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Medical Ingenuities

Medical Ingenuities is an early stage medical device company focused on unique and transformational interventional therapy products.

  • Stage Product In Development
  • Industry Medical Devices and Equipment
  • Location Wheaton, IL, USA
  • Currency USD
  • Founded July 2011
  • Employees 4
  • Incorporation Type LLC

Company Summary

MI is focused on reducing radial access complications, (currently ~10%) following a cardiac catheterization. This billion dollar market opportunity, with over 15 MM procedures WW, is caused by existing devices. These devices are often over-tightened, crushing the radial artery, and creating blockage in the radial artery. MI's Patent Hemostasis Band (PHB), with built-in ultrasound, regulates closure and blood flow to eliminate these complications.

Team

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    President & CEO

    Chip has 25 years of experience in sales, marketing, business development and reimbursement in the medical device industry with 6 medical start-up companies. He helped launch over 28 devices in the cardiology and vascular markets ranging from stents, thrombectomy devices, brachytherapy and wireless pulmonary pressure sensing. Many were revolutionary interventional devices, currently owned by Covidian and St. Jude Medical.

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    General Counsel

    Annette is a licensed, practicing attorney. She co-founded MI with Chip in 2010. Annette received her undergraduate and law degrees at Marquette University. She was in general civil practice focusing on litigation for 10 years in Illinois, Kansas and Missouri with experience at both the state and federal levels.

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    Strategic Advisor

    Chris has over 30 years of leadership and management experience, with almost 20 years in the medical device industry. Chris spent 16 years with Ethicon Endo-Surgery (EES), a $4B operating division of Johnson & Johnson. At EES, Chris lauched over 15 products that yielded over $800 in WW revenue. Chris has also served at Vice President of Marketing at Neurowave Medical, and VP of Sales & Marketing at Cardica, a public device company.

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    VP R&D and Manufacturing

    Karl Im has a BS Degree in Mechanical Engineering and a MBA. Karl began his medical career working with Guidant & Medtronic before founding Venture Manufacturing Group in 2001. VMG incubates medical devices by providing start up support along with turnkey engineering, pilot manufacturing, quality and regulatory services. While managing Venture, Karl co-founded three medical companies - Guided Delivery Systems, Indigo Orb and Insituvue.

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