US-INDIAN-MEDICAL-DEVICE - Indian-American invest USD 60 mn in medical device company By Seema Hakhu Kachru
Contributed by NAMPA / PTI.
Houston, Oct 12 (PTI) An Indian-American cardiologist and entrepreneur has invested USD 60 million in a medical company that will support clinical trial on cardiac devices to replace stent.
Dr Kiran Patel's investment is for the Concept Medical Inc, a Florida-based medical device company's Investigational Device Exemption (IDE) for the world's first sirolimus-coated balloon.
Sirolimus balloon catheter is a drug-coated balloon, which is a replacement of the stent. If a stent cannot be placed in h ...