NIKKO SYNERGY VENTURES 

 

PORTFOLIO

            Company
     Business Focus

ALIGN TECHNOLOGY, INC.

Align Technology designs, manufactures and markets the Invisalign System, a proprietary new method for treating malocclusion, or the misalignment of teeth.   The System corrects malocclusion using a series of clear, removable appliances that gently move teeth to a desired final position. Align Technology went public in 2001.

AMIRA MEDICAL, INC .

Amira Medical develops, manufactures and marketed the AtLast integrated blood glucose measurement system that featured painless, convenient alternate site blood collection and glucose measurement.   AtLast was launched in the U.S. market late in 1999.   Amira was acquired by Roche Diagnostics in 2001.

CARDIAC PATHWAYS CORPORATION

Cardiac Pathways Corporation designs and develops minimally invasive, clinically superior systems to diagnose and cure cardiac tachyarrhythmias, a serious medical condition characterized by a rapid heart rate.   These systems speed the diagnosis of tachyarrhythmias by providing superior mapping and ablation capabilities. The Company went public in 1996 and was acquired by Boston Scientific in 2001.

CARDIOVASC, INC.                                              

Cardiovasc develops, manufactures and markets advanced cardiovascular devices featuring a unique bioactive coating, P15, that promotes rapid endothelialization of medical implants and long-term biocompatibility.   The Company is currently marketing its initial coronary stent graft in Europe and seeking US FDA approval.
CBYON, INC.
CBYON develops, manufactures and markets advanced software for surgical navigation applications running on common operating system platforms.   The Company’s first product will allow the physician to merge a variety of image data sets with real time endoscopic images, preserving and enhancing three-dimensional localization of the working end of the surgical tool.     
DECIBEL INSTRUMENTS, INC.
Decibel developed, manufactured and marketed hearing aids that can be custom fitted and delivered to the patient within one hour. Decibel’s novel articulated joint technology allows unsurpassed patient comfort.   The Company sold directly to the consumer through agreements with existing retail channels.    Decibel was liquidated in 1999.
ENTERIC MEDICAL TECHNOLOGIES, INC.

Enteric Medical Technologies designs, develops, and plans to market novel minimally invasive implant systems for the treatment of gastroesophageal reflux disease (GERD). The Company has developed a new approach for GERD treatment that has the potential to dramatically alter current surgical intervention. Their approach involves injection of a non-erodable biocompatible polymer submucosally in the lower section of the esophageous.   Enteric Medical was acquired by Boston Scientific in 2002.

FOX HOLLOW TECHNOLOGIES, INC.
Fox Hollow Technologies develops, designs and plans to market a novel percutaneous atherectomy device for optimal debulking of occluded coronary arteries.     The Fund received shares in Fox Hollow following the acquisition of Reflow, a portfolio company that planned to develop a catheter-based system for the treatment of chronic total occlusions (CTO) in coronary arteries.
MEDIVANCE, INC.
Medivance develops, manufactures and markets the noninvasive Arctic Sun patient temperature management system for hypothermia treatment in neuro applications such as stroke and fever control, and to improve outcomes for heart attack and cardiac arrest patients.
NATUS MEDICAL, INC.
Natus develops, manufactures and markets proprietary electronic medical instruments and related disposables for the perinatal sector of the hospital equipment market, including obstetrics, neonatology and pediatrics.   The Company's devices are designed for broad screening applications such as hearing impairment and risk of jaundice.   Natus went public in 2001.
OMNICELL TECHNOLOGIES, INC.
OmniCell Technologies designs, manufactures, markets and services automated point‑of‑use supply stations and software that improves the management and control of supplies in hospitals.   The Company's first product, the OmniCell Supply Management System, provides unique automated medical supply dispensing, inventory and billing information capabilities designed to increase hospital productivity and reduce lost charges, labor, and other materials management costs.  OmniCell went public in 2001.
PERCLOSE, INC.
Perclose, Inc. designs, manufactures and markets proprietary suturing devices to close arterial access puncture sites following vascular catheterization procedures.   Their products have demonstrated significant clinical and economic benefits by obtaining rapid, sustained hemostasis (closure) of the arterial access site in fully anticoagulated patients. The Company went public in 1995 and was acquired by Abbott in 1999.
PHARMASONICS, INC.
Pharmasonics develops, manufactures and plans to market power ultrasonic interventional cardiology devices to address the problem of restenosis in coronary arteries.   Their lead product aims to reduce the rate of restenosis after intervention by applying a therapeutic level of ultrasound radiation to the target lesion. Their pivotal trial showed restenosis rates were not significantly different from controls, and the Company was shut down in mid 2003.
PHORMAX, INC .
Phormax designs, develops and plans to market low cost computed radiography (CR) instruments based on their patented laser scanning technology.   The Company decided to merge with Alara Medical in the second quarter of 2002.   The CR product is set for 510(k) approval in late 2003. 
PHYSIOMETRIX, INC.
Physiometrix designs, manufactures and markets proprietary diagnosis and monitoring products for the neurophysiology market.   Their main product is an advanced neurological signal measurement and processing system, the Patient State Analyzer, for depth of anaesthesia monitoring. The Company went public in 1996.
RITA MEDICAL SYSTEMS, INC.
RITA Medical Systems designs, develops, manufactures, and markets novel, minimally invasive surgical ablation systems for the treatment of solid organ tumors.   RITA’s initial products will target primary and metastatic tumors of the liver and other organs, with newer devices planned for bone cancer. RITA Medical went public in 2000.
THERUS, INC .   
Therus is developing a noninvasive high intensity focused ultrasound device to quickly, safely and easily close femoral access sites following interventional cardiology procedures.  Therus entered into an option agreement with Boston Scientific in 2001 that allows for the eventual acquisition of the Company following product development milestones.
TISSUELINK MEDICAL, INC
TissueLink designs, develops and markets disposable surgical products to cut, shrink, and seal tissue using RF energy and saline as a ‘liquid electrode’.   Initial sales of their first products for thoracic surgery commenced in the first quarter of 2001, with other products for orthopedic and general surgery launched in 2002.
ULTRACISION, INC.
UltraCision designs, develops, manufactures, and markets advanced minimally invasive surgical instruments based on its proprietary core technologies in ultrasound energy and harmonic motion. The Company’s Harmonic Scalpel system is a line of powered laparoscopic surgical instruments utilizing highly directed ultrasound energy to incise tissue and coagulate bleeding vessels with precision and safety. The Company was acquired by Johnson & Johnson in 1995.    
VENTRO (NEXPRISE, INC.) / SPECIALTYMD.COM
SpecialtyMD.com developed an Internet portal for education and marketing to select physicians such as cardiologists. The Company was acquired by Ventro (now Nexprise) in 1999.
VIDAMED, INC.
VidaMed, Inc. designs, develops, manufactures and markets cost-effective and clinically efficacious devices for the treatment of significant urologic conditions.   VidaMed's initial focus is the treatment of Benign Prostatic Hyperplasia (BPH) using its proprietary TransUrethral Needle Ablation (TUNA™) system, a catheter-based radiofrequency ablation device, allowing the urologist to precisely target and ablate culprit tissue, while leaving adjacent structures such as the urethra and bladder unharmed. The Company went public in 1995 and was acquired by Medtronic in 2001.
 

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Last Updated: October 16, 2003