Aircom Manufacturing Aquires Full Interest in Medivative Technologies
INDIANAPOLIS - Nov. 7, 2006 - Aircom Manufacturing, Inc. has announced an agreement with Theron, Inc. to purchase Theron's 12-percent interest in Medivative Technologies, LLC.
Medivative, a premier medical device contract manufacturer, was created in 2002 as a joint venture of Indianapolis-based Aircom and Carmel-based Theron.
"We have enjoyed a successful and productive partnership with Theron, and we appreciate Theron's role in making Medivative a recognized and respected manufacturer of medical devices for the Life Sciences industry," said Ron Lyon, Aircom's president and chief executive officer. "With full ownership of Medivative, we will be able to increase efficiencies in the combined operations of Aircom and Medivative."
Medivative Technologies has become a premier solution provider in Life Sciences, boasting top clients such as Suros Surgical Systems, QuadraSpec and Beckman-Coulter. "The success of Medivative underscores the importance of collaboration in Life Sciences," said Theron President and Chief Executive Officer Russ Gray. "When established companies work together, we can achieve amazing results and advance opportunities for biotechnology in Indiana."
Medivative assists customers in developing innovative, technologically-advanced products, including the Quadraspec Inspira 250 Sample Processor and the Quadraspec Inspira Reader, which aid in processing biological data from Quadraspec's innovative BioCD technology. Other products have included electro-mechanical laboratory equipment, optical equipment and devices such as the Suros Surgical Systems' ATEC Sapphire, the first all-in-one console to give radiologists and surgeons the ability to perform breast biopsies in any of the three primary diagnostic imaging modalities.
Medivative's capabilities span the product life cycle from product development to product close-out. Medivative offers product design services, project management, manufacturing process design, pilot production services, supply chain management, final assembly, calibration, testing, packaging, labeling, distribution and continued product support and service. Medivative is registered with the FDA and operates a quality system that is ISO-13485 certified.
Medivative is located on Aircom's corporate campus, at 2950 North Catherwood Drive, Indianapolis, Indiana, 46219. For more information, please contact Dave Berry at (317) 545-5383, or visit www.medivative.com. Additional information about Aircom may be found at www.aircommfg.com. Theron's web address is www.therongroup.com.