Portfolio
Volcano Corp. is a company that develops, manufactures and commercialises a broad suite of devices designed to facilitate endovascular procedures, enhance the diagnosis of vascular and structural heart disease and guide optimal therapies.
The company's intravascular ultrasound (IVUS) product line includes ultrasound consoles that can be integrated directly into virtually any modern cath lab and single use disposable imaging catheters.
In 2006 Volcano Corp. successfully completed an Initial Public Offering on NASDAQ (NASDAQ: VOLC).
Status: Realised
Investment
NeoMed identified Volcano Corp. as attractive investment opportunity in 2002 and had early access to the opportunity through personal contacts and network in the venture capital industry in the US.
NeoMed participated in a relatively small financing round which two industrialist investors, Medtronic and Johnson & Johnson.
NeoMed provided occasional strategic input to the board in particular related to the European strategy.
NeoMed sold its shares on NASDAQ in 2006, 2007 and 2008.