Laborie
TypePublic company
Nasdaq: CGNT
IndustryMedical Equipment
Founded1987
HeadquartersOrangeburg, New York,
United States
RevenueUS$16.33 Million (As of 2013)[1]
WebsiteOfficial website

Cogentix Medical (Nasdaq: CGNT) is an international endoscopy product manufacturer and supplier. It was founded in 1987 by Lewis C. Pell and Katsumi Oneda and is based in Orangeburg, New York.[2][3] In December 2013, the company was selected by 21st Century Oncology Inc. as 21st Century’s Preferred Vendor of Choice, and Laborie's products will be applied in medical treatment in a variety of therapeutic areas, including cancer care.[4]

Background

EndoSheath technology is a patented technology of the company. It was invented by Dr. Fred E. Silverstein, who is a notable gastroenterologist. He believed that the reprocess of endoscope was complex at that time and wanted to improve the technology with lower cost and less contamination risk.[5] During the outbreak of the Nightmare Bacteria “Super bug”, which raises cross-contamination problems at Advocate Lutheran General Hospital, the EndoSheath solutions successfully reduced patients’ infection.[6]

The company has two segments including medical and industrial. The medical segment develops and manufactures endoscopy products incorporating its EndoSheath technology for professionals through its subsidiary, Machida, Inc.[3] The product of industrial segment are borescopes provided to aircraft engine industry.[7] The endoscope products and EndoSheath technology of the company have markets in urology, pulmonology, surgery, gastroenterology, ENT and spine.[8]

References

Notes
  1. ↑ "Vision Sciences.: Key Statistics for NIC Ltd.- Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-24.
  2. ↑ "VSCI: Summary for Vision Sciences Inc.- Yahoo! Finance". Yahoo.finance.com. Retrieved 2014-02-24.
  3. 1 2 "VSCI Stock Quote - Vision-Sciences Inc. Stock Price Today (VSCI ..." Marketwatch.com. Retrieved 2014-02-24.
  4. ↑ "Vision-Sciences Selected as Preferred Vendor for Endoscopy Equipment by 21st Century Oncology". Globenewswire.com. 2013-12-19. Retrieved 2014-02-24.
  5. ↑ "Vision-Sciences, Inc. History". Visionsciences.com. Retrieved 2014-02-24.
  6. ↑ "Vision-Sciences' EndoSheath(R) Technology Offers Patented Solution to "Nightmare Bacteria"". Online.wsj.com. Retrieved 2014-02-24.
  7. ↑ "Vision-Sciences, Inc.: NASDAQ:VSCI quotes & news - Google Finance". Yahoo.finance.com. Retrieved 2014-02-24.
  8. ↑ "Vision-Sciences, Inc.: NASDAQ:VSCI reuters.com". Reuters.com. Archived from the original on 2014-02-28. Retrieved 2014-02-24.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.