Vascor
The Vascor ventricular assist device treats severe heart failure without the serious adverse complications suffered by patients who receive current VAD pumps.
- Stage Prototype Ready
- Industry Medical Devices and Equipment
- Location Pittsburgh, PA, US
- Currency USD
- Founded July 1992
- Employees 4
- Incorporation Type C-corp
- Website vascor.com
Company Summary
Severe heart failure is treated with a ventricular assist device (VAD). In 2015, sales of currently FDA approved VADs totaled > $760 million. First year serious adverse event (blood clots, stroke, bleeding, infection and death) rates for these products is 70%. Vascor's patent protected VAD innovations (pushing blood vs. spinning impeller rotary pumps and transcutaneous energy transmission vs. driveline) eliminate these complications.
Team
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CEOCEO Medrad. Grew revenues from $125 million to $700 million via product development and international market penetration. Two time recipient Presidential Malcolm Baldrige Performance Excellence Award. Global company. 2500 employees. Ancillary imaging equipment.
Other: Director Daktronics (DAKT); Managing Director, Preservation Technologies; Director, several medical device entrepreneurial companies; several community boards.
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M. Stephen Heilman MDFounder and CTOFounded Medrad. Sold to Schering 1995. Ancillary imaging equipment. Current revenues $700 million. Founded Intec Systems. Sold to Eli Lilly 1986. Implantable defibrillator (ICD). Current revenues $6 billion. Founded Lifecor. Sold to Zoll 2006. Wearable defibrillator. Current revenues $600 million.
Numerous patents. Inducted into National Inventors Hall of Fame for the ICD.
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David ReillyMechanical EngineerForty years design experience with Medrad. Awarded over 70 US and Foreign patents. Products using Dave's designs benefit hundreds of millions of patients annually.
Advisors
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Maria Fagan, Regulatory and Quality Solutions LLCUnconfirmed -
Mark Wholey MD; Interventional Cardiology UPMC Shadyside HospitalUnconfirmed
Mark Slaughter MD; University of Louisville Cardiovascular Innovation InstituteUnconfirmed
Previous Investors
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Steven RobinsonUnconfirmed
Mark Wholey MDUnconfirmed
Marlin S Heilman MDUnconfirmed -
Gerald McGinnisUnconfirmed
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