ADVISORY, April 28, 2016 (GLOBE NEWSWIRE) --
PAVmed Inc. (Nasdaq:PAVMU), a multi-product medical device company bringing innovative medical technologies from concept to commercialization with unprecedented speed and capital efficiency, will visit the Nasdaq MarketSite in Times Square to celebrate its recent initial public offering (IPO) on April 28, 2016.
In honor of the occasion, Lishan Aklog, Chairman and Chief Executive Officer, will ring the Opening Bell.
Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Friday, April 29, 2016 – 9:15 a.m. to 9:30 a.m. ET
PAVmed Media Contact:
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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A live stream of the Nasdaq Opening Bell will be available at:
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http://business.nasdaq.com/discover/market-bell-ceremonies and click on the market open of your choice.
PAVmed is a groundbreaking multi-product medical device company bringing innovative medical technologies from concept to commercialization with unprecedented speed and capital efficiency. PAVmed was founded and is led by three successful medical device entrepreneurs. Dr. Lishan Aklog and Dr. Brian deGuzman are prominent Harvard-trained cardiothoracic surgeons and leaders in medical device innovation. Michael Glennon is a medical device industry veteran and former senior executive at the market leader in outsourced medical device manufacturing.
PAVmed is built on a disruptive business model conceived, deployed and refined by its principals. Over the past six years, this team has used its unique business model focused on capital efficiency and speed to market to build four successful medical device companies, Vortex Medical, Saphena Medical, Cruzar Medsystems, and Kaleidoscope Medical, each funded with a modest single round of venture capital ($1.4 to $3.5 million). Their first company, Vortex Medical, commercialized its revolutionary AngioVac® a mere eighteen months after its inception and was eventually sold to Angiodynamics (Nasdaq:ANGO) for $55+ million. Saphena Medical commercialized its Venapax® next generation endoscopic vessel harvesting device in eighteen months which is poised to capture significant market share and dramatically enhance its value, and is marketing its third-generation device across the United States. Cruzar Medsystems recently received FDA clearance of its novel Houdini® chronic vascular occlusion device and will launch commercially next month. Finally, Kaleidoscope Medical’s novel reversible inferior vena cava filter is at the FDA.
PAVmed's principals have now created PAVmed as a long-term vehicle, armed with permanent capital, to expand the impact of their model to a broader and deeper pipeline and accelerate value creation in the process. PAVmed is building a deep development pipeline with products with attractive regulatory pathways and market opportunities encompassing a broad spectrum of clinical areas including cardiovascular care, tissue ablation, medical infusions, hand surgery and laparoscopic surgery. It is further expanding its pipeline through engagements with clinician inventors and leading academic medical centers.
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