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Philips to buy Vesper Medical and its advanced venous stent portfolio

December 14, 2021 By Chris Newmarker

The Vesper DUO Venous Stent System Philips
The Vesper DUO Venous Stent System [Image courtesy of Vesper Medical]
Royal Philips announced today that it will acquire Vesper Medical, a Wayne, Pennsylvania–based maker of minimally-invasive peripheral vascular devices.

The financial terms of the deal were not disclosed.

The purchase will enable the Dutch medtech giant to expand its diagnostic and therapeutic devices portfolio with advanced venous stents. The result will be a complete procedural solution for peripheral artery disease (PAD) treatment, according to Philips.

“The acquisition of Vesper Medical is another step in our objective to innovate patient treatment with more sophisticated technology and expand our growth in the vascular therapy space,” said Chris Landon, SVP and GM of Image Guided Therapy Devices at Philips.

“Leveraging our significant procedural expertise, we see strong clinical synergies between Vesper Medical’s innovative stenting solution and our existing peripheral vascular offering,” Landon said. “This combined offering will help to better support clinicians to decide, guide, treat and confirm during the procedure, thereby enhancing patient care.”

Vesper Medical is the maker of the Vesper DUO Venous Stent System meant to treat deep venous obstruction. The company boasts that the DUO is uniquely engineered to address the multiple anatomical challenges of the deep venous system.

Filed Under: Stents Tagged With: Philips, Vesper Medical

About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.

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