People In Brief
This article was originally published in The Gray Sheet
Executive Summary
Rita Medical: Fremont, Calif. company engages executive search firm Stuart Spencer to assist in recruiting new CFO to replace outgoing exec Donald Stewart, who plans to resign as soon as a suitable substitute is found. Stewart served as Rita's interim CEO during 2003 and was a senior member of the firm's integration team during its merger with Horizon Medical Products last year (1"The Gray Sheet" May 17, 2004, p. 21). Rita sells radiofrequency ablation systems using disposable needles under the Starburst brand and vascular access devices including the Vortex ports...
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People In Brief
NovoStent gets new CEO: Ray Martin, PhD, will replace the firm's founder and primary inventor, Michael Hogendijk, as President & CEO. Hogendijk will continue as chief technical officer. Martin was most recently VP-business development of TriVascular, which was acquired by Boston Scientific in April. He also has held executive positions at Bard and W.L. Gore, where he co-invented the Gore Viabahn and Hemobahn stent grafts. NovoStent recently raised $3.1 mil. for its first human trial evaluating its self-expanding helical stent in the superficial femoral artery, scheduled to start in 2006 (1"The Gray Sheet" Sept. 5, 2005, p. 14)...
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