Indy Medical Device Maker Details Maryland Collaboration

Posted: Updated:
City Garage is located in the Port Covington area of Baltimore. City Garage is located in the Port Covington area of Baltimore.
BALTIMORE -

Indianapolis-based Engineered Medical Systems Inc. is partnering on a new medical device manufacturing operation and accelerator in Baltimore. The collaboration with The MVR Co. of Maryland will result in The Factory and The LaunchPort, located in a parking structure-turned-entrepreneurial hub on the waterfront called the City Garage.

City Garage is part of a the Port Covington area, which is in-line for $5.5 billion redevelopment plans with big backers like Under Armour Inc (NYSE: UAA) founder Kevin Plank. MVR says it has been in talks for several years with EMS regarding a possible medical device operation in Baltimore.

EMS Co-President Brad Quinn says "we have been intrigued by the vibrancy of the clinical and innovation atmosphere in Maryland, and have in fact had several productive relationships in the past with researchers and physicians from the area. We view this as a timely opportunity to engage more deeply with the medical device community in greater Baltimore and Maryland."

The LaunchPort, the accelerator portion of the project, will be located with The Factory manufacturing space. Officials say it will be include assembly, clean room, laboratory and administrative support facilities. Quinn adds "the residents will have full access to and ability to incorporate these tools into their businesses - a critical step to gain regulatory approval. We've already had discussions with several candidates and are extremely excited about this opportunity to make these capabilities available to the area."

MVR Principal Bob Storey will serve as managing partner of The LaunchPort, which will be home to young medtech businesses. The companies expect to occupy the space in the fourth quarter. You can read more about The Factory and The LaunchPort by clicking here.

  • Perspectives

    • The Evolution of Business: From Bottom Line to Value Creation And Impact

      In today's world, consumers want to know how corporations, as a whole, are taking a stand. In fact, customers are 43 percent more likely to purchase a product from a company they know is committed to social value. It's not just consumers pushing this trend. Financial service industry leaders, like KeyBank's Beth Mooney and BlackRock's Larry Fink, are challenging business owners and the C-Suite to rethink their economic impact, environmental footprint and social conscience.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • St. Vincent Announces Layoffs

      St. Vincent Health says it has laid off 85 employees throughout the state. In a statement to Inside INdiana Business, St. Vincent cites a rapidly-evolving healthcare environment as a reason for the workforce reduction. 

    • Indy Firm Taps Appirio Exec as CEO

      An Indianapolis-based design and innovation consulting firm has named a new chief executive officer. Studio Science says Steve Pruden, who most recently served as senior vice president of human resources with Indy tech company Appirio, will lead the company.

    • (Rendering provided by the city of Fishers.)

      New Office Building Planned in Fishers

      An $8.5 million office building is planned for the Fishers Certified Tech Park in Hamilton County. Plans call for a multi-story facility with 31,000 square-feet of space. Carmel-based The Hageman Group is partnering with the city on the project. Current properties in the Tech Park include Launch Fishers and the Indiana IoT Lab. President Shane Hageman says...

    • Old National Bringing on KleinBank

      Evansville-based Old National Bancorp (Nasdaq: ONB) has agreed to acquire a Minnesota bank. The all-stock transaction for Klein Financial Inc. is currently valued at nearly $434 million. The deal, which has received the approval from the Old National and Klein boards of directors, is expected to close in the fourth quarter. Old National says the acquisition will boost its asset total to approximately $20 billion. KleinBank's total assets come in at $2 billion. It has...

    • Herff Jones Owner to be Acquired

      The parent of Indianapolis-based Herff Jones will soon be under new ownership. Texas-based Varsity Brands has entered into an agreement to be acquired by Bain Capital Private Equity in Boston. Financial terms of the deal were not disclosed, however CNBC reports it is valued at $2.5 billion.