The $2.38 million investment is expected to create 90 new jobs, according to the South Carolina Department of Commerce. The facility will be located at the Charleston International Manufacturing Center in Goose Creek, S.C. It’s expected to open by next month.
Med-Ally is the designer and developer of the VersaStim neuromodulation platform technology. VeraStim is a more than 16 channel platform that can be quickly modified to meet customer therapeutic requirements. Think both internal and external devices to treat movement disorders, spinal cord injuries, chronic pain and traumatic brain injuries.
“We are excited to join the growing South Carolina medical device community and deliver innovative bioelectronic products that positively impact the global Healthcare market. The Med-Ally team is looking forward to working with distinguished clinicians, university medical teams, industry partners and university students dedicated to providing disruptive medical device solutions to treat debilitated patients worldwide,” John Mulvihill, Med-Ally’s president and co-founder, said in South Carolina Commerce Department news release.
Med-Ally’s website presently lists locations in Clinton, N.Y., Summerville, S.C., and Somers, Conn. The seven-year-old company has employee numbers in the 11 to 50 range, according to its LinkedIn profile.