Arizona Heart Innovative Technologies, LLC (AHIT), Phoenix, Ariz.,
has announced the sale of a proprietary medical device for endovascular
use to a publicly traded medical device company. "This is a proud
moment for our company as we have now demonstrated our ability to bridge
the gap between good ideas from the medical community to commercially
viable products for medical device companies. We are in effect serving
as a cost-effective supplementary research and development resource for
companies," said AHIT President Bill Colone. "We currently
have several products in the development process that we are continuing
to discuss with the appropriate device companies." AHIT licensed
the endovascular product in October of 2006 from Venkatesh Ramaiah, MD,
a cardiovascular surgeon, and Robert McNutt, a radiology technician,
both of the Arizona Heart Hospital. The product was prototyped and
tested within ninety days of signing the license agreement and marketed
to multiple medical companies immediately following positive test
results.
About Arizona Heart Innovative Technologies, LLC
AHIT was formed in August 2006 by Bill Colone and Keith Jarmusch,
who have a combined thirty years of experience in developing and
marketing medical devices. AHIT provides a vehicle for evaluating and
commercializing ideas from the medical community. This process includes
product due diligence, market research, securing intellectual property
rights, prototyping, and matching the product to the best medical device
company through a sales process. The company's Scientific Advisory
Board (SAB) consists of cardiovascular surgeons and endovascular
specialists with over 80 years of experience treating vascular disease.
The SAB is chaired by Edward B. Diethrich, MD, the Medical Director and
Founder of the Arizona Heart Institute and Arizona Heart Hospital. AHIT
is supported by a Governing Board which includes many prominent business
professionals with expertise in patent law, financial services,
corporate management, and medical device marketing.
For more information, visit http://www.ahitechnologies.com or call
602/200-0898.
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