Covellus partners with Healthcare Insights Solutions
November 19, 2020
New Jersey– Covellus LLC. (Covellus), a medical device company focused on the development of a novel Modular Balloon Catheter System, announced today the engagement of Healthcare Insights Solutions. Drs. Gary Ansel and Michael R. Jaff are two of the co-founders of Healthcare Insights Solutions.
“Drs. Ansel and Jaff have significant experience in interventional catheter technologies and devices, particularly those used in peripheral interventions. I have known both Gary and Michael for many years, they bring a wealth of medical, strategic, regulatory and device technology experience to our team at Covellus. Bringing this experience to Covellus through Healthcare Insights is an important next step.” stated Bradley Beach, President and CEO of Covellus.
As Dr. Ansel explained, “We are excited to partner with Covellus. The Covellus modular catheter system technology is an exciting new way for our colleagues in industry and healthcare delivery to conceptualize certain product categories. The PTA balloon market in particular has been quite stagnant, whereby the Modular balloon system is poised to disrupt and advance the field.”
“This idea of physician created catheter tools to enable targeted and customized interventions is remarkably interesting. It has the potential to empower physicians to develop new interventional strategies and techniques. I look forward to advancing the technology and bringing it to a wider audience” said Dr. Ansel.
Covellus, located in the greater New York City area, is developing the first modular catheter system for interventional procedures. Covellus has established a clear pathway for 510(k) clearance of an initial Modular Balloon System. With the Covellus Modular Balloon System, physicians have the option of using the Parent Balloon for normal Percutaneous Transluminal Angioplasty (PTA) with standard 0.035” guidewires or attach Adapter Modules to the distal end to create new unique multi-function balloon catheter. The approach is novel and poised to disrupt the PTA catheter market. Additional information about Covellus can be found at www.covellus.com
About Healthcare Insights Solutions
Healthcare Insights Solutions is a unique vehicle to provide deep experience for those developing medical devices from the garage to post-market phase. Through the longstanding experiences in designing and running clinical trials, presenting data to US and international regulatory authorities, advising national payers, holding multiple device patents, and advising companies that ultimately provided more than $2 Billion in shareholder value, HCIS has powerful capabilities to join teams and facilitate bold and impactful outcomes for patients.
Forward Looking Statement
To the extent any statements made in this release contain information that is not historical, these statements are essentially forward-looking and are subject to risks and uncertainties, including the difficulty of predicting FDA approvals, acceptance and demand for interventional catheter products, the impact of competitive products and pricing, new product development and launch, reliance on key strategic alliances, availability of raw materials, availability of additional intellectual property rights, availability of future financing sources, the regulatory environment and other risks the Company may identify from time to time in the future.
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