PHOENIX, Jan. 3 /PRNewswire/ -- Arizona Heart Innovative Technologies, LLC (AHIT) announced the sale of a proprietary medical device for endovascular use to a publicly traded medical device company. "This is a proud moment for our Company as we have now demonstrated our ability to bridge the gap between good ideas from the medical community to commercially viable products for medical device companies. We are in effect serving as a cost-effective supplementary research and development resource for companies," says AHIT President Bill Colone. "We currently have several products in the development process that we are continuing to discuss with the appropriate device companies." AHIT licensed the endovascular product in October of 2006 from Venkatesh Ramaiah, MD, a cardiovascular surgeon, and Robert McNutt, a radiology technician, both of the Arizona Heart Hospital. The product was prototyped and tested within ninety days of signing the license agreement and marketed to multiple medical companies immediately following positive test results.
About Arizona Heart Innovative Technologies, LLC
AHIT was formed in August 2006 by Bill Colone and Keith Jarmusch, who have a combined thirty years of experience in developing and marketing medical devices. AHIT provides a vehicle for evaluating and commercializing ideas from the medical community. This process includes product due diligence, market research, securing intellectual property rights, prototyping, and matching the product to the best medical device company through a sales process. The company's Scientific Advisory Board (SAB) consists of cardiovascular surgeons and endovascular specialists with over 80 years of experience treating vascular disease. The SAB is chaired by Edward B. Diethrich, MD, the Medical Director and Founder of the Arizona Heart Institute and Arizona Heart Hospital. AHIT is supported by a Governing Board which includes many prominent business professionals with expertise in patent law, financial services, corporate management, and medical device marketing.
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CONTACT: Arizona Heart Innovative Technologies, LLC, +1-602-200-0898, FAX
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