Physeon GmbH Names Patrick Kullmann Chief Executive Officer

SCHAFFHAUSEN, Switzerland, March 6, 2018 /PRNewswire/ -- Physeon GmbH, a leading developer of medical technology products for venous access, today announced that the Company has named Mr. Patrick Kullmann as its new Chief Executive Officer.

Patrick Kullmann is an accomplished and experienced senior leader in the MedTech, Bio Tech and Pharmaceutical industries. He has served in numerous leadership positions at large, multinational companies including Johnson and Johnson (JNJ), Boston Scientific (BSX) and Medtronic (MDT). Patrick is also a highly qualified and accomplished leader in the startup space with a proven track record of success in the medical technology field. Physeon is his seventh start up in his 33 years career. Most recently, Patrick served as the COO and President for Medovex Corp. (MDVX) on the NASDAQ and OTC markets. He has successfully raised funding in private and public markets.

"We're very pleased to have Patrick join the Physeon team at such an exciting time in its evolution. Patrick's background, experience and accomplishments makes him a perfect leader for the organization," stated Mr. Alan Wilson, CEO of Novintum Medical Technology GmbH, the parent company of Physeon.

"I'm thrilled to join the Physeon team as it continues to move toward the anticipated US clinical trial with its disruptive Veinplicityâ„¢ device for venous access. I am confident that my background in leading highly successful teams will translate into establishing and executing a successful FDA trial strategy for future US approval," said Mr. Kullmann. The Veinplicity device has CE Mark and has been available for sale under a limited pilot launch in EU.

Peripheral IV cannulation is the most commonly performed medical intervention in the world. Successful venous cannulation is challenged in many areas based on the variability in a patient's anatomy and disease state status. Challenges with venous access are common and can lead to delayed procedures, increased costs, further medical complications and patient discomfort. The Veinplicityâ„¢ device addresses these practice challenges by its intended physiological mechanism of increasing the size of the targeted vein and its lumen. Veinplicity is a device consisting of a reusable handheld low power generator coupled with a single use electrode set. The system perfectly fits the "razor-razor blade" medical model for success.

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