Healthcare Industry News: Hotspur Technologies
News Release - May 7, 2012
Kerberos to Sell FDA Cleared Rinspiration TechnologyProprietary Thrombectomy Device Recognized for Procedural Efficiency, Ease of Use
PALO ALTO, Calif.--(Healthcare Sales & Marketing Network)--Co-Founders of Kerberos Proximal Solutions, Inc., announced today that, during the upcoming Paris Course on Revascularization (www.europcr.com), they plan to actively engage in discussions to put the company’s proprietary Rinspiration technology platform up for bid, seeking buyers with complementary portfolios and distribution channels.
With applications in both the coronary and peripheral space, the Kerberos system was sought after and ultimately acquired by FoxHollow Technologies in 2006. Due to an unexpected series of subsequent acquisitions by ev3 followed by Covidien, commercialization of the Rinspiration device became dormant, opening up the opportunity for Kerberos to regain rights to the technology.
The technology being offered for auction includes multiple published patents in the field of thrombectomy, proximal protection and physician specified vascular infusion along with multiple Design Dossiers and FDA cleared 510(k)s specific to the Rinspiration device.
John MacMahon, co-founder of Kerberos Proximal Solutions, commented "Management of acute thrombus remains a growing underserved clinical need. Our clinical data has clearly demonstrated the compelling benefits of the Rinspiration technology and we are excited to engage in conversations that enable reintroduction of the novel Rinspiration System to the market for the benefit of physicians seeking a better solution for the treatment of their patients."
The market for coronary and peripheral thrombectomy is estimated to exceed $300M in the US and represent an additional $600M opportunity outside of the US. Other players in the thrombectomy market include Medtronic [MDT], Hotspur Technologies, Medrad Interventional/ Possis [BAYN], Atrium Medical [STO:GETIB], and Spectranetics [SPNC].
About Kerberos Proximal Solutions
Kerberos Proximal Solutions was a privately-held medical device company based in Cupertino, Calif. Founded in 2001, Kerberos was dedicated to developing innovative solutions to treat vascular disease and pioneered the conception and development of the Rinspiration Thrombectomy System. Key investors in Kerberos included Research Corporation Technologies, Three Arch Partners, and Alta Partners.
Source: Kerberos Proximal Solutions
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