Abbott Acquires Kalila Medical and Expands Abalation Catheter Offerings
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On February 2nd, 2016, Abbott announced its acquisition of Kalila Medical, Inc., a private medical device company using cardiac electrophysiology procedures for the treatment of heart rhythm disorders. According to the press release, the California-based company developed a steerable sheath (Vado®) for atrial fibrillation and other electrophysiology procedures. The technology helps clinicians by improving torque response, prevent whipping, and provide better navigation ability.
“Atrial fibrillation is a serious condition that increases the risk of stroke and causes severe symptoms in many patients, but remains undertreated today because current technologies have limited effectiveness,” said electrophysiology GM Michael Pederson. “With this acquisition, Abbott gains a unique technology to expand our portfolio of tools for the treatment of atrial fibrillation and other heart rhythm disorders. We look forward to initiating the launch of this innovative sheath in the United States and Europe in the coming weeks.”
Abbott has made other acquisitions relating to arrhythmia diagnosis and management. In October, 29, 2014, Abbott announced its agreement to purchase Topera, Inc. for $250 million, another private medical device company that developed a novel diagnostic catheter and mapping software, which help physicians identify the electrical source of complex cardiac arrhythmias. Abbott also secured the right to purchase Advance Cardiac Therapeutics, Inc. in the future, a medical device company that develops temperature-sensing irrigated radiofrequency ablation catheters for treatment of atrial fibrillation. Abbott also joined with GE for a collaborative effort to improve diagnostics for patients with atrial fibrillation.
According to the press release, atrial fibrillation is the most common heart rhythm disorder, with five million new cases reported annually. Some estimate the global electrophysiology market to grow at a compound annual growth rate of 10.3% from 2014 to 2019, to reach a market of $4.73 billion.
Keith Lim is an associate in the firm's Orange County office. Mr. Lim practices intellectual property law, with a focus on patents.
He worked at Lockheed Martens Corporation as an inventor, where he graduated from their leadership program, completed his Master’s degree, obtained a patent award, and became the youngest member of the Patent Review Board. His experiences involved FPGA firmware coding, system architecture for transceivers, RF path analysis, Matlab simulation coding for sonar systems and a space fence, and hands-on integration and test. He also worked for BAE Systems, Bell-Labs, and Micron Technology.
Before attending law school, Mr. Lim worked for a law firm in Korea in their international department. During law school, he served as a notes editor in the Michigan Telecommunications and Technology Law Review.
Mr. Lim joined the firm in 2015.
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