Coronis Medical Ventures
Coronis Medical Ventures in Silicon Valley is a unique "business accelerator" that addresses the need of the medical device industry for experienced management, development support and financing at the very early stages of medical device development.
Research Corporation Technologies is a partner in the venture with Coronis founders and managers Carl Simpson, Wil Samson, Roger Stern, Ph.D. and Mark Klopp. The Coronis management team has more than 100 years experience in the medical device field, having managed product development from concept through commercial success.
Coronis provides a blend of seed capital, hands-on venture development and prototyping support that includes access to a staffed and operational FDA-registered pilot and commercial manufacturing facility, Stellartech Research Corporation in Sunnyvale, Calif. RCT is providing Coronis operations and investment capital. Along with capital, RCT brings its own deal-sourcing capabilities, relationships with academic institutions and medical centers, intellectual property, licensing and due diligence expertise.
Coronis' primary areas of interest are therapeutic medical devices that present minimally invasive alternatives to conventional surgery in fields such as cardiovascular and neurovascular medicine, orthopedics, cosmetics, pulmonology, gastroenterology, urology and ophthalmology.
For each portfolio company, Coronis invests capital and assumes executive and board roles as required to oversee initial product prototyping and proof of concept. When these milestones are achieved, Coronis coordinates a follow-on financing to allow the company to proceed rapidly to product commercialization. At this stage, Coronis serves in an advisory capacity and provides ongoing guidance as board members.
The complementary strengths of RCT and Coronis are a powerful combination. The Coronis 'Dream Team' will provide device startups with exactly the financing, managerial and development talent they need.
For additional information, contact: Mark Klopp, Managing Director, Coronis Medical Ventures, (925) 872-1051