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Crospon

crospon.com

Founded Year

2006

Stage

Acquired | Acquired

Valuation

$0000 

About Crospon

Crospon is an endoscopic diagnostics company. Its Endoflip technology is a minimally invasive medical device for swallow-testing diagnostic tools.

Headquarters Location

Galway Business Park Dangan

Galway, H91 P2DK,

Ireland

+353-91-519880

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Expert Collections containing Crospon

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Crospon is included in 1 Expert Collection, including Medical Devices.

M

Medical Devices

3,088 items

Companies that have been granted at least 1 510(k) by the FDA since 2014. Companies tagged as #FDA510(K)

Crospon Patents

Crospon has filed 1 patent.

The 3 most popular patent topics include:

  • Adhesive tape
  • Fluid dynamics
  • Fluid mechanics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/5/2015

4/13/2021

Sensors, Endoscopy, Medical equipment, Fluid dynamics, Abdomen

Grant

Application Date

11/5/2015

Grant Date

4/13/2021

Title

Related Topics

Sensors, Endoscopy, Medical equipment, Fluid dynamics, Abdomen

Status

Grant

Latest Crospon News

Medtronic to close Crospon medtech plant in Galway

Feb 25, 2019

Leading medical device manufacturer says operations will move to other plants, including one in Galway about an hour ago       Medtech giant Medtronic is shutting down the Galway operation of Crospon , an Irish company is bought just more than a year ago. The company told staff last week that it would close the site at the IDA Business Park at Dangan over the next 12 months. Production will move to other Medtronic facilities, including elsewhere in Galway city. Medtronic, the world’s largest maker of medical devices, bought the Irish business in December 2017 for a reported €38 million. Crospon specialises in devices for diagnosing gastrointestinal conditions. Speaking to The Irish Times after the company announced better-than-expected quarterly results and upgraded its full-year sales forecasts last week, chief executive Omar Ishrak said Crospon was doing well. “It’s one that we’re pleased with. The acquisition has been integrated fairly well.” Medtronic confirmed that Crospon’s R&D operations would remain in Ireland. “Medtronic operates within a highly-competitive global healthcare environment,” a spokesman for the company said, adding that it consistently evaluate its global operations to improve operational efficiency “As a result Medtronic will close its manufacturing facility in Dangan, Galway, Ireland, and move operations to other Medtronic facilities with similar capabilities.” Manufacturing He said the Galway business manufactures the Endoflip imaging system, and Endoflip and Esoflip balloon catheters. “The Endoflip system provides an internal view of the gastroesophageal junction during endoscopic and surgical procedures. Endoflip and Esoflip catheters are used to dilate the junction during endoscopy,” he explained. Medtronic is headquartered in Ireland although for practical purposes its base of operations remains in the US. Its acquisition of rival Covidien in a $50 billion (€44bn) deal in 2015 was the last big corporate inversion – a controversial arrangement that saw many US companies acquire businesses in Ireland and elsewhere in order to reduce their exposure to high US corporate tax. The company has a significant physical presence in Ireland, employing around 4,000 people. “We recognise the strong work, dedication, and quality of the Crospon team,” the Medtronic spokesman said. “We are providing employee assistance to help affected employees through the transition.”

Crospon Frequently Asked Questions (FAQ)

  • When was Crospon founded?

    Crospon was founded in 2006.

  • Where is Crospon's headquarters?

    Crospon's headquarters is located at Galway Business Park, Galway.

  • What is Crospon's latest funding round?

    Crospon's latest funding round is Acquired.

  • Who are the investors of Crospon?

    Investors of Crospon include Medtronic, Enterprise Ireland and Western Development Commission.

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