US-based medical device maker Cirtec Medical Systems has made a strategic investment in its spin-off, Core Manufacturing, a company formed in cooperation with the Alfred Mann Foundation for Scientific Research.
The Alfred Mann Foundation, founded in 1984 by the eponymous serial med-tech entrepreneur, will maintain a passive equity position in Core.
Peter Howard, chief executive of Cirtec, said: “Cirtec is delighted to announce this strategic investment in Core Manufacturing, with the participation of the Alfred Mann Foundation. As Cirtec continues to expand its business supporting the active implantable market the addition of Core’s volume manufacturing will enable our customers to grow seamlessly with Cirtec from concept to market success.”