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AdvaMed Honors Dr. Thomas J. Fogarty with Lifetime Achievement Award
Washington, D.C. – The Advanced Medical Technology Association (AdvaMed) today bestowed the third annual AdvaMed Lifetime Achievement Award to internationally renowned cardiovascular surgeon, innovator and entrepreneur Thomas J. Fogarty, MD, inventor of the balloon catheter that is now used in more than 300,000 procedures worldwide each year.
AdvaMed’s Lifetime Achievement Award highlights the accomplishments of a pioneer in the medical technology sector whose contributions have had a significant impact on patients’ lives and the industry as an essential part of America’s economy. This award recognizes Dr. Fogarty’s achievements and unparalleled leadership in medical innovation, public engagement and mentorship to aspiring entrepreneurs.
“Dr. Fogarty has spent his entire career dedicated to advancing the medical technology industry and improving patient care worldwide,” said Stephen J. Ubl, president and CEO, AdvaMed. “His balloon catheter technology has saved countless lives and paved the way for an entire field of minimally invasive procedures that are reducing hospital stays and improving recovery times. Today, he is passing his knowledge and experience along to the young innovators of tomorrow. We are honored to present the award this year to Dr. Fogarty.”
Dr. Fogarty is widely regarded as the preeminent inventor of medical technologies of his generation. He is most well-known for inventing the embolectomy catheter, or balloon catheter, more than five decades ago. Today, the balloon catheter is the standard of care to remove blood clots, saving the lives and limbs of an estimated 20 million people since its invention. Edwards Lifesciences began manufacturing the catheter in 1969.
Since then, Fogarty has acquired 165 medical patents for his revolutionary work and has founded or co-founded more than 40 medical technology companies. His inventions heavily influence the way surgery is performed today. Fogarty has been recognized by countless organizations for his contributions to medical science, including receiving the Presidential National Medal of Technology and Innovation in 2014.
“I am truly heartened to be recognized with the Lifetime Achievement Award from AdvaMed,” said Fogarty. “It has always been my belief that there ‘has to be a better way,’ and so I have spent my entire career finding solutions to difficult clinical problems. I am now passing the torch to the next generation of medtech innovators as they seek to solve the health care challenges of the future.”
Fogarty is well-known for his guidance, mentorship and support to aspiring young innovators. In 2007, he founded The Fogarty Institute for Innovation, a non-profit organization that provides support to promising innovators and researchers as they transform their creative ideas into practical solutions to improve patient care. To date, the Fogarty Institute has helped dozens of innovators from concept to market.
The award will be presented during AdvaMed 2015, the industry's annual MedTech Conference at the San Diego Convention Center. The annual conference brings together more than 1,000 companies in a uniquely multifaceted environment for business development, capital formation, innovation technology showcasing, world-class educational opportunities and networking.
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