Debiotech SA and a private investor group announces the formation of a new company: SMC-Swiss Medical Care SA.
(November 26, 2003)
Lausanne, Switzerland, November 26, 2003: As previously announced, the Company’s CT ExprésTM Contrast Media Injector System for CT Scan has been spun-off into a separate privately held company, SMC-Swiss Medical Care SA, and Larry Minix has been appointed Chief Executive Officer of the new company.
"This date represents a major step in our company’s history. After 13 years of numerous developments of medical devices and successful license agreements with major companies through the world, Debiotech is entering for the first time into direct marketing and sales for one of its very innovative product through a spin-off company" says Dr. Frédéric Neftel, President and CEO of Debiotech SA. "CT ExprésTM is the result of over 6 years of development targeted at better satisfying customer’s needs, cost containment considerations and safety concerns. Swiss Medical Care will be operated independently of Debiotech SA, with the lead of Larry Minix, as CEO, who has a long and successful experience in the field of Medical Devices, in the US as well as in Europe. Swiss Medical Care would not have been possible without the strong support of highly experienced investors who have demonstrated in their past experience, exceptional skills to transform innovative products into real successes. We are extremely proud of enjoying their personal collaboration in this exciting venture."
The innovative CT ExprésTM Contrast Media Delivery System is being launched at the RSNA Congress in Chicago, IL, next month. The launch comes at a time when there is tremendous growth and change in the Computed Tomography market, where new multi-slice scanners are rapidly replacing older modalities. CT ExprésTM fits the requirements of this niche market. Its unique single-use disposable cassette permits delivery to be made directly from standard Contrast Media bottles. CT ExprésTM offers the most convenient way of administering Contrast Media in the hospital and private imaging settings. In addition, CT ExprésTM features automatic saline flush and multi-dosing to address a major need in today's imaging techniques.
"I am thrilled to accept the position of CEO of SMC - Swiss Medical Care SA", said Minix. "The formation of Swiss Medical Care into an independently operated, privately held company is an exciting milestone in the evolution from an innovative product platform which results in a totally new company." Minix adds, "We are well underway with several strategic and organic initiatives, our goal is to maintain a relentless pursuit of both operating efficiencies and product development that bring maximum value to our customers and shareholders."
Minix has spent over 30 years in the global healthcare industry in a variety of sales, marketing, and general management roles. Most recently, Minix was General Manager, Non-Hospital Tyco Healthcare Group, Europe, Middle East & Africa.
Avenue de Sevelin, 28
CH-1004 Lausanne, Switzerland