Standard Bariatrics

Standard Bariatrics receives FDA clearance for the STANDARD CLAMP™

Innovative laparoscopic surgical device offers technical and clinical improvement to #1 bariatric surgical procedure

Cincinnati, Ohio – August 3, 2017 – Standard Bariatrics, Inc., an innovator of bariatric surgical devices, has received U.S. Food and Drug Administration (FDA) clearance for the STANDARD CLAMP™. The first-of-its-kind, disposable laparoscopic surgical clamp can assist surgeons performing laparoscopic sleeve gastrectomy, the most common and effective weight loss surgery. The company has begun commercial distribution of the product in the United States.

“We are extremely excited by the FDA’s clearance of the STANDARD CLAMP™”, said Matt Sokany, President and CEO of Standard Bariatrics. “The sleeve gastrectomy is already the #1 bariatric surgical procedure. As demonstrated over months of clinical use, the STANDARD CLAMP™ solves an unmet clinical need by giving surgeons a tool that helps to enable consistent results while improving patient outcomes.”

More than 60% of patients seeking a surgical solution to weight loss choose the sleeve gastrectomy. During the procedure, surgeons utilize minimally invasive surgical tools and techniques to remove approximately 80% of the stomach, creating a small sleeve or tubular pouch. With the new, reduced stomach pouch patients will more quickly reach satiety, feeling satisfied after eating smaller amounts of food, which is one key component of losing weight and maintaining weight loss.

The STANDARD CLAMP™ is a laparoscopic surgical device designed to clamp the entire length of the stomach enabling surgeons to plan and hold the staple line prior to dividing the stomach during Laparoscopic Sleeve Gastrectomy. Without the STANDARD CLAMP™, surgeons must freehand stapling producing inconsistent results.

“Developing bariatric surgical device innovations that enable surgeons to meet the various surgical needs of their patients is at the core of our culture”, said Jonathan Thompson, MD Founder, and Chief Medical Officer of Standard Bariatrics. “With FDA clearance of the STANDARD CLAMP™, bariatric surgeons now have a device that can help them create more consistent sleeve gastrectomy anatomy, minimizing surgical pouch variations, while improving procedure efficiency and reducing overall cost of the procedure.”

About Standard Bariatrics, Inc.
Standard Bariatrics, Inc., is a Cincinnati based surgical procedure company focused on the innovative development and commercialization of medical devices for the surgical treatment of obesity. Driven by a passionate group of surgical innovators the company will continue to release surgical solutions designed to address the growing global epidemic of obesity. The Standard Bariatrics management team has over 175 combined years of experience in developing and commercializing novel medical device technologies with a record of achieving both clinical and economic excellence for patients and providers. For more information visit www.standardbariatrics.com or call 513-620-7751.

Media Contacts:

Matt Sokany
President and CEO
513- 658-0328

Ronald Galovich
VP & General Manager
908-300-4040

CincyTech Fund IV First Investments

CincyTech announced on Monday the first three firms that will receive seed money from its latest investment fund.

Navistone, a data-driven marketing firm, and two health firms, ReadySet Surgical and Standard Bariatrics, will get funding from the Over-the-Rhine-based accelerator’s $30.1 million Fund IV, which closed in April. The fund is targeting to invest in 25 Southwest Ohio startups in the digital and life sciences fields that CincyTech officials say will create 600 new jobs in the next half decade.

Click link below for the full story:

http://www.cincinnati.com/story/money/2016/05/16/cincytech-unveils-first-investments-new-30m-fund/84461718/

UC Health doctor’s startup lands big investment

Standard Bariatrics, a Blue Ash startup founded by Dr. Jon Thompson of UC Health, has secured a $500,000 investment from the Dayton Development Coalition.

Thompson invented a medical stapler that could change how weight-loss surgery is performed, and the investment from the coalition’s Accelerant Fund I seed-stage venture fund will bring the total raised by Standard Bariatrics to more than $1.5 million by the end of this year.

To read the full story, click the link below:

http://www.bizjournals.com/cincinnati/news/2015/11/16/uc-health-doctor-s-startup-lands-big-investment.html

Cincinnati Children’s pumps $6M into fund to launch startups

Cincinnati Children’s Hospital Medical Center announced today that it will invest $6 million to create startup companies based on technology developed by its researchers.

The hospital, based in Avondale, found out last week that it will receive $3 million in funding from Ohio’s Third Frontier economic development initiative, and Cincinnati Children’s intends to match that three-year grant with $3 million of its own to create the Tomorrow Fund III.

Officials at Cincinnati Children’s haven’t decided which technologies will be tapped for early stage funding to launch companies, but the hospital expects to focus on new methods of addressing unmet medical needs – especially those involving rare pediatric conditions.

Read the full article on Biz Journals.

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