CORPORATE PROFILE
SUMMARY
MedicalCV is a publicly traded, medical device company that is dedicated to fulfilling unmet cardiovascular and general surgery needs. Our product line consists of ablation systems based on a laser energy technology platform that creates precise lesions, or scars, in cardiac and soft tissues.
The company is committed to developing a stand alone, closed chest, beating heart treatment for Atrial Fibrillation, the most common cardiac arrhythmia today.
The company is headquartered in Inver Grove Heights, a Twin Cities suburb in Dakota County, Minnesota.
HISTORY
Our company was incorporated in Minnesota on March 30, 1992, under the name CV Dynamics, Inc. In April 1992, we acquired all of the tangible and intangible assets of Omnicor, Inc. Omnicor resulted from the corporate and financial restructuring of a predecessor company called Medical Incorporated, which was organized in 1971 to develop and market the Lillehei-Kaster heart valve, licensed from the University of Minnesota.
Until November 2004, we developed and marketed mechanical heart valves known as the Omnicarbon® 3000 and 4000 heart valves. In November 2004, after an exhaustive evaluation of the heart valve business, we discontinued all heart valve related production and focused our development efforts on our laser-based ablation systems.
© 2007 MedicalCV, Inc. All rights reserved.