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July 28, 2015 11:48 PM ET

Healthcare Equipment and Supplies

Company Overview of Minimally Invasive Devices, Inc.

Company Overview

Minimally Invasive Devices, Inc. develops laparoscopic visualization systems. It offers FloShield Air, which includes Vortex Barrier Technology that provides a continuous flow of dry carbon dioxide gas over the tip of the scope, instantly defogging it while continuously shielding it from condensation, debris, and smoke. The company also offers FloShield Plus that includes Vortex Barrier Technology, as well as Flo-X in situ, an intra-operative flush that can be used to clean a scope if it gets dirty during surgery. Its products are used in various surgical procedures, including general surgery, gynecology, oncology, bariatric, urology, cardio/thoracic, and transplantation. Minimally Invasive ...

1275 Kinnear Road

Columbus, OH 43212

United States

Founded in 2006

Phone:

614-484-5036

Fax:

614-484-5034

Key Executives for Minimally Invasive Devices, Inc.

Founder and Chief Executive Officer
Age: 58
Chief Financial Officer
Vice President of Operations
Age: 48
Vice President of Engineering and Manufacturing
Vice President of Regulatory, Quality Assurance and Clinical Affairs
Compensation as of Fiscal Year 2015.

Minimally Invasive Devices, Inc. Key Developments

Square 1 Bank Announces Credit Facility to Minimally Invasive Devices, Inc

Square 1 Bank announced that it has provided a $5 million credit facility to new client Minimally Invasive Devices, Inc. (MID). Proceeds will be used to provide additional working capital and fund continued growth.

Minimally Invasive Devices Inc. Launches FloShield(TM) Air

Minimally Invasive Devices Inc. announced the launch of FloShield(TM) Air, a laparoscope visualization system. FloShield Air is a simple to use device that dramatically reduces the need to clean the optics and can reduce supply costs compared to almost all other solutions. FloShield Air utilizes carbon dioxide to create a clear barrier of moving gas at the distal end of the laparoscope. This vortex actively protects the lens from getting dirty while providing instant and continuous defogging throughout the surgery. FloShield products are the first laparoscopic assistance devices to offer "active lens protection" to maintain a clear surgical view for surgical teams. FloShield replaces all other cleaning and/or defogging products and provides consistent visual clarity without the need to continually remove the scope for cleaning or to heat the scope prior to insertion.

MC Medical, Inc. and Minimally Invasive Devices, LLC Form an Exclusive Partnership to Distribute the FloShield Laparoscopic and Robotic Visualization System in Japan

MC Medical, Inc. and Minimally Invasive Devices Inc. have formally agreed to an exclusive partnership to distribute the FloShield laparoscopic and robotic visualization system in Japan. It is anticipated that FloShield will be approved for sale in Japan in the latter half of 2015. MCM has a long-time experience and an extensive product portfolio in endoscopic surgery market in Japan. FloShield will allow their surgeon customers to maintain a clear and consistent view during laparoscopic surgery, eliminating loss of vision and surgical interruptions.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 18, 2015
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