September 21, 2014 5:55 PM ET

Healthcare Equipment and Supplies

Company Overview of USGI Medical, Inc.

Company Overview

USGI Medical, Inc. engages in the development of technologies that enable incision less surgery. Its products include TransPort, an endosurgical operating platform that provides stable access to the operating site through a natural orifice or an incision in the umbilicus; g-Prox, a grasping/tissue approximation device; g-Cath, a tissue anchor delivery catheter; and g-Lix, a helical endoscopic tissue grasper. The company’s products are used in endolumenal applications. USGI Medical, Inc. was incorporated in 2001 and is based in San Clemente, California.

1140 Calle Cordillera

San Clemente, CA 92673

United States

Founded in 2001

Phone:

949-369-3890

Fax:

949-369-3891

Key Executives for USGI Medical, Inc.

Chief Executive Officer and President
Chairman and Advisor
Age: 54
Chief Operating Officer
Chief Technical Officer
General Manager of Flexible Surgery Division
Compensation as of Fiscal Year 2014.

USGI Medical, Inc. Key Developments

USGI Medical, Inc. Receives FDA Approval to Launch Head-to-Head Pivotal Study to Determine Safety, Effectiveness of Incisionless, Endoscopic Weight Loss Procedure

USGI Medical, Inc. has obtained conditional approval of its investigational device exemption (IDE) application from the U.S. Food and Drug Administration (FDA) to launch what the company believes to be the large multicenter, randomized, sham-controlled study of an endoscopic procedure for weight loss ever conducted. The company plans to enroll approximately 350 subjects at up to nine centers across the U.S. Physicians participating in the study will use USGI Medical's g-Cath EZ(TM) Suture Anchor Delivery Catheter to place tissue anchors across folds of tissue in strategically-located parts of the stomach to reduce its size and ability to stretch to accommodate a meal. The g-Cath, which is used extensively for general, non-obesity indications, is the first endoscopic suturing technology proven to create a durable, healed fold in the stomach. The incisionless outpatient procedure has been performed on over 2,000 patients, mostly in Europe, where it is known as "POSE." The procedure is performed entirely through the mouth without any incisions through the abdomen. Many patients have returned to work without any bandages or signs of surgery within two to three days.

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