Atlanta,
Georgia
– Medical device incubator and technology brokerage firm, Hatch Medical, L.L.C.
recently announced that Medical Device Technologies, Inc. (MD TECH), a member of
The Marmon Group of companies, has licensed the manufacturing and global
distribution rights to its novel foreign body retrieval device, EN
Snare™.
Under the terms of the
agreement, Medical Device Technologies will manufacture the device at its
Gainesville, Florida facility and distribute the product through its direct
sales force and distributor network.
Additional details of the agreement were unavailable.
“We
are pleased to have secured such a strong partner for this exciting product.
MD TECH is recognized as a world class manufacturer and a global
distributor with tremendous depth and resources,” commented Paul Gianneschi,
President and CEO of Hatch Medical.
Hatch
Medical’s EN
Snare™ foreign body retrieval device incorporates proprietary technology and
design elements that improve upon the overall utility, accuracy and simplicity
of foreign body retrieval. As a
result, EN
Snare™ is ideally suited to address the needs of physicians performing complex
endovascular procedures in the peripheral vascular system and hollow viscous.
In 2001, it is estimated that over 70,000 foreign body retrieval
procedures will be performed by cardiologists, vascular surgeons, radiologists,
gastroenterologists and urologists around the globe.
Michael
Ryan, Vice President of Sales and Marketing for Medical Device Technologies,
Inc., commented, “The EN Snare™
foreign body retrieval device is an exciting new product and an evolutionary
step forward in snare technology.
We are excited to partner with Hatch Medical on this innovative product,
and look forward to driving its success in the market.”
Mr.
Gianneschi added, “This is an important milestone for our organization and
business model, as it truly demonstrates that a project which shares both risk
and reward can succeed for all parties involved when the proper resources,
expertise and focus are channeled toward solving a clinical need.”
The
Marmon Group of companies is an international association of autonomous
manufacturing and service companies.
Collective sales in 2000 neared $6.8 billion.
Hatch
Medical jointly develops and brokers minimally invasive medical devices for the
diagnosis and treatment of vascular and oncological disease through its network
of product development experts.
For
additional information on this, or other Hatch Medical, L.L.C. products and
services, e-mail the company at info@hatchmedical.com.
This release and additional news about Hatch Medical can be obtained by
visiting the company’s web site at: http://www.hatchmedical.com.
Contact Paul Gianneschi, President and CEO, 770-982-6306, or Steve Hvozda, Executive Vice President, Business Development 404-982-9994
Hatch Medical,
L.L.C.
Duluth, GA 30097
Phone: 770-476-9940
Facsimile: 770-476-7740
info@hatchmedical.com
© 2001 - 2008 Hatch Medical, L.L.C. - All rights reserved