Indy Medical Device Maker Details Maryland Collaboration
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.