Novita Therapeutics LLC has spun out two new medical device companies, which will by managed under contract but operate independently.
Kansas City entrepreneur Nick Franano founded Novita in November 2009 as an incubator and raised $9.4 million to begin developing products. He later created Flow Forward Medical LLC and Metactive Medical LLC as subsidiaries of Novita, and both have reached the point where they can stand alone, he said.
Flow Forward is developing a product called the AFE System, which dilates a kidney failure patient’s veins to make it easier to connect them to hemodialysis equipment. Metactive is developing two products — a Ballstent Microcatheter and a Blockstent Microcatheter — for use in treating cardiovascular disease and brain aneurysms.