August 21, 2014 10:18 AM ET

Healthcare Equipment and Supplies

Company Overview of Corindus Vascular Robotics Inc.

Company Overview

Corindus, Inc. provides robotic-assisted vascular interventions. It offers CorPath System, a robotic system that offers interventional cardiologists precise procedure and stent control during vascular interventions. The company’s CorPath Vascular Robotic System enables the precise and robotic-assisted control of coronary guidewires and balloon/stent devices. It also offers devices to address other segments of the vascular market, including peripheral, neuro, and structural heart applications. Corindus Vascular Robotics Inc. was formerly known as Navicath, Ltd. The company was founded in 2002 and is based in Waltham, Massachusetts.

309 Waverley Oaks Road

Suite 105

Waltham, MA 02452

United States

Founded in 2002





Key Executives for Corindus Vascular Robotics Inc.

Chief Executive Officer and President
Co-Founder and Executive Vice President of Business Strategy & Marketing
Chief Financial Officer and Vice President
Vice President of Operations
Medical Director and Director
Compensation as of Fiscal Year 2014.

Corindus Vascular Robotics Inc. Key Developments

Corindus Vascular Robotics Announces Installations of Its Corpath System At Five Facilities

Corindus Vascular Robotics announced the recent installations of its CorPath(R) System at five facilities: UH Case Medical Center, Cleveland, OH; Virginia Commonwealth University Medical Center, Richmond, VA; Miami Cardiac and Vascular Institute, Miami, FL; the second system in Michigan and first system in North Carolina. In addition, Corindus announced that customers used the CorPath System in a record number of cases in the quarter ending June 2014, the third straight quarter of record-setting utilization. The consistent increase in utilization demonstrates that customers continue to make CorPath the standard of care for PCI. Corindus' CorPath System is the first FDA-cleared medical device to bring robotic-assisted precision and accuracy to coronary angioplasty procedures. During a CorPath Robotic Angioplasty procedure, the interventional cardiologist sits in the radiation shielded interventional cockpit, and advances stents and guidewires with millimeter by millimeter precision. Robotic angioplasty may improve stent placement which can reduce repeat procedures. The CorPath System also reduces physician radiation exposure during procedures by 95%.

Corindus Vascular Robotics Announces the PRECISION Registry

Corindus Vascular Robotics announced the PRECISION Registry, an ongoing study aimed at collecting data on the patterns of use, safety and effectiveness in the delivery and manipulation of percutaneous coronary intervention (PCI) devices. Dr. Giora Weisz, Associate Professor of Medicine at Columbia University Medical Center, will lead the study. Corindus' CorPath 200 System is the first and only FDA-cleared technology that enables precise, robotic-assisted angioplasties to open arteries and restore blood flow in patients with coronary artery disease. During a CorPath angioplasty procedure, the interventional cardiologist sits in the radiation shielded interventional cockpit. Using robotic precision, the interventional cardiologist advances stents and guidewires via a joystick with millimeter by millimeter precision. CorPath may improve clinical outcomes by enabling precise measurement of the anatomy, which could potentially lead to better stent placements.

Philips Healthcare Interested To Invest In Corindus

Philips Healthcare may invest in Corindus, Inc. Arnaud Bernaert, Senior Vice President in business development, strategy and M&A of Philips, said, "We're definitely committed to invest in the company in later stages, so we can collect more clinical data and build a distribution channel. This is the first time that we're marketing a product with disposable material, and later, we may want to cooperate with other companies that sell such products, so that our distributors will 'improve' in this area, and we can build a distribution channel for disposables."

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