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Palmaz Scientific

Judge tosses Palmaz Scientific investors’ $3m lawsuit

January 28, 2020 By Nancy Crotti

A federal judge in Dallas, Texas, has dismissed a lawsuit by investors in the bankrupt Palmaz Scientific against investment bank Jefferies & Co. Co-founded by coronary stent pioneer Dr. Julio Palmaz in 2008, San Antonio-based Palmaz Scientific tapped Jefferies for a $7.5 million fundraising round in 2010, according to a previous ruling. The investors claimed […]

Filed Under: Featured, Legal News, Wall Street Beat Tagged With: jefferies&co., Palmaz Scientific

Palmaz Scientific investors lose in federal court

February 8, 2019 By Nancy Crotti

A federal judge in Dallas, Texas has dealt investors in the bankrupt Palmaz Scientific another blow, tossing five of their negligence claims against investment bank Jefferies & Co. Co-founded by coronary stent pioneer Dr. Julio Palmaz in 2008, San Antonio-based Palmaz Scientific tapped Jefferies for a $7.5 million fundraising round in 2010, according to the […]

Filed Under: Legal News Tagged With: jefferies&co., Palmaz Scientific

Palmaz Scientific co-founders, board sued by bankruptcy trustee

March 7, 2017 By Brad Perriello

A trustee in the bankruptcy proceedings for Palmaz Scientific Inc. last week sued its co-founders and members of its board, alleging that they looted the company before declaring bankruptcy last year. Co-founded by coronary stent pioneer Dr. Julio Palmaz and CEO Steven Solomon in 2008 to commercialize Palmaz’s ideas, PSI raised about $40 million before pulling the plug in a […]

Filed Under: Legal News, Stents Tagged With: Bankruptcy, Palmaz Scientific

Questions surface about Palmaz Scientific’s fundraising

April 25, 2016 By Brad Perriello

Palmaz Scientific, which filed for Chapter 11 bankruptcy protection last month, is reportedly embroiled in a dispute with Jefferies & Co. over its claim that the prominent investment bank was the placement agent for a funding round in 2012 and 2013. Co-founded by coronary stent pioneer Dr. Julio Palmaz in 2008, the San Antonio, Texas-based company […]

Filed Under: Cardiovascular, Legal News, Stents, Wall Street Beat Tagged With: Jefferies LLC, Palmaz Scientific

Palmaz Scientific, seeking buyer, files for bankruptcy protection

March 7, 2016 By Brad Perriello

Palmaz Scientific said last week that it filed for Chapter 11 bankruptcy protection while it seeks a buyer for the medical alloy technology it was developing, claiming its ability to attract investors was “seriously impaired by a negative campaign of false information.” Co-founded by coronary stent pioneer Dr. Julio Palmaz in 2008, the San Antonio, […]

Filed Under: Cardiovascular, Legal News, Stents Tagged With: Bankruptcy, Palmaz Scientific

Palmaz taps new CEO

September 24, 2015 By Brad Perriello

Palmaz Scientific said today that it named medtech veteran Dr. Philippe Henri Marco to replace Steven Solomon as president and CEO, after Solomon left last month “to pursue other opportunities.” Marco, a general partner at Chansu Consulting, was COO at CV Ingenuity until its 2013 acquisition by Covidien. His resume includes stints as VP of clinical, regulatory […]

Filed Under: Legal News, Stents Tagged With: Palmaz Scientific, Personnel Moves

Ex-KCI chief Burzik bows out of Palmaz Scientific

August 19, 2015 By Brad Perriello

Cathy Burzik, the former CEO of Kinetic Concepts Inc., is no longer slated to take the helm at Palmaz Scientific, the company co-founded by coronary stent pioneer Dr. Julio Palmaz in 2008, Palmaz told MassDevice.com today. “We essentially decided not to do the deal because we just didn’t agree,” Palmaz told us in a brief telephone […]

Filed Under: Cardiovascular, Stents, Wall Street Beat Tagged With: Palmaz Scientific, Personnel Moves

EXCLUSIVE: Palmaz Scientific, out of cash, taps ex-KCI CEO Burzik

August 17, 2015 By Brad Perriello

UPDATED August 17, 2015, 5 p.m., with comment from Julio Palmaz. Palmaz Scientific, the company co-founded by coronary stent pioneer Dr. Julio Palmaz in 2008, is out of cash and looking for a new CEO, according to a letter to shareholders obtained by MassDevice.com. Julio Palmaz plans to step down from his chairman’s role at Palmaz Scientific, […]

Filed Under: Cardiovascular, Funding Roundup, Stents Tagged With: Palmaz Scientific, Personnel Moves

Stryker agrees to pay $80M to settle OtisMed beef | Medtech legal news for the week of December 8, 2014

December 15, 2014 By MassDevice Leave a Comment

Stryker settles OtisMed beef for $80m

December 8, 2014 by Brad Perriello

Stryker settles OtisMed beef for $80m

Filed Under: Legal News, News Well Tagged With: Advanced Bio Prosthetic Surfaces, Akin Gump Strauss Hauer & Feld, ArthroCare Corp., Baker Botts, Boston Scientific, C.R. Bard, Heart Tronics, Legal Roundup, OtisMed, Palmaz Scientific, Signalife, Stryker, U.S. Justice Dept. (DOJ)

Palmaz Scientific sues law firms

December 8, 2014 By Brad Perriello

Palmaz Scientific sues law firms

Palmaz Scientific sued a pair of law firms that once represented it, alleging that they conspired to conceal 1 of the firms’ liability in an arbitration dispute with a former Palmaz limited partner, according to court documents.

Filed Under: Legal News, News Well Tagged With: Advanced Bio Prosthetic Surfaces, Akin Gump Strauss Hauer & Feld, Baker Botts, Palmaz Scientific

Silicon Valley Bank’s Ben Johnson talks early-stage medtech investment slump | Medtech funding for the week of September 22, 2014

September 26, 2014 By MassDevice Leave a Comment

What's behind the slump in early-stage medtech investment?

September 24, 2014 by Brad Perriello

Filed Under: Funding Roundup, News Well Tagged With: iHealth, Ivantis, Minerva Surgical Inc., Palmaz Scientific, Silicon Valley Bank

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