manufacturing facilities with over 400 products. Under his supervision, SPPL became an international, financially regulated export institution with a sale network in over twenty countries in Africa and Latin America. Prior to that, he served in senior management capacities providing support in various functional areas to a number of other small and medium sized companies including PCI and Shreeram Group of Companies.
Mr. Shah began his career at Arthur Anderson, after receiving his BCOM from Mumbai University and participating in the CFA and ICWA programs. Mr. Shah is fluent in English, Hindi, Gujarati, and Marathi.

Oksana Tiedt, Director, Vice President of Clinical and International Affairs

Ms. Tiedt has over fifteen years of experience in global private equity, fund of funds and investment banking in diverse industries. She is a co-founder and partner of Velocitas Partners LLC, an asset management company which invests in innovative medical technologies.


Prior to founding Velocitas, Ms. Tiedt led Swift Capital’s European Private Equity Fund of Funds portfolio with over one billion dollars of assets under management. Before that, she spent seven years at Bain Capital, a global investment firm managing over $65 billion in assets. Based in their Munich and London offices, Ms. Tiedt originated and executed leveraged buyout transactions. During this time, she also served as a Director and Strategic and Financial Advisor for two private companies. Ms. Tiedt has also worked at Goldman Sachs's mergers and acquisitions group, Nissho Iwai Trading Company and at the National Defense University.
Ms. Tiedt received her MA in International Economics and International Relations with a focus on Japan Studies from the Johns Hopkins University School of Advanced International Studies (SAIS) and completed her BA in Economics and Asian Studies from Willamette University. She is fluent in German, Russian, and English. 

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4410 Beltway Drive, Addison, TX 75001, USA

T: +1 (214) 905-5145

F: +1 (214) 905-5130

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