Healthcare Industry News: HSMN NewsFeed
News Release - October 27, 2017
CathWorks Ltd. Appoints James M. Corbett Chief Executive OfficerKFAR SABA, Israel, Oct. 27, 2017 -- (Healthcare Sales & Marketing Network) -- CathWorks Ltd., a leader in the development of non-invasive Fractional Flow Reserve (FFR) measurements for guiding coronary interventions, announced today the appointment of James M. Corbett as its Chief Executive Officer. Corbett, an industry veteran with broad experience in global commercialization, has served as President, Boston Scientific International, CEO Home Diagnostics, CEO of ev3 Inc, CEO of Vertos Medical and CEO of Alphatec Spine.
Guy Lavi, Founder of CathWorks, will continue in his role as President of CathWorks Ltd. "We are excited to have Jim join to lead the company in its efforts to globally commercialize the FFRangio technology," said Lavi. CathWorks has made material advances of late, including the closing of Series B financing of $15.8M during August as well as the recent announcement of the first enrollment of its FDA Clinical Trial, FAST-FFR (FFRangio Accuracy vs. STandard FFR).
"Having Jim join CathWorks at this point, demonstrates an important transition of CathWorks to the next stage of development. Jim brings the experience and achievement necessary to develop the global organization that can execute on the significant opportunity created by the FFRangio technology," said Scott Ward, Chairman of the Board of CathWorks.
The company believes that the FFRangio technology has the potential to become the standard of care in the cath lab, enhancing the diagnostic decision making of cardiologists around the world. "The CathWorks FFRangio is truly a disruptive and breakthrough technology and I am excited to be working with the CathWorks team in Israel," said Corbett.
CathWorks is a privately held Israeli company founded in 2013. The company develops digital healthcare products for the cardiovascular market and is focused on improving the utilization of coronary angiography data to ratify measurement-based medicine in the cath lab. CathWorks is backed by worldwide VCs as well as a strategic partner and has completed two series of financing.
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