Vitality
Devices, a new Australian company founded to commercialise medical devices in
Asia-Pacific, has signed its first two distribution deals.
New Australian start-up Vitality Devices has
signed agreements to distribute two medical devices locally and across
Asia-Pacific.
Vitality, founded by former ChemGenex CEO Greg
Collier and COO Dr James Campbell, has announced distribution deals with CuraƧao's
Impulse Dynamics NV and Israel's MetaCure Ltd.
The deals cover Impulse Dynamics' OPTIMIZER
chronic heart failure treatment system, and MetaCure's DIAMOND system for
treating type 2 diabetes.
Vitality will be granted the rights to
distribute these products in Australia, Singapore, Taiwan, South Korea, the
Philippines, New Zealand, Indonesia, Malaysia, Thailand, Vietnam, Cambodia and
Laos, as well as the United Arab Emirates.
Vitality was founded to commercialise new
medical technology in the Asia-Pacific region. Announcing the deal, Vitality
CEO Greg Collier said the company plans to make the two products the
cornerstone of its commercial platform, and to add new devices to the pipeline
over time.
Collier agreed to sell ChemGenex to US-based
Cephalon in 2011 for $159 million. Cephalon was already a shareholder, having
first bought into ChemGenex a year earlier.
ChemGenex had been founded to develop
pharmaceutical cancer treatments, and at the time of the sale had been
preparing a New Drug Application with the US FDA covering a treatment for
chronic myelogenous leukaemia (CML).
Dylan Bushell-Embling
Australian Life Scientist
Business & Investment Opportunities
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