Business For Sale Listing 124490
Medical Device Manufacturer
Status as of Nov-22-2008 at 06:05 PM: Off The Market
Business Summary
A private medical device manufacturer that is currently developing devices for the treatment of chronic and acute respiratory disorders is looking for a strategic partner. One of the devices under development will have the capability of supporting patients with acute breathing problems for up to seven days, providing their lungs a bridge to recovery. So far the company has received around $11M in Federal grants and $6M by way of private equity. The company has 20 issued patents and 6 pending patents. The company's first product is complete. Clinical trials are expected to commence around September 2007 and the company intends to launch the product (after getting FDA approval) around Spring of 2009. The market for such a device is estimated to be around $1.8B.
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