Press Release
Gary Mittleman Joins Management Team of Local Start-up Company
September 28, 2015. ReVivo Medical, LLC annou...
patients; the inability to manufacture products in commercial quantities at an acceptable
cost; possible delays in the com...
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Press Release Mittleman Joins ReVivo Medical

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - Press Release Mittleman Joins ReVivo Medical

  • 1. Press Release Gary Mittleman Joins Management Team of Local Start-up Company September 28, 2015. ReVivo Medical, LLC announced today that Gary Mittleman has joined its management team as President and CEO. “It was time to begin the transition process from laboratory research and design to product commercialization.” Says Eric Ledet, PhD. a founder and board member of the Company. “We think Gary is a great fit for our organization, he has proven skills as a business leader, and is particularly strong in creating value for small high growth companies.” Spinal surgeries often use plates (akin to splints) to hold the vertebrae in place during the healing process. Worldwide, the plates comprise nearly $1 billion in sales. “The industry, had gotten a little lazy and there had not been any innovated design changes to these plates in years which is what brought the founders of ReVivo Medical together,” explained Mr. Mittleman. Darryl DiRisio, MD. a spinal surgeon at Albany Medical Center and two biomedical engineers (Eric Ledet, PhD. and Glenn Sanders, PhD.) teamed up in 2011 with the aim of developing products that improve patient health, facilitate an easier surgery process and reduce costs in this ever competitive healthcare arena. Mr. Mittleman goes on to state that “two patents are now pending, which when issued are likely to produce a huge competitive advantage for the Company in the area of elastic micro-motion implantable products.” The Company expects its first commercial sales in 2017. About ReVivo Medical, LLC., headquartered in Guilderland, New York, is developing elastic micro-motion implantable medical products for use by surgeons on patients with spinal pathology. Cautionary Statement Regarding Forward Looking Statements This press release contains forward-looking statements that are not purely historical regarding ReVivo Medical's or its management's intentions, beliefs, expectations and strategies for the future, including those relating to the development, cost, size, intended use and technical specifications of the medical products, the potential impact on outcomes and costs associated with spinal surgeries, and the potential profits to be made by ReVivo Medical pursuant to the successful commercialization of their product(s) and the size of market and market share of products. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results could differ materially from ReVivo Medical's current expectations. Factors that could cause actual results to differ materially include risks and uncertainties such as those relating to: the inability to successfully development new products and obtain regulatory approval; a lack of acceptance in the marketplace by physicians and
  • 2. patients; the inability to manufacture products in commercial quantities at an acceptable cost; possible delays in the company's development programs; the inability of patients or hospitals to receive reimbursement from third-party payors; and inadequate financial and other resources. All forward-looking statements and reasons why results might differ included in this release are made as of the date of this press release, based on information currently available to ReVivo Medical, and ReVivo Medical assumes no obligation to update any such forward-looking statement or reasons why results might differ. Contacts: ReVivo Medical, LLC. www.revivomedical.com Eric Ledet, PhD. (518) 928-2455 or Gary Mittleman (518) 527-4747 info@revivomedical.com

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