Med Venture Holdings and its investment entities publish various news items and press releases that relate to their individual growth stories or how they have executed on specific company strategic items.

Below is where you can find the information they have released and shared publicly.

Stratus™ Medical announces two new United States patents issued for the Nimbus® RF Multitined Expandable Electrode used in the treatment of pain

FOR IMMEDIATE RELEASE SALT LAKE CITY, Sept. 14, 2020 /PRNewswire/ — Stratus™  Medical, a company focused on advancing radiofrequency ablation (RFA) treatment for chronic pain, announced today that the United States Patent and Trademark Office has granted two new patents related to its Nimbus® RF Multitined Expandable Electrode. U.S. Patent No. 10,716,618, titled System and Methods for Tissue Ablation, issued on July 21, 2020, and U.S. Patent No. 10,736,688, titled Methods and Systems for Spinal Radio Frequency Neurotomy, issued on August 11, 2020. Stratus Read more…

New Piranha LC Device Offers Alternative Therapy Treatment For COVID-19 Patients

FOR IMMEDIATE RELEASE BROOKLYN PARK, Minn., April 13, 2020 /PRNewswire/ — Piranha Medical, LLC, a medical device company with several innovative catheter solutions in the gastrointestinal, pulmonary, and pancreatic markets, today, announced the release of its newest product, Piranha LC. The Piranha LC (Luminal Clearance) is a catheter-based device that has proven to be successful in multiple procedures. The first, an alternative methodology for the removal of mucus and lung lavage in severe COVID-19 patients. Second, the improved suction of Read more…

Piranha Medical and GI Supply Partner to Improve the Treatment of Food Impaction

FOR IMMEDIATE RELEASE BROOKLYN PARK, MN – (February 3, 2020) Piranha Medical, LLC, a medical device company with an innovative catheter solution for the treatment of esophageal food impaction, announced a formal partnership with GI Supply, Inc. as the official global distributor for the Piranha GI device. The Piranha GI device was designed and developed by Dr. Robert Ganz, an Adjunct Professor of Medicine at the University of Minnesota, and Emeritus Chief of Gastroenterology at Abbott Northwestern Hospital. Dr. Ganz Read more…

Stratus Medical completes private placement financing and acquisition of the NimbusRF business for expansion in the interventional pain medicine space

SALT LAKE CITY, Jan. 15, 2020 /PRNewswire/ — Stratus™ Medical is a new company created to focus on advancing radiofrequency (RF) ablation treatment for chronic pain.  Today, Stratus Medical announced that it completed a private placement to acquire the assets of NimbusRF from Biomerics and provide growth capital funding to support the continued global expansion of the Nimbus® RF Multitined Expandable Electrode for chronic pain. The investment was led by Med Venture Holdings. Nimbus was developed to address the unmet need for an easy Read more…

Med Venture Holdings Announces New CEO Appointment For Nimbus

SALT LAKE CITY, UT (August 8, 2019) – The Managing Partners of Med Venture Holdings is pleased to announce the appointment of Bret Boudousquie as the new CEO of Nimbus®.  Bret recently began his role with Nimbus in July 2019 and will oversee the US commercialization, global expansion and ongoing development of the Nimbus product line and its future products. The Nimbus was created to address the unmet need for an easy to use, efficient, cost-effective RF device that provides Read more…

R&D Engineering acquires Knight Machining Inc.

Brooklyn Park, MN (February 7, 2018) –  R&D Engineering (R&D), a leading provider of catheter manufacturing equipment, machined components, tooling, and automation services is pleased to announce the acquisition of Knight Machining Inc (Knight).  The acquisition expands R&D’s manufacturing capabilities and capacity to accelerate the growth of the company. Knight Machining specializes in high-quality, intricate, and precision machined components and assemblies.  Additionally, they offer prototype services, tooling, and assembly fixtures for the medical device and automation markets.  Knight’s manufacturing capabilities Read more…

Med Venture Holdings Completes Majority Investment in Piranha Medical

Salt Lake City, UT – Sept 15, 2017 – The Managing Partners of Med Venture Holdings are pleased to announce a majority investment in Piranha Medical LLC. Headquartered in Minnesota, Piranha Medical is developing an innovative catheter solution for the treatment of esophageal food impaction. The company, founded by Dr. Robert Ganz, has developed patent-pending aspiration catheters that are expected to become the standard-of-care for emergency treatment of food impaction.  Dr. Robert Ganz is Chief of Gastroenterology at Abbott Northwestern Read more…

R&D Engineering Announces a New Facility and Logo

Brooklyn Park, MN (July 12, 2017) –  R&D Engineering and Machining, a leading provider of catheter manufacturing equipment and tooling, is pleased to announce it has moved into a new facility located in Brooklyn Park, MN.  R&D Engineering and Machining has acquired space located in the NorthPark business park located at 10351 Xylon Ave. N., Brooklyn Park, MN. The new facility provides 20,000 square feet to house business, engineering, and manufacturing operations.  The new space expands its catheter equipment operations Read more…