Laborie (company)
American endoscopy product manufacturer and supplier
From Wikipedia, the free encyclopedia
Cogentix Medical (Nasdaq: CGNT) is an international endoscopy product manufacturer and supplier. It was founded in 1987 by Lewis C. Pell and Katsumi Oneda and is based in Orangeburg, New York.[2][3] In December 2013, the company was selected by 21st Century Oncology Inc. as 21st Century’s Preferred Vendor of Choice, and Laborie's products will be applied in medical treatment in a variety of therapeutic areas, including cancer care.[4]
| Type | Public company |
|---|---|
| Nasdaq: CGNT | |
| Industry | Medical Equipment |
| Founded | 1987 |
| Headquarters | Orangeburg, New York, |
| Revenue | US$16.33 Million (As of 2013[update])[1] |
| Website | Official website |
Background
EndoSheath technology is a patented technology of the company. It was invented by Dr. Fred E. Silverstein, who is a notable gastroenterologist. He believed that the reprocess of endoscope was complex at that time and wanted to improve the technology with lower cost and less contamination risk.[5] During the outbreak of the Nightmare Bacteria "Super bug", which raises cross-contamination problems at Advocate Lutheran General Hospital, the EndoSheath solutions successfully reduced patients’ infection.[6]
The company has two segments including medical and industrial. The medical segment develops and manufactures endoscopy products incorporating its EndoSheath technology for professionals through its subsidiary, Machida, Inc.[3] The product of industrial segment are borescopes provided to aircraft engine industry.[7] The endoscope products and EndoSheath technology of the company have markets in urology, pulmonology, surgery, gastroenterology, ENT and spine.[8]