AorTech's Staying Power
This article was originally published in Start Up
Executive Summary
With its flagship product, a polyurethane-based heart valve, not yet in human trials, AorTech is in-licensing revenue-producing products, both in its core area of heart valves and in non-core critical care as well. The company hopes the strategy will give it the wherewithal to withstand a difficult financing environment and the doldrums of development.
You may also be interested in...
Jomed's Global Positioning
Over the past several years, Swiss Jomed has been one of the few small European stent companies to grow into a major cardiovascular device company. Last year's successful IPO was testimony to the company's strong sales growth. But it was two deals the company did following soon after the IPO, the acquisitions of US-based MediDyne and EndoSonics, that will test whether Jomed is ready to break out of the pack and compete on a truly global scale with medical device giants such as Guidant and Medtronic.
Heart Assist Companies Position for Longevity
Recently, all three major players in the ventricular assist device market have consolidated. In May of this year, Baxter International merged its Novacor VAD business into World Heart. Not long after, Thoratec Laboratories acquired the ThermoCardiosystems division of Thermo Electron. Each deal had a different primary motive, but the companies all share a common goal of positioning their businesses for a long and expensive development process.
Upgraded Paige Suite Gains CE-IVD and UKCA Marks
Paige’s AI has obtained CE-IVD and UKCA marks, allowing the launch of a breakthrough product that can spot biomarkers from images.