Last 7.60
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allium medical solutions ltd (ALMD) Snapshot

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10/23/13 - $23.54
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allium medical solutions ltd (ALMD) Details

Allium Medical Solutions Ltd., a medical device company, develops, manufactures, and markets minimally invasive products in Israel and internationally. It offers urology products, such as ureteral, round posterior, triangular prostatic, and bulbar stents; and gastroenterology products, including biliary stents for use in chronic Common Bile Duct obstructions for allowing intra-luminal flow. The company also provides uro-gynecology products consisting of EndoFast Reliant Systems for reinforcement of the vaginal wall; EndoFast Resorb kits for fixation of surgical mesh to tissues for tissue reinforcement; EndoFast Reliant MN, an implantable, sub-urethral support sling for the treatment of male stress urinary incontinence; and EndoFast Reliant SCP for fixation of surgical mesh to tissue for tissue reinforcement during laparotomy or laparoscopic Sacrocolpopexy approach. In addition, it offers cardiovascular products comprising WIRION, a distal embolic protection system. The company is headquartered in Caesarea, Israel.

Founded in 2001

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allium medical solutions ltd (ALMD) Key Developments

Allium Medical Ltd. Receives Medical Device Approval to Market its Patented EndoFast Reliant SCP and EndoFast Reliant LAP Systems

Allium Medical Ltd. announced that it received medical device approval for the marketing of its patented EndoFast Reliant SCP and EndoFast Reliant LAP systems, for soft tissue fixation using minimally invasive laparoscopic procedures for treating Pelvic Organ Prolapse Repair in women. EndoFast Reliant SCP is a full kit, which includes a unique fixation device and a supportive mesh, while EndoFast Reliant LAP includes the fixation device only. These systems are already FDA and CE approved. The EndoFast Reliant SCP and EndoFast Reliant LAP systems are specially indicated for sacrocolpopexy, correction of prolapse of organs by elevating the vagina and connecting it to the sacrum using a supportive mesh. The product makes use of the company's unique, patented spider fastener, which allows for maximum pull out force and minimal penetration depth, using a small number of fasteners while significantly reducing the risk of vascular damage. This way, better and safer results, faster recovery of patients and fewer foreign objects in the body are obtained. The innovative products of the company allows the physician to achieve optimal results relative to the solutions of competing companies. This product is particularly important in view of the growing global trend to treat female pelvic floor organ prolapse using a minimally invasive laparoscopic approach.

Allium Enters into Agreement with National University of Singapore

Allium Medical has announced the signing of agreements with the National University of Singapore (NUS). The development and commercialization project, of USD 2.2 million, is being supported with 45% funding from the Singapore-Israel Industrial R&D Foundation (SIIRD). The project will involve technological, clinical, regulatory and commercial cooperation between the two parties, which will have an equal share in additional funding over the SIIRD contribution.

Allium Medical Solutions Ltd. Auditor Raises 'Going Concern' Doubt

Allium Medical Solutions Ltd. filed its Annual on Mar 13, 2014 for the period ending Dec 31, 2013. In this report its auditor, Kesselman & Kesselman, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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