Elixir Medical is committed to transforming care of patients with heart and vascular disease through innovation.
Since 2005, the company has continually sought to improve the treatment of vascular disease with:
- Drug-eluting coronary stent systems (DES)
- Fully resorbable drug-eluting scaffold systems (BRS)
- Drug-eluting coronary bioadaptor systems
Its latest innovation — the DynamX™ Coronary Bioadaptor System — is designed to be a significant advancement beyond drug-eluting stents (DES).
Elixir Medical’s innovations are designed to make a meaningful change in patients’ lives. The company does not simply want to engineer a better medical device. Saving lives and helping patients enjoy their daily life is what drives us every day.
Motasim Sirhan founded Elixir Medical to develop innovations that transform patients’ lives. He previously founded Avantec Vascular, co-founded Maya Medical, and served on the board of Apama Medical. Previously, Motasim led several first product categories for Guidant Corporation including the RX Perfusion PTCA catheter, the PET balloon technology and the market leading Multi-link stent. He is an inventor or co-inventor on 35 issued and pending patent or patent applications. He was named in Silicon Valley Business Journal’s “30 under 30.” Motasim holds an M.S. in Biomedical Engineering from the University of Texas at Dallas and Arlington, an M.S. in Management from the University of Southern California, and a dual B.S. degree in Biomedical and Electrical Engineering from the University of Southern California.
Vinayak Bhat, PhD
Vinayak Bhat is a co-founder and serves as President and Chief Operating Officer of Elixir Medical. Vinayak was previously the Vice President & General Manager at Avantec Vascular Corporation where he was part of the management team that secured the sale of the company to Japan based Goodman Co. Ltd. Previously, he has held several R&D leadership positions at Guidant Corporation (currently Abbott Vascular). He holds more than 40 US/EU patents, has over 25 pending applications and has published many peer-reviewed papers. He holds a B.S. in Chemical Engineering from University of Bombay, India; and a M.S. and Ph.D. in Biomedical Engineering from Duke University, North Carolina.
John Yan is a co-founder and brings more than 30 years of experience in catheter-based medical device research and development to his role as CTO at Elixir Medical, with an expertise in engineering and application of degradable and non-degradable biomaterials. Previously, John served as Director of R&D for Avantec Vascular, and has held R&D and engineering roles at Cardiac Pathways (catheter-based electrophysiology devices), Guidant (coronary stents), Ohmeda (critical care monitoring and therapies) and Mentor (reconstructive and cosmetic implants). John holds 53 U.S. patents and has been extensively published in peer reviewed cardiovascular journals. He holds an M.S. in Bioengineering from Clemson University and a B.S. in Bioengineering from the University of California, San Diego.
Richard Castro brings over 20 years of executive finance and administrative experience to the company. He previously served as Senior Vice President of Finance and Operations at Arstasis, Inc. Prior to that, Rich served as Vice President of Finance and Administration at LendingClub, Inc. (NASDAQ: LC) and similar roles with Corsair Memory, Inc., The Ravix Group, Cohesion Technologies (NASDAQ: CSON), MadeToOrder.com, Global Village Communication (NASDAQ: GVIL) and Caere Corporation (NASDAQ: CAER). Rich has facilitated the closing of two strategic acquisitions. He is a veteran of the U.S. Air Force and a three-time recipient of the AF Commendation Medal. Rich has a B.S. Commerce in Accounting from the University of the Philippines.
Candace Elek brings to Elixir Medical 18 years of global clinical trial experience managing the strategic planning and operational execution for pre-approval and post-market clinical programs. She has managed a diverse global portfolio of 50+ studies of all designs and phases in the U.S., Europe and Asia-Pacific. Prior to joining Elixir, Candace served as Director, Clinical Research at Abbott Medical Devices, where she spent 8 years dedicated to clinical research for innovative cardiovascular products such as XIENCE, ABSORB and MitraClip. Additionally, Candace spent several years as a clinical research management consultant for multiple medical device companies in the Bay Area. She has provided clinical expertise to support regulatory approvals around the word including the U.S., Europe and Asia Pacific. Candace holds a B.S. from University of California, Davis, and an M.S. from San Jose State University.
Howard Huang brings more than 20 years of research and development experience in stent and implantable device development to Elixir Medical. He has contributed to the development of each of the Company’s commercialized products, and believes in fostering an environment of hands-on experimentation, discovery and engineering at every level of the R&D organization. Howard has served in several manufacturing, R&D engineering and leadership roles at Guidant Corporation, Abbott Vascular Devices and Alvesta. He received his Mechanical Engineering degree from the Massachusetts Institute of Technology.
Andrew Kramer has over 20 years of experience in the medical device field. Previously, he served as Vice President of R&D at Apneon, where he developed multiple implantable devices and surgical procedures. Prior to that, Andrew served as Vice President of Operations for Avantec Vascular. There, he was responsible for building the operations team to successfully support the commercial launch of several coronary dilatation catheters and stent delivery systems. His career includes several management positions at CardioGenesis, a developer of devices for the treatment of ischemic cardiac disease, and Origin Medsystems, a developer of laparoscopic surgical devices. Andrew holds a B.S. in Mechanical Engineering from the University of California, San Diego.
Leslie Stephens brings 20 years of marketing, market development and market access experience with cardiac medical devices to her role at Elixir Medical. Prior to joining the company, Leslie was VP, Global Market Access at HeartFlow, where she was responsible for strategic planning and market access.
Prior to that, she held several leadership positions at Abbott Vascular, where she led the worldwide launch and marketing of the XIENCE stent and ABSORB scaffold, and managed market access for Abbott’s coronary and endovascular portfolios. Leslie began her career in R&D for point-of-care diagnostics. She has a B.A. in Biology from Kenyon College and an MBA and MPH from UC Berkeley.
Elixir Medical is a private company. Its lead investor is The Invus Group. The evergreen equity investment firm has over $8 billion under management and offices in New York, Paris and Hong Kong.
Invus has been a committed partner of Elixir Medical since it was founded. Invus invests in visionary entrepreneurial teams and empowers them to transform their industries by taking risks, building sustainable competitive advantage and maintaining a long-term perspective.