Dr. Manny Villafaña is one of the most successful men in the history of medical innovation, having founded some of the most successful companies in the industry, including Guidant Corp., which was sold to Boston Scientific for more than $27 billion and St. Jude Medical (NYSE:STJ). His most recent venture, Kips Bay Medical was supposed to […]
Kips Bay Medical Inc.
By Scott Wooldridge Last night’s DeviceTalks: Minnesota event in Minneapolis highlighted the risks and rewards of medical device entrepreneurship, contrasting the arcs of Kips Bay Medical (OTC:KIPS) and Aum Cardiovascular. Kips Bay founder & CEO Manny Villafaña, the medtech legend who started Guidant and St. Jude Medical (NYSE:STJ), told MassDevice.com publisher Brian Johnson that the company’s wind-down was precipitated by a […]
Kips Bay Medical (OTC:KIPS) shareholders today approved the company’s dissolution, after the Minneapolis-based medical device company’s feasibility trial failed. Kips Bay said in June that it would pull the plug after terminating the Emesh I clinical feasibility trial of its eSVS mesh based on poor 6-month results. Today the company said founder, chairman & CEO Manny Villafaña, the medtech […]
Kips Bay Medical (OTC:KIPS) said last week it will be liquidating the company after terminating the Emesh I clinical feasibility trial of its eSVS mesh based on poor 6-month results. The company’s board of directors unanimously approved a plan to dissolve the company and return any remaining cash to its stockholders, Minneapolis, Minn.-based Kips Bay said. Kips […]
A group of medtech insiders gathered in Boston last night to talk shop, share stories and glean insight from some of the industry’s brightest minds at MassDevice’s DeviceTalks East conference.