IRVINE, Calif.--(BUSINESS WIRE)--Endologix LLC, a privately held global medical device company dedicated to improving patients’ lives by providing innovative therapies for the interventional treatment of vascular disease, announced today the appointment of Dr. Matthew Thompson, as President and Chief Executive Officer. Dr. Thompson will also join Endologix’s Board of Directors. Richard Mott, who previously held the CEO position on an interim basis, will return to his role as Executive Chairman of the Board of Directors.
Dr. Thompson has been serving as Endologix’s Chief Medical Officer since 2016, and, in that capacity, had oversight of the Company’s business development, medical affairs, regulatory, clinical, and R&D departments. Dr. Thompson also led the April 2021 acquisition and subsequent integration of PQ Bypass. He is a contract Staff Surgeon, Department of Vascular Surgery, Heart, Vascular and Thoracic Institute, Cleveland Clinic Foundation Ohio, and Visiting Professor Cleveland Clinic Lerner College of Medicine of Case Western Reserve University. Previously he was the Professor of Vascular Surgery at St George’s, University of London and a Consultant Vascular Surgeon at St George’s Vascular Institute.
“I have had the pleasure of working side by side with Matt over the past year and have the utmost confidence in his ability to lead Endologix through this transformative period. Matt embodies the fusion of the entrepreneurial vision and subject matter expertise that we need to successfully accelerate Endologix as a leader in the development and commercialization of the most innovative devices for the treatment of vascular disease,” said Richard Mott.
“I have been extremely impressed with Matt’s leadership of major company initiatives, including the PQ Bypass acquisition and integration, and the AFX FDA advisory panel meeting, as well as his leadership of major functions within the Company,” noted Andrew El Bardissi, Deerfield partner and member of the Endologix Board of Directors. “I am confident in Matt’s ability to step into the CEO role and guide the company during this important period of growth.”
“I am excited about the opportunity to lead such a dynamic and innovative organization. I look forward to continuing my close relationship with Rich, the Board, and the talented and dedicated team of employees that I have worked so closely with over the past several years,” said Dr. Thompson. “I will be completely committed to our physician customers and to the safety and health of their patients, as we continue to work collaboratively with the US Food & Drug Administration (FDA) and other global regulatory agencies to ensure we maintain the highest standards possible. In the next year, we will continue to drive market share gains with our family of AAA products and prepare our regulatory submissions for our innovative long-lesion PAD products being developed after our acquisition of PQ Bypass earlier this year.”
About Endologix
Endologix LLC is a California-based, global medical device company dedicated to improving patients’ lives by providing innovative therapies for the interventional treatment of vascular disease. Endologix’s therapeutic portfolio includes a variety of products in various stages of development that are designed to treat diseases that currently have clinically relevant unmet needs. These products are designed to treat a wide spectrum of vascular disease from abdominal aortic aneurysms to lower limb peripheral vascular disease. Excellent clinical outcomes will be achieved through meticulous attention to product design, manufacturing, and training, all backed by industry-leading clinical evidence. Endologix’s abdominal aortic aneurysm (AAA) products are built on one of two platforms: Traditional minimally invasive endovascular aneurysm repair (EVAR) and endovascular aneurysm sealing (EVAS), which is investigational product. Endologix’s current commercial EVAR products include the AFX®2 device and the ALTO® Abdominal Stent Graft System. Endologix became a private company, wholly owned by Deerfield Management on Oct. 1, 2020. The company has offices and manufacturing sites in Irvine and Santa Rosa. To learn more about Endologix, please visit http://www.endologix.com/.
About Deerfield Management
Deerfield is an investment management firm committed to advancing healthcare through investment, information, and philanthropy. For more information, please visit www.deerfield.com.
