06.08.15
Algostim LLC, a subsidiary of Greatbatch Inc.'s QiG Group, is changing its name. The company's new moniker is Nuvectra. It is medical device company commercializing the Algovita Spinal Cord Stimulation (SCS) system to treat chronic intractable pain of the trunk and/or limbs.
"Nuvectra is focused on new ideas and approaches to implantable medical devices that improve the overall safety, efficacy, and usability for clinicians and patients," said Tom Hickman, executive vice president for Greatbatch's Nuvectra subsidiary.
The Algovita SCS system has received CE mark and is currently in limited release in Europe. The system has been submitted to the U.S. Food and Drug Administration, and
company officials anticipate approval in the second half of 2015.
Greatbatch recently announced a proposed tax-free spin-off of Algostim. The spin-off is expected to be completed by the end of 2015, but remains subject to final approval of the Greatbatch board of directors, among other conditions.
Frisco, Texas-based Greatbatch—through its brands Greatbatch Medical, Electrochem and QiG Group—develops and manufactures medical device technologies for the cardiac, neurostimulation, vascular and orthopedic markets; and batteries for high-end niche applications in the portable medical, energy, military, and environmental markets.
"Nuvectra is focused on new ideas and approaches to implantable medical devices that improve the overall safety, efficacy, and usability for clinicians and patients," said Tom Hickman, executive vice president for Greatbatch's Nuvectra subsidiary.
The Algovita SCS system has received CE mark and is currently in limited release in Europe. The system has been submitted to the U.S. Food and Drug Administration, and
company officials anticipate approval in the second half of 2015.
Greatbatch recently announced a proposed tax-free spin-off of Algostim. The spin-off is expected to be completed by the end of 2015, but remains subject to final approval of the Greatbatch board of directors, among other conditions.
Frisco, Texas-based Greatbatch—through its brands Greatbatch Medical, Electrochem and QiG Group—develops and manufactures medical device technologies for the cardiac, neurostimulation, vascular and orthopedic markets; and batteries for high-end niche applications in the portable medical, energy, military, and environmental markets.