financetom
Business
financetom
/
Business
/
Advanced Bifurcation Systems Inc. Acquires Svelte Medical Systems, Inc.
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Advanced Bifurcation Systems Inc. Acquires Svelte Medical Systems, Inc.
Apr 27, 2026 6:14 AM

LIVERMORE, Calif., April 27, 2026 /PRNewswire/ -- Advanced Bifurcation Systems Inc. ("ABS"), a leader in innovative solutions for bifurcation lesions in coronary angioplasty, today announced that it has recently acquired all assets of Svelte Medical Systems, Inc. ("Svelte").

The acquired portfolio includes Svelte's drug-eluting coronary stents, all intellectual property, and the related comprehensive set of US and international regulatory approvals and filings: U.S. Food and Drug Administration ("FDA") Premarket Approval ("PMA"); Europe (CE Mark); and Japan (PMDA).

This acquisition places ABS in a small group of select global companies possessing an FDA-approved drug eluting coronary stent. Combined with ABS's innovative platform (for which ABS was awarded FDA's Breakthrough Device Designation), the acquisition will accelerate ABS's development pathway for its bifurcation-focused technology platform and materially strengthen ABS's presence in the global interventional cardiology market.

"As we advance our mission to transform the treatment of coronary bifurcation lesions, this acquisition will expand our commercial portfolio and represents a pivotal strategic milestone," said Mehran Khorsandi, MD, Chairman and Chief Executive Officer of ABS. "Our technology is designed to address the complexities of coronary bifurcation disease through a simplified, reproducible, and anatomy-preserving approach that overcomes limitations of current techniques. It's devised to improve procedural efficiency and clinical outcomes, while reducing the need for repeat interventions and more invasive surgical procedures." 

For more information about Advanced Bifurcation Systems and its revolutionary approach to coronary artery bifurcation stenting, visit www.advancedbifurcation.com.

Contacts:

Advanced Bifurcation Systems, Inc.

Mehran Khorsandi, MD  

Chairman & CEO

[email protected]

Henry Bourang

President & COO

[email protected]

Ken Richards

CAO/CFO

[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/advanced-bifurcation-systems-inc-acquires-svelte-medical-systems-inc-302753614.html

SOURCE Advanced Bifurcation Systems

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
HK Power Launches as New Distributed Solar and Storage Developer
HK Power Launches as New Distributed Solar and Storage Developer
May 5, 2026
Backed by Apricus Generation, HK Power will acquire and develop large DG-scale projects BROOKLYN, N.Y., May 5, 2026 /PRNewswire/ -- HK Power, a newly formed distributed energy developer, today announced its launch. Founded by industry veterans Josh Hotvet and Omar Khaleel, and backed by Apricus Generation, HK Power will focus on acquiring and developing large distribution-scale solar, solar-plus-storage, and standalone...
Warby Parker Faces 'Challenging' Q1 on Weather, Consumer Pressure, UBS Says
Warby Parker Faces 'Challenging' Q1 on Weather, Consumer Pressure, UBS Says
May 5, 2026
02:49 PM EDT, 05/05/2026 (MT Newswires) -- Warby Parker ( WRBY ) is expected to post a challenging Q1, UBS Securities said, adding that results will likely be impacted by severe winter weather and increasing pressure on the consumer from rising gasoline prices. The brokerage said in a Monday research note that the retailer's core cash paying customer may have...
Assurant Q1 Adjusted Earnings, Revenue Rise
Assurant Q1 Adjusted Earnings, Revenue Rise
May 5, 2026
02:48 PM EDT, 05/05/2026 (MT Newswires) -- Assurant ( AIZ ) reported Q1 adjusted earnings Tuesday of $5.95 per diluted share, up from $3.39 a year earlier. Analysts polled by FactSet expected $5.29. Revenue for the three months ended March 31 was $3.42 billion, up from $3.07 billion a year earlier. Analysts surveyed by FactSet expected $3.29 billion. For the...
Public Knowledge® Acquires Programs from Civic Dinners, Inc. to Expand Team Communication and Leadership Services
Public Knowledge® Acquires Programs from Civic Dinners, Inc. to Expand Team Communication and Leadership Services
May 5, 2026
LAKEWOOD, N.J., May 5, 2026 /PRNewswire/ -- Public Knowledge® has acquired the Workplace Culture Conversations and Civility Training programs from Civic Dinners, Inc., expanding its leadership and team development offerings.  These programs focus on strengthening interpersonal communication and team dynamics, with an emphasis on navigating difficult conversations and addressing conflict in day-to-day interactions. The programs have been adopted across industries and have...
Copyright 2023-2026 - www.financetom.com All Rights Reserved