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Arizona Heart Innovative Technologies Licenses New Endovascular Device

Thursday, November 13, 2008 General News
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PHOENIX, Nov. 12 Arizona Heart Innovative Technologies,LLC (AHIT) announced the license of a new medical device for endovascular useto a publicly traded medical device company. "This is the secondAHIT-developed product that we have licensed in the past ten months. Wecontinue to demonstrate our ability to bridge the gap between good ideas fromthe medical community to commercially viable products for medical devicecompanies. This confirms the viability of our business model to serve as acost-effective supplementary research and development resource for companies,"says AHIT President and CEO, Bill Colone. "We have additional products thathave completed the development process and we are continuing to discussoptions with many device companies."
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AHIT licensed the endovascular product in July of 2007 from Hani Shennib,MD, a cardiovascular surgeon formerly at the Arizona Heart Hospital. Theproduct was prototyped, tested and marketed to multiple medical companiesimmediately following positive clinical test results. The product shouldreach both the U.S. and international markets by the first quarter of 2009.
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About Arizona Heart Innovative Technologies, LLC

Bill Colone, who co-founded AHIT in August 2006, has over 26 years ofexperience in developing and marketing medical devices. He served asPresident of Endomed, Inc. for over ten years, until its sale to LeMaitreVascular (LMAT) in February 2005. Bill holds eleven US patents for medicaldevices with other applications pending.

AHIT provides a vehicle for evaluating and commercializing ideas from themedical community. This process includes product due diligence, marketresearch, securing intellectual property rights, prototyping, and matching theproduct to the best medical device company through a sales process. Thecompany's Scientific Advisory Board (SAB) consists of cardiovascular surgeonsand endovascular specialists with over 80 years of experience treatingvascular disease. The SAB is chaired by Edward B. Diethrich, MD, the MedicalDirector and Founder of the Arizona Heart Institute and Arizona HeartHospital. AHIT is supported by a Governing Board which includes manyprominent business professionals with expertise in patent law, financialservices, corporate management, and medical device marketing.

This release was issued through eReleases(TM). For more information,visit http://www.ereleases.com.If you would like to discuss your idea or concept, please contact us: Arizona Heart Innovative Technologies, LLC 10429 South 51st Street, Suite 220, Phoenix, AZ 85044 Tel: 602.200.0898 Fax: 602.200.0899 Email: [email protected] Web: http://www.ahitechnologies.com

SOURCE Arizona Heart Innovative Technologies, LLC
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