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idevtechnologies.com

Founded Year

2006

Stage

Acquired | Acquired

Total Raised

$107.87M

Valuation

$0000 

About IDev Technologies

IDev Technologies is a medical device company engaged in the development and commercialization of a woven nitinol wire, self expanding stent for treatment of peripheral arterial stenosis. IDEV Technologies' products include SUPERA Veritas, a self-expanding nitinol stent system with CE Mark in Europe for treating blockages in blood vessels due to peripheral artery disease (PAD). Stents are used to prop open a blocked vessel and prevent re-blockage. With its proprietary interwoven wire technology, SUPERA Veritas is designed based on biomimetic principles – attempting to mimic the body's natural movement – to promote blood flow in the treated area while offering strength and flexibility. These properties are particularly important when considering treatment for blockages in the blood vessels in the thigh and knee where rapid and frequent movement occurs with daily activities such as walking, sitting and standing.In August 2013, IDev Technologies was acquired by Abbott Laboratories. The valuation of IDev Technologies was $310 million. Other terms of the deal were not released.

IDev Technologies Headquarter Location

253 Medical Center Blvd

Webster, Texas, 77598,

United States

281-525-2000

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IDev Technologies Patents

IDev Technologies has filed 24 patents.

The 3 most popular patent topics include:

  • Implants (medicine)
  • Gastropod anatomy
  • Transcription factors
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/30/2019

6/29/2021

Welding, Implants (medicine), Gastropod anatomy, Transcription factors, Niobium minerals

Grant

Application Date

10/30/2019

Grant Date

6/29/2021

Title

Related Topics

Welding, Implants (medicine), Gastropod anatomy, Transcription factors, Niobium minerals

Status

Grant

Latest IDev Technologies News

Abbott Vascular to shutter Texas plant, move 50 jobs to California

Sep 23, 2014

Tweet September 23, 2014 by Alexander Soule Abbott Vascular plans to shutter a plant in Texas that makes its Supera peripheral stents as it shifts production and 50 jobs to another plant in California. Abbott (NYSE: ABT ) said it plans to shutter the Webster, Texas plant it acquired along with IDEV Technologies last year and move production and 50 jobs to another site in California. Abbott Vascular, which is in the middle of a restructuring plan aimed at streamlining operations and improvinge earnings, revealed the closing of the Houston-area facility in a Sept. 17 Workforce Adjustment and Retraining Notification Act filing. Sign up to get our free newsletters delivered straight to your inbox Santa Clara, Calif.-based Abbott is moving the jobs to Temecula, near San Diego, after picking up the Webster facility last year via its $310 million acquisition of Idev Technologies and its peripheral device portfolio, the Houston Business Journal reported . Abbott Labs is restructuring its vascular, nutrition and diagnostics units, expecting to an record $80 million charge this year for severance and other 1-time expenses. Abbott Vascular has been dealing with a decline in sales of its line of drug-eluting stents in part due to market-share losses, while recording an improvement in the Supera line of stents used in peripheral blood vessels it acquired from Idev. Similar entries

  • When was IDev Technologies founded?

    IDev Technologies was founded in 2006.

  • Where is IDev Technologies's headquarters?

    IDev Technologies's headquarters is located at 253 Medical Center Blvd, Webster.

  • What is IDev Technologies's latest funding round?

    IDev Technologies's latest funding round is Acquired.

  • How much did IDev Technologies raise?

    IDev Technologies raised a total of $107.87M.

  • Who are the investors of IDev Technologies?

    Investors of IDev Technologies include Abbott, RiverVest Venture Partners, Bay City Capital, Heron Capital, Piper Sandler and 4 more.

  • Who are IDev Technologies's competitors?

    Competitors of IDev Technologies include Itamar Medical, Svelte Medical Systems, Tryton Medical, NeoGraft Technologies, Flexible Stenting Solutions and 12 more.

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