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





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

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Recent Private Companies Transactions

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