Healthcare Industry News: bifurcation
News Release - March 24, 2008
Bioresorbable Stent Company, Arterial Remodeling Technologies (''ART''), Appoints Machiel Van Der Leest as Chief Operating Officer
Podcast available at http://www.medtechmatters.com/podcasts.html"Given our timetable for CE Mark approval, now is the perfect time for us to welcome Machiel Van Der Leest." Patrick Sabaria, CEO and Co-Founder
PARIS--(HSMN NewsFeed)--Arterial Remodeling Technologies (“ART”) announced today that it has appointed Machiel Van Der Leest as its Chief Operating Officer, effective April 2008. Most recently, Van Der Leest was Director of R&D and Regulatory Affairs since May 2003 at Minvasys, which is focused on bifurcation treatment with dedicated devices.
ART recently leased a manufacturing facility (20,000 square feet) as a result of mastering proprietary polymer-based manufacturing technology to produce bioresorbable stents. The company’s bioresorbable stents, which can be manufactured at very low cost, are designed to dismantle in vivo over an optimized time horizon, thus allowing the body’s natural arterial remodeling process to occur, which is normally restricted by the deployment of permanent metallic stents.
“Given our approach of achieving temporary stenting of a traumatized angioplasty site, we fully expect to benefit greatly from Machiel Van Der Leest’s understanding of the development, regulatory, clinical, manufacturing and market dynamics of the stent sector,” said Patrick Sabaria, founder, investor, and CEO of ART as well as former Vice President, Europe, for J&J Interventional Systems, where he introduced the world’s first approved-for-marketing coronary stent, the Palmaz stent.
Prior to Minvasys, Van Der Leest was Director of R&D for Cathnet-Science (Nycomed Amersham Medical Systems, or “NAMS”, until July 2000) from Sept. 1999 through May 2003. He joined NAMS in March 1999 as Project Engineer, directing the relocation of the company’s manufacturing operations from France to Denmark. He is trilingual (English, French, Dutch) and received a master’s degree in Industrial Design Engineering from the Technical Univ. Delft, Netherlands, in 1996.
About Arterial Remodeling Technologies (“ART”)
Arterial Remodeling Technologies (“ART”) is developing bioresorbable peripheral and coronary polymer stents that promote the natural remodeling of an injured artery after angioplasty. The Company’s technology is based on intellectual property originating from three esteemed institutions: the Cleveland Clinic; the French national research institute, C.N.R.S. (Centre National de Recherche Scientifique), Montpellier, France; and, Necker University, Paris. To date, ART has raised €10 ($14.2) million in venture capital from investors Matignon Technologies and SGAM Alternative Investments.
Source: Arterial Remodeling Technologies
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