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Disc Dynamics, Inc. Announces Resignation of CEO


7/15/2009 8:12:58 AM

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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Disc Dynamics, Inc. announced today that its CEO since 2002, Steven J. Healy, is resigning in order to assume the CEO position at Lumen Biomedical, Inc. where he is a founding Board Member and investor. Mr. Healy said, “My decision to leave Disc Dynamics, Inc. is based upon my desire to be with a Company in an early commercialization phase in the U.S. market. I truly believe in the Disc Dynamics product, DASCOR®, because it is unique and has demonstrated significant pain relief in European and early U.S. clinical trials.” Given Mr. Healy’s resignation, Disc Dynamics named David Stassen of Split Rock Ventures as Chairman of the Board. Executive Vice President Ron Burke, a seven-year Disc Dynamics, Inc. employee, will be responsible for the day-to-day operations of the Company.

About Disc Dynamics

Based in Eden Prairie, MN, Disc Dynamics, Inc. is an orthopedic spine Company founded in 2000 to provide patients and physicians with a minimally invasive surgical alternative for treating degenerative disc disease. The Company has developed the DASCOR® Disc Arthroplasty System, a catheter-based, minimally invasive nucleus replacement technology for the treatment of degenerated lumbar discs. The goal of the DASCOR technology is to relieve pain, restore function and preserve anatomy. For more information, visit the Disc Dynamic’s web site at www.discdyn.com.


Read at BioSpace.com


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