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Novalung and Medos Start Cooperation
Date:1/27/2011

ow well accepted," the former cardiothoracic surgeon noted. "In order to further expand our market leadership as the pioneering company in this field, we will develop a full product portfolio in 2011. With the cooperation with Medos this can be accomplished more quickly than we originally expected." Matheis also pointed to the newest member of Novalung's executive management team, Josef Bogenschutz, who left medical device company Maquet and joined Novalung just a few weeks earlier. "In addition to strong leadership, Josef Bogenschutz brings with him great expertise in the development and manufacturing of artificial lungs. With him on board we are ideally positioned to aggressively develop additional innovative solutions for the replacement of invasive mechanical ventilation. Together, and with the support of our clinical partners, we will realize the vision of increasingly avoiding the damage of invasive mechanical ventilation."

Bogenschutz, who most recently drove the successful growth of Maquet Cardiopulmonary AG as President and CEO, is equally optimistic concerning the expansion of the zfhn portfolio. "I am pleased that this new cooperation provides so many areas of synergy for both companies. We will jointly leverage our know-how in the high-end cleanroom manufacturing of artificial lungs to further optimize our manufacturing efficiencies." He also presented Novalung's core strategy to intensify the company's research and development activities and to further expand sales in the core markets in Europe and the USA.

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Being a venture capital company, the Zukunftsfonds Heilbronn (future fund, short: ZFHN), founded in 2006, supports the development of young and technology based companies from the very first beginning when starting off with an innovative idea towards a successful enterprise. The focus is on promising sectors such as life science, IT, energy, industrial and environ
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SOURCE Novalung, Inc.
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