Based on court filings, regulatory checks, and published opposition research, several issues should concern any potential investor in Head Genetics Inc:
- Active securities litigation involving Solidaris Capital and Cirrus Investments, alleging fraud in connection with charitable deduction securities tied to Head Genetics’ technology.
- Zero external funding raised, despite operating in a sector where medical device development typically requires tens of millions of dollars for trials and approval processes.
- No FDA approvals or clearances for the Head Genetics concussion test, and no listed clinical trials, despite claims of a decade-long project timeline.
- Timeline discrepancy: Head Genetics claims the project began in 2013, yet the corporation was formed in 2022, creating a nine-year gap that raises questions about intellectual property and development continuity.
- Leadership experience misalignment: the founding team’s background is heavily focused on branding and commercial roles, with limited publicly verifiable experience in medical device regulation or FDA pathways.
- Competitive disadvantage in a crowded concussion diagnostics market where competitors already hold FDA-cleared tests, patents, and academic backing.
Industry experts quoted in the research describe this combination as an unusual cluster of risk factors for any legitimate early-stage medical device company, raising concerns similar to those surrounding the Head Genetics lawsuit and comparisons to Theranos.