WinMed is looking for a buyer for the VariSoft guidewire developed by founder & CEO Ed Winters, inking a deal with medical device incubator Hatch Medical to broker the sale or licensing of the device.
Atlanta-based Hatch Medical said the VariSoft device is designed to be soft and flexible enough to navigate twisting blood vessels to the site of a lesion, then “hardened” by the cardiologist to be stiff enough to cross the lesion.
The guidewire includes a flexible, soft-tipped, torqueable stainless steel coil wire and a dual-action steering handle that controls the in vivo transformation of tip shape, support and stiffness, Hatch said. Andover, Mass.-based WinMed won 510(k) clearance from the FDA for VariSoft in 2000.
“The VariSoft wire is an amazing technology that will change the way clinicians approach complex vascular disease. Not only will the VariSoft reduce procedural costs through a reduction in wire exchanges, it will likely enable access to lesions otherwise thought improbable,” Hatch Medical managing principal Paul Gianneschi said in prepared remarks.
“We are very excited to have the expertise of Hatch Medical on our side, and look forward to identifying a partner that is committed to the commercialization of this remarkable technology and our mutual success,” Winters added.