Neovasc Inc.

British Columbia – Vancouver – Richmond

Corporation

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Corporation

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Performance Medical Devices is a Canadian-owned and operated
medical device manufacturing company that excels in quality and
innovation. We develop and manufacture implantable products for
cardiovascular repair procedures and lung surgery. Our
products, the PeriPatchTM Sheet and the StepSaverTM Cylinder are
made from biological tissue derived from cows. We also offer
contract manufacturing services to other medical device
companies looking to increase their current production capacity
or simply to get their medical devices to market quickly and
cost-effectively.
The PMD team includes experts in medical design, research and
development, engineering, electronics, manufacturing,
international sales and marketing, regulatory affairs, quality
systems and quality control.
Our technicians have expertise in production and testing of
catheters, heart valves, stents, and diagnostic kits, as well as
working with a variety of other surgical and electronic
devices. Some of our additional capabilities include packaging
validation, labelling, logistics management, and
materials/warehouse management.
Our involvement in contract manufacturing began about five years
ago, when U.S.-based companies began approaching us. Here's
why...
1) Product to Market Faster. Devices which are end-assembled
and packaged in Canada are not governed by U.S. Patent Law. In
addition, medical devices exclusively made for export do not
require any regulatory approval or registration in Canada.
2) Certification in Quality System. PMD operates according to
the FDA Good Manufacturing Practices (GMP) for medical devices.
The PMD facility is ISO 9001 certified and all our products
manufactured in our facility are CE approved.
3) Saving Time and Money. The exchange rate on the Canadian
dollar means U.S. companies can save money.
Country of Ownership: Canada
Year Established: 1994
Exporting: Yes
Primary Industry (NAICS): 339110 - Medical Equipment and Supplies Manufacturing
Primary Business Activity: Manufacturer / Processor / Producer
Total Sales ($CDN): $500,000 to $999,999
Export Sales ($CDN): $500,000 to $999,999
Number of Employees: 10

Services:
Contract development and manufacturing

Products:
Peripatchtm sheet, Stepsavertm cylinder, Hexacath helistent coronary stent

Technology:
Equipment: Instron Pull Tester, Alloyd Tray Sealer, Doboy Pouch
Sealer, Dissecting Microscopes, Compressed Air/Nitrogen Sources
in Cleanroom Equipment, Exhaust Vacuum within Cleanroom
Environment
Engineering: CNC Machining, CAD Drawings, Validation, Tooling
Design, Project Management, Design Control
Capabilities: Sterilization, Sterility Testing, Import - Export
Requirements, Inventory Management, Warehousing
As a result of Performance Medical Devices rapid growth, both
with our own product sales and with contract manufacturing, we
have recently expanded our facility which includes a state-of-
the-art class 10,000 cleanroom available for new contract
manufacturing clients.

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Profile ID: LFCA-COD-O-5636

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