MENLO PARK, Calif., Sept. 28, 2011 /PRNewswire/ -- Crux Biomedical, developer of an advanced implantable vena cava filter (IVCF) to prevent pulmonary embolisms, announced the appointment of Randy Lindholm as the Company's Chairman of the Board. Mr. Lindholm has served on the Company's Board of Directors since March 2011.
Mr. Lindholm was previously Chairman of the Board and CEO of Vidamed, a maker of minimally invasive medical devices to treat benign prostate hyperplasia until it was acquired by Medtronic. Prior to Vidamed, Randy held senior positions at GE Medical Systems and Nellcor Puritan Bennett. "I am excited to assume this expanded role at Crux Biomedical. The company is well positioned to take advantage of the current high level of interest in a better performing, retrievable IVC filter," stated Mr. Lindholm. He has served on numerous medical device company boards, and currently serves as director of publically held Omnicell (Nasdaq: OMCL), as well as privately held Barrx Medical, Tibion Bionic Technologies, Novasys Medical, and Estech.
"We are very pleased to have Randy's strategic experience here at Crux, now as Chairman of the Board," states Mel Schatz, CEO of Crux Biomedical. He continued, "Randy has been very helpful in the past assisting numerous firms to best optimize their growth and strategic alternatives."
Crux Biomedical has completed enrolling patients in its pivotal IDE study in the United States. The Company expects to launch internationally in early 2012. "Now that patient enrollment has been completed, it is the right time to elevate Randy to the Chairman role to continue the momentum that Crux has created," noted Doug Kelly, M.D., General Partner at Alloy Ventures, and majority shareholder of Crux Biomedical.Crux Biomedical was founded in 2004 by Thomas Fogarty, M.D., to target the development of an advanced implantable inferior vena cava filter (IVCF) to prevent the occurrence of potentially fatal pulmonary embolisms. Although routinely used in the United States, currently cleared IVC filters are associated with a variety of complications. "We recognized current IVC filters did not meet the needs of clinicians and designed a filter that provided better retrievability," stated Tom Fogarty, M.D. Each year in the United States approximately 600,000 patients develop a PE and an estimated 200,000 deaths occur. Pulmonary embolisms are recognized as the most preventable cause of death among hospitalized patients. Crux Biomedical is located in Menlo Park, California and is funded by Alloy Ventures, Emergent Medical Partners, and Three Arch Partners. SOURCE Crux Biomedical
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV