Healthcare Industry News: Johnson and Johnson
News Release - September 7, 2007
KFx Medical Corporation Adds Roy DeVries as Vice President of Sales
SAN DIEGO--(HSMN NewsFeed)--KFx Medical Corporation, a developer of minimally invasive percutaneous repair systems for rotator cuff surgery, has added Mr. Roy L. DeVries as its Vice President of Sales."Roy's extensive background at such companies as Stryker, JNJ, Opus, Pegasus, and Mentor are invaluable to us. We are very pleased to have him on board to guide us as we hire sales representatives and distributors for the launch of the KFx SutureCross system," said Tate Scott, President and CEO of KFx Medical.
"Having watched well over 1,000 rotator cuff repairs, I was extremely impressed with the quality, consistency and simplicity of the KFx system. Nothing I have seen offers a repair that is this secure. Additionally, due to its versatility, the KFx SutureCross system uniquely addresses partial and complex tears - situations surgeons face every day," commented Mr. DeVries.
Mr. DeVries completed his undergraduate education at Kean University in Union New Jersey. His career includes exemplary performance at start-ups, self-owned businesses, and multinational corporations. During his time at Cordis, a Johnson and Johnson Company, he earned Sales Person of the Year each year in every category, while at Stryker he earned the prestigious Rolex Award.
KFx Medical recently completed a Series B Financing of $10 million lead by Alloy Ventures.
Over four million people seek medical advice for shoulder pain every year; torn rotator cuffs alone account for more than 500,000 surgeries annually and have traditionally required many weeks of rehabilitation. Traditional minimally invasive techniques, although promising - (patients typically experience less pain and regain full range of motion more quickly) - require surgeons to have advanced arthroscopic skills. In contrast, KFx provides simple systems for surgeons while ensuring more anatomical repair for the patient, yielding better clinical outcomes.
About KFx Medical Corporation
Headquartered in Carlsbad, Calif., KFx Medical Corporation was founded in 2003 to develop clinically relevant solutions to rotator cuff repair. The company is privately held - Investors include Alloy Ventures, Charter Life Sciences, Arboretum Ventures, Montreux Equity Partners, and MB Ventures.
Source: KFx Medical
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