February 27, 2017 11:02 AM ET

Healthcare Equipment and Supplies

Company Overview of Corindus Vascular Robotics, Inc.

Company Overview

Corindus Vascular Robotics, Inc. designs, manufactures and sells precision vascular robotic-assisted systems for use in interventional vascular procedures. It offers CorPath 200 system, a robotic system that facilitates stent placement for percutaneous coronary intervention procedures by allowing a physician to measure, manipulate, and advance devices with robotic precision. The company is headquartered in Waltham, Massachusetts.

309 Waverley Oaks Road

Suite 105

Waltham, MA 02452

United States

64 Employees

Phone:

508-653-3355

Fax:

508-653-3355

Key Executives for Corindus Vascular Robotics, Inc.

Chief Financial Officer, Senior Vice President, Treasurer and Secretary
Age: 46
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2015.

Corindus Vascular Robotics, Inc. Key Developments

Corindus Vascular Robotics, Inc. Signs Strategic Distribution Agreement with Japan Medicalnext Co., Ltd

Corindus Vascular Robotics, Inc. announced the recent signing of a strategic distribution agreement with Japan Medicalnext Co., Ltd. Pursuant to the agreement, Japan Medicalnext became the exclusive distributor of Corindus products in Japan and within 30 days will place an initial order for 12 CorPath GRX Systems accompanied by an advance of $2 million toward the purchase price. Through this agreement, MC Healthcare aims to bring the robotic precision and control of CorPath technology to the large and growing PCI segment of the Japanese healthcare market. CorPath GRX offers enhancements to the CorPath platform by adding important key upgrades that increase precision, improve workflow, and extend the capabilities and range of procedures that can be performed robotically. Active Guide Management allows interventional cardiologists to control the guide catheter, providing physicians independent and simultaneous robotic control of guide catheters, guidewires, and balloon/stent catheters, with one-millimeter advancement, from a control console in the system’s radiation-shielded workstation. Corindus and Japan Medicalnext are working together to secure Pharmaceutical and Medical Device Agency (PMDA) approval as the first step in preparing for the commercial launch of CorPath GRX in Japan.

Corindus Vascular Robotics, Inc. Revises Revenue Guidance for the Year 2017

Corindus Vascular Robotics, Inc. revised revenue guidance for the year 2017. The company updating expectations for full year 2017 revenue to be in the range of $13 million to $15 million versus previous expectations for 2017 revenue to be above $12 million; the increase is due to commercial progress in the fourth quarter 2016, trends entering 2017 and strong market interest for the recently cleared CorPath GRX System.

Corindus Vascular Robotics, Inc., 2017 Guidance/Update Call, Jan 18, 2017

Corindus Vascular Robotics, Inc., 2017 Guidance/Update Call, Jan 18, 2017

Similar Private Companies By Industry

Company Name Region
.decimal, Inc. United States
20/20 GeneSystems, Inc. United States
20/20 Imaging LLC United States
21st Century Scientific, Inc. United States
21X Corporation United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Corindus Vascular Robotics, Inc., please visit www.corindus.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.