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Adhesys Medical Wins Virginia Rybski MedTech Entrepreneur Award at AdvaMed 2016
MINNEAPOLIS, MINN. – AdvaMed Accel announced that Adhesys Medical has been awarded the Virginia Shimer Rybski Memorial Award, which recognizes the potential of a promising entrepreneur or entrepreneurial medical technology company.
Surgeons still suture and staple more than they would like to, as surgical adhesives and hemostats are not effective in many cases. In high-risk applications, leakage complications and even death still occur. To address these challenges, Houston-based Adhesys has developed a hydrophilic, strong, flexible, bioabsorbable and ready-to-use surgical glue. Adhesys’ formulation is designed to close wounds of the skin and to be used inside the body, to reinforce suture lines or to stop even strong bleeding.
“We are honored to receive this award at AdvaMed 2016,” said Alex Schüeller, president of Adhesys Medical. “This event was a great experience, impactful and enjoyable, and we look at the award as a further motivation in our quest to improve the lives of patients.”
“I was thrilled to see Adhesys Medical overwhelmingly voted the winner by an audience of leading medtech executives and investors as the company executing the strongest, among a field of six companies who are all performing incredibly well,” said Paul Grand, CEO, MedTech Innovator. “The team at Adhesys Medical and their drive to develop a truly transformational technology embodies the entrepreneurial spirit and honors the memory of Virginia Shimer Rybski.”
“Adhesys Medical is a great example of the dynamism and innovation that embodies the medical technology sector and is having such a positive impact on patients worldwide,” added Ashley Wittorf, executive director, AdvaMed Accel. “We are thrilled to be able to contribute to the commercialization of their life-changing technology.”
The Virginia Shimer Rybski Memorial Award was created to encourage the enthusiastic pursuit of business excellence in the medical technology industry. It is named after the late entrepreneur and patient care advocate Virginia Rybski, president and CEO of Regenesis Biomedical and a member of AdvaMed’s Board of Directors and the association’s Accel Executive Committee, who passed away in 2013.The award is presented each year during the association’s annual meeting to a single presenting company or entrepreneur.
This year, AdvaMed Accel and MedTech Innovator joined together to present a combined award to a 2016 MedTech Innovator company. Virginia Shimer Rybski Memorial Award winner Adhesys Medical was selected by a live audience vote at the MedTech Innovator Execution Award competition during the AdvaMed Accel Leadership Seminar.
This year’s award includes:
- A $10,000 grant to be applied towards expenses required for commercializing an innovative medical technology. MedTech Innovator provided an additional $25,000 in cash prizes, for a total cash prize of $35,000;
- Complimentary membership in AdvaMed for one year; and
- A complimentary full-access pass to AdvaMed 2017 in San Jose, California, September 25-27, 2017.