Accuitive Medical Ventures Announces Changes to Management Team.DULUTH, Ga. -- Accuitive Medical Ventures (AMV AMV Anime Music Video AMV Avian Myeloblastosis Virus AMV Alfalfa Mosaic Virus AMV Army Motor Vehicle AMV Assisted Mechanical Ventilation AMV Armored Maintenance Vehicle AMV Accredited Meter Verifier AMV Annulus Master Valve ) and The Innovation Factory (TIF TIF Tagged Image File (file name extension) TIF Tax Increment Financing TIF Temporary Internet Files TIF Transport Innovation Fund (UK) TIF Telecommunications Infrastructure Fund ) today announced that it has added a key executive to serve on both management teams. Rudy A. Mazzocchi will serve as a Venture Partner with AMV and as Vice President, Business Development with TIF. Mr. Mazzocchi, age 47, has 25 years of senior management and financing experience in the medical technology industry and most recently served as Chairman and Interim-CEO of Triton BioSystems, a company developing a nanotechnology based approach to cancer therapy. Previously, he was co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Image-Guided Neurologics, an early stage neurosurgical device company acquired by Medtronic in August 2005. He was also Founder, President and CEO of Microvena Corporation, an interventional medical device company now known as "eV3", a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Mr. Mazzocchi's career includes positions at other start-up medical companies including Vascular vascular /vas·cu·lar/ (vas´ku-ler) 1. pertaining to vessels, particularly blood vessels. 2. indicative of a copious blood supply. vas·cu·lar adj. Science, Inc., CytoGenesis cytogenesis /cy·to·gen·e·sis/ (-jen´e-sis) the origin and development of cells. cy·to·gen·e·sis n. The formation, development, and variation of cells. Also called cytogeny. , and Thermonix. He began his career in Marketing and Product Development at Cook Critical Care. Mr. Mazzocchi holds close to 40 medical device patents and has published numerous scientific and medical journal articles. He holds a B.S. in Life Sciences/Biochemisty from the University of Pittsburgh and completed post-graduate studies in Biophysics/Mathematical Sciences at UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX . Thomas D Thomas D. (born Thomas Dürr, December 30 1968 in Ditzingen close to Stuttgart, Germany) is a rapper in the German hip hop group Die Fantastischen Vier. He frequently works on solo projects. Life After finishing Realschule he took on an apprenticeship as a barber. . Weldon, Chairman of both AMV and TIF, remarked, "I am extraordinarily pleased to have someone of Rudy's caliber joining our organizations. He brings a wealth of entrepreneurial experience, having founded multiple medical device companies. He has been successful in both starting companies and in achieving profitable exit strategies for these companies and their investors. In short, he has the kind of background that is ideal for both AMV as well as TIF." In conjunction with this announcement, AMV announced that, by mutual consent, one of its managing directors, Michael Partsch, has left the firm to pursue other interests. The Innovation Factory was created in 1999 and has become recognized as one of the leading medical device incubators in the industry. It has spun out several device companies, including Acufocus, LipoSonix, Neuronetics, and NeoVista. Accuitive Medical Ventures, L.L.C. is a medical device-focused venture capital firm with over $150 million under management. AMV places a significant part of its investment capital in companies that were initially incubated within TIF. |
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