Endotronix Announces Development Agreement for a New Expanded U.S. Headquarters in Naperville, Illinois
Company is constructing a new commercial manufacturing facility and anticipates expanding its workforce to support the launch of its comprehensive patient management platform for heart failure
LISLE, Ill., July 19, 2022 /PRNewswire/ -- Endotronix, Inc., a digital health and medical technology company dedicated to advancing the treatment of heart failure (HF), today announced plans to relocate and expand their headquarters in Naperville, Illinois to support the full U.S. commercial launch of its Cordella™ Heart Failure System and Pulmonary Artery (PA) Sensor, pending pre-market approval (PMA) of the sensor by the U.S. Food & Drug Administration (FDA). The new building will significantly increase Endotronix's manufacturing and operating capacity, allowing for a 30% workforce expansion as well as continued growth opportunities in the years to come. In addition to the U.S. office, Endotronix will maintain their European office in Ireland.
"This is an exciting time for Endotronix. As we approach full enrollment in our PROACTIVE-HF clinical trial, we are looking ahead toward scaling our manufacturing and operations in anticipation of commercialization of our proactive digital heart failure system," stated Harry Rowland, CEO of Endotronix. "Naperville offers an ideal location to plant our roots, offering a skilled workforce, affordable quality of life for our employees, desirable proximity to Chicago, and strong sense of community."
Headquartered in the Chicago-land area since 2013, Endotronix recently signed a lease for an 80,000+ square feet facility that will more than double their current footprint. The new facility is located in the HUB 1415 building (1415 Diehl Road, Naperville, IL) and is currently undergoing custom enhancements to include a state-of-the-art cleanroom, manufacturing, quality, and administrative space. The first phase of construction is scheduled to be completed in early 2023 with hybrid workspace specifically designed to accommodate a flexible workforce. The company is represented by Newmark.
"It's a pleasure to welcome Endotronix to Naperville," said Steve Chirico, Mayor of Naperville. "As a fiscally-sound, business-friendly community that provides an unparalleled quality of life to its residents, we are a premier destination for growing companies like Endotronix. We look forward to being the home of their expanded commercial manufacturing and operations."
The safety and efficacy of the company's novel Cordella PA Sensor is currently being studied in a global investigational device exemption (IDE) clinical trial called PROACTIVE-HF that is on track to complete enrollment in the coming months. In addition, the company recently announced positive clinical data for the Cordella Sensor from the European SIRONA 2 clinical trial that was presented at the European Society of Cardiology's Heart Failure Association (HFA) in May.
Endotronix, Inc., a medical technology company, delivers an integrated platform that provides comprehensive, reimbursable health management innovations for patients suffering from advanced heart failure. Their solution, the Cordella™ Heart Failure System, includes a cloud-based disease management data system and at home hemodynamic management with a breakthrough implantable wireless pulmonary artery pressure sensor for early detection of worsening heart failure. Learn more at www.endotronix.com.
The Cordella System, without the sensor, is available for commercial use in the U.S. and E.U. and is currently in cardiology centers across the U.S. The Cordella PA Sensor is currently under clinical investigation and is not currently available for commercial use in any geography.
This press release may contain predictions, estimates or other information that might be considered forward-looking statements. Such forward-looking statements are not a guarantee of future performance.
MEDIA CONTACT:
Carla Benigni
SPRIG Conulting, LLC
+1 (847) 951-7430
[email protected]
SOURCE Endotronix, Inc.
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