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Novate: Re-Newing The IVC Filter Market

Serial medtech entrepreneurs Chas Taylor and Paul Gilson founded Novate Medical Ltd. to develop a bioconvertible inferior vena cava filter – it protects patients from pulmonary embolisms during a critical interval, then integrates into the vessel wall. There is no need to retrieve it, a benefit that goes far beyond the economics of avoiding a second procedure.

Fresh from the sale of their former start-up, device entrepreneurs Chas Taylor and Paul Gilson were contemplating their next venture when they ran into a vascular surgeon of their acquaintance. The surgeon had a particular clinical issue with a widely used device – the inferior vena cava (IVC) filters used to capture blood clots in the bloodstream before they become potentially lethal pulmonary embolisms.

The surgeon had implanted temporary IVC filters in a whole series of patients, in particular, trauma patients, but those filters...

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