Post by Hot Christian Stocks on Jul 3, 2014 8:59:21 GMT -5
Presenting
Kips Bay Medical, Inc.
COMPANY WEBSITE
Subsequently, the Company sponsored and performed a 90 patient multi-center clinical study outside the US to primarily demonstrate the safety of the eSVS® Mesh device when used in CABG surgery. As a result, the eSVS® Mesh received CE Mark approval in May of 2010 and efforts to commercialize the device started immediately. Since the first-in-man experience, we estimate that the eSVS® Mesh device has been implanted in over 500 patients in multiple cardiovascular centers outside the US.
Click here to learn more about the eSVS® Mesh.
The eSVS Mesh is designed to improve the long-term outcome of CABG procedures by addressing limitations of unsupported saphenous veins. The eSVS Mesh is fitted like a sleeve on the outside of a saphenous vein graft to strengthen the vein and to give that vein graft the physiological attributes of an artery by;
• Strengthening the vein graft to prevent vessel expansion and the resulting damage
• Reducing vein graft diameter (radial constriction), leading ot a more uniform lumen and faster, arterial-like blood flow through the graft
• Matching typical compliance(pulsing) of an artery.
The Future of Cardiac Surgery
A GLOBAL HEALTH PROBLEM
Today an estimated 82 million Americans suffer from 1 or more types of cardiovascular disease (CVD) and it is the cause of 1 out of every 6 deaths in the US. And every year, well over 250,000 Americans undergo coronary artery bypass surgery to mitigate its effects. The total economic burden of CVD is staggering, exceeding $286.6 billion in 2007. (Source:AHA Heart Disease and Stroke 2012 Update).
In 27 member states of the European Union (EU) the burden of CVD is also significant as it remains the main cause of death, contributing to over 2.0 million deaths each year. The death rates are generally higher in Central and Eastern Europe. The total cost of CVD to the EU economy is estimated at €192 billion a year. (Source: European Cardiovascular Disease Statistics: 2008 Edition)
INNOVATIVE TREATMENT OPTIONS ARE HERE
Kips Bay Medical is dedicated to providing therapeutic vascular technologies for the cardiac surgeon to better treat cardiovascular disease. We are at the forefront of developing innovative solutions designed to advance, refine and improve cardiac surgery.
The company’s first commercial product is the eSVS Mesh – a metal alloy prosthesis which is designed to maintain patency of saphenous vein grafts used in the coronary artery bypass surgery (CABG).
eSVS Mesh represents the future of cardiac surgery: a simple, easy-to-use device designed to enhance the surgeon’s ability to optimize patient outcomes without adding significantly to the time of CABG procedures.
Overview
Corporate ProfileKips Bay Medical, Inc. was founded in May 2007 to develop innovative therapeutic vascular technologies for the cardiac surgeon. With our first product we are focused on developing, manufacturing and commercializing our external saphenous vein support technology, or eSVS MESH, for use in coronary artery bypass grafting, or CABG, surgery. Our eSVS MESH is a nitinol mesh sleeve that, when placed over a saphenous vein graft during CABG surgery, is designed to improve the structural characteristics and long-term performance of the vein graft.... More >>
Our Founder: Manny Villafaña
• Co-Inventor of the first lithium pacemaker and Founder of CPI/Guidant Corporation
• Co-Inventor of the St. Jude heart valve and Founder of St. Jude Medical, Inc.
• Co-Inventor of the ATS heart valve and Founder of ATS Medical
• Co-Founder of the Lillehei Surgical Society
• Recipient of the “Living Legend of Medicine” Award
• USA Master Entrepreneur Award
• 2003 Minnesota Business Hall of Fame
• NY Ellis Island Medal of Honor Recipient
• Boys & Girls Clubs of America Hall of Fame
• Kips Bay Medical was his seventh IPO
Manuel (Manny) A. Villafaña founded Kips Bay Medical, Inc. in 2007. Mr. Villafaña has more than 37 years of experience in the medical device industry. He was the Founder of ATS Medical, Inc. and served as its Chief Executive Officer from 1987 to 2001. He started his career with Medtronic, Inc., as its first international sales administrator. He was the Founder of St. Jude Medical, Inc. and served as its Chairman and President from 1976 to 1982. He was the Founder of Cardiac Pacemakers, Inc. and served as its President and Chairman from 1972 to 1976. He was a Co-Founder of GV Medical, Inc. to develop, manufacture and market the LASTAC System. He served as the Chairman of the Board of CABG Medical, Inc. since January 2001; GV Medical, Inc. from 1983 to 1987; and ATS Medical, Inc. from 1987 to May 2004. Mr. Villafaña has received numerous awards and honors for his accomplishments, including the "Living Legend of Medicine" award from the International Society of Cardiothoracic Surgeons; the Ellis Island Medal of Honor; the Grand Prize Recipient - Mediterranean Institute of Cardiology; the Ernst & Young LLP; National Master Entrepreneur of the Year; the Top 100 Hispanics in USA; the Boys and Girls Clubs of America Hall of Fame; and induction into the Minnesota Business Hall of Fame. Mr. Villafaña attended Cardinal Hayes High School, Bronx, New York.
SEC Filings
Filing Date Form Description Filing Group Downloads
05/21/14 8-K
Report of unscheduled material events or corporate event Current Reports
05/21/14 4
Statement of changes in beneficial ownership of securities 3,4,5
05/21/14 4
Statement of changes in beneficial ownership of securities 3,4,5
05/08/14 8-K
Report of unscheduled material events or corporate event Current Reports
05/08/14 10-Q
Quarterly report which provides a continuing view of a company's financial position Quarterly Filings
04/24/14 ARS
An annual report to security holders Annual Filings
04/14/14 DEF 14A
Official notification to shareholders of matters to be brought to a vote ("Proxy") Proxy Filings
03/12/14 10-K
Annual report which provides a comprehensive overview of the company for the past year Annual Filings
03/12/14 8-K
Report of unscheduled material events or corporate event Current Reports
03/07/14 8-K
Report of unscheduled material events or corporate event Current Reports
Wednesday, May 14, 2014
• World Renowned Heart Surgeon, Dr. Larry Cohn, Joins Kips Bay Medical as a Medical AdvisorGlobeNewswire( (Wed, May 14)
Thursday, May 8, 2014
• Kips Bay Medical Provides Business Update and Reports First Quarter 2014 ResultsGlobeNewswire( (Thu, May 8)
Monday, May 5, 2014
• Manny Villafana to Receive Honorary Doctoral Degree From the University of IowaGlobeNewswire( (Mon, May 5)
Friday, May 2, 2014
• Kips Bay Medical to Host Business Update Conference Call on May 13, 2014GlobeNewswire( (Fri, May 2)
Monday, April 21, 2014
• Kips Bay Medical Announces the First eSVS(R) Mesh Implant in Warsaw PolandThomson Reuters ONE( (Mon, Apr 21)
• Kips Bay Medical Announces the First eSVS(R) Mesh Implant in Warsaw PolandGlobeNewswire( (Mon, Apr 21)
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