Corindus Vascular Robotics

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Corindus Vascular Robotics. Corindus Logo.jpg
Corindus Vascular Robotics.
Corindus Vascular Robotics
AMEX:  CVRS
Russell Microcap Index component

Corindus, Inc. was founded in Israel in 2002 by Rafael Beyar, an interventional cardiologist, and his student at the Technion, Tal Wenderow. The company's original goal was to use remote control and robotics to move coronary guidewires and balloon/stent catheters. [1] [2]

Corindus Vascular Robotics, Inc. (NYSE: CVRS) was later moved to the United States to be headquartered in Waltham, Massachusetts. The company's FDA-cleared CorPath® System became the first medical device that allows interventionalists to manipulate guidewires and balloon/stents from an interventional cockpit. [3]

The company went public in August 2014 and traded on the New York Stock Exchange under the ticker symbol CVRS.

Under the leadership of CEO Mark Toland and CFO David Long, the company continued to grow and received additional clearances from the FDA. Investments in the development of next generation products and expanded regulatory clearances lead to the negotiation of a potential strategic transaction. In August 2019, Siemens Healthineers publicly announced its intention to acquire Corindus for $1.1 billion. The final transaction closed in October 2019, representing one of the largest MedTech deals in 2019. [4]

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<span class="mw-page-title-main">Catheter</span> Medical tubes inserted in the body to extract or administer substances

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<span class="mw-page-title-main">Stent</span> Type of medical device

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Julio Palmaz is a doctor of vascular radiology at University of Texas Health Science Center at San Antonio. He studied at the National University of La Plata in Argentina, earning his medical degree in 1971. He then practiced vascular radiology at the San Martin University Hospital in La Plata before moving to the University of Texas Health and Science Center at San Antonio. He is known for inventing the balloon-expandable stent, for which he received a patent filed in 1985. It was recognized in Intellectual Property International Magazine as one of "Ten Patents that Changed the World" in the last century. His early stent research artifacts are now part of the medical collection of the Smithsonian Institution in Washington, DC. He continues to innovate on his initial designs, developing new endovascular devices.

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OrbusNeich Medical Group Holdings Limited (OrbusNeich) ( or-bəs-NEESH) is a company that designs, develops, manufactures and markets medical devices for the treatment of vascular diseases.

DFINE, Inc. was an American medical device company with headquarters in San Jose, California. It was known for its development of minimally invasive therapeutic devices built upon a radiofrequency platform for the treatment of spinal diseases. The platform included two applications, the StabiliT Vertebral Augmentation System for the treatment of vertebral compression fractures and the STAR Tumor Ablation System for pain relief treatment of metastatic spinal tumors.

<span class="mw-page-title-main">Tejas Patel</span>

Tejas M. Patel is a cardiologist from Ahmedabad, India and chairman and chief interventional cardiologist at Apex Heart Institute, Ahmedabad. Patel, a recipient of the Dr. B. C. Roy Award, the highest Indian medical award, was honoured by the Government of India in 2015 with Padma Shri, the fourth highest Indian civilian award.

<span class="mw-page-title-main">Kenneth Binmoeller</span> German gastroenterologist

Kenneth Frank Binmoeller is a medical doctor and author of multiple scientific contributions and over 300 publications, as well as the inventor of the lumen-apposing metal stent (LAMS) and AXIOS System. These are medical devices used to relieve blockages while creating a direct connection between two bodily structures. He practices in the field of Gastroenterology with a specialty of Advanced Endoscopic Intervention. Binmoeller has been published for his innovations in medical devices and training in the field of Endoscopy.

References

  1. "20/20 Healthcare Partners". Archived from the original on 2013-08-12. Retrieved 2013-06-11.
  2. "The United States Patent and Trademark Office".
  3. "How It Works". Corindus Vascular Robotics.
  4. "Siemens Healthineers plant Milliardenübernahme". Faz.net. Frankfurter Allgemeine Zeitung.