Local startup Tangent Medical gets FDA approval for IV device
Scio Township-based Tanget Medical Technologies believes it has found a way to make intravenous needles in hospitals a less unpleasant experience. The device: A new IV catheter that will hold needles more steady, with the intention of making life easier for both patients and nurses.
Melanie Maxwell | AnnArbor.com
Tangent is a spinoff from the Univeristy of Michigan Innovation Center and its CEO, Jeff Williams, was behind successful medical technology startups Accuri Cryometers and HandyLab. Both companies sold to New Jersey-based medical device company Becton, Dickson for almost $500 million.
According to Bomey’s report, Tangent is marketing NovaCath as cost-saving, safer device that is easier to use for nurses and less of a pain for patients. The company currently employs about 15 people and has raised about $10 million in venture capital.
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