Profile: LeMaitre Vascular, Inc. (LMAT.O)

LeMaitre Vascular, Inc. (LeMaitre Vascular) incorporated on November 28, 1983, is a provider of medical devices and implants for the treatment of peripheral vascular disease. The Company develops, manufactures, and markets vascular devices. Its diversified portfolio of peripheral vascular devices consists of products that are used in arteries and veins outside of the heart, including the Expandable LeMaitre Valvulotome, the Pruitt-Inahara Carotid Shunt, and VascuTape Radiopaque Tape. The Company offers 14 product lines in three categories, namely Endascular, vascular and general surgery. Its products include thoracic stent grafts, abdominal stent grafts, anastomotic clips, radiopaque tape, valvulotomes, carotid shunts, arterial prostheses, remote endarterectomy devices, covered stents, contrast injectors, balloon catheters, vascular grafts, vein strippers, cholangiogram catheters and vascular access ports.

Endovascular

The Company’s endovascular products are used primarily in minimally invasive endovascular procedures, such as angioplasty, stenting, stent-grafting, and atherectomy. Its products line includes TAArget Thoracic Stent Graft, UniFit Abdominal Stent Graft, aSpire Covered Stent, LeverEdge Contrast Injector, VascuTape Radiopaque Tape and AnastoClip Vessel Closure System. The TAArget Thoracic Stent Graft is an endovascular graft used to treat an aortic aneurysm, a weakening and ballooning of the aorta, or an aortic dissection, a separation of the layers of the aortic wall that often leads to rupture and death, in each case in the upper part of the aorta, known as the thoracic aorta. It features the Company’s TT Tortuous Tracker Delivery System for deployment of the stent graft and optional uniform top stent design for external fixation against the wall of the aorta.

The UniFit Abdominal Stent Graft is a non-bifurcated endovascular graft used to treat aneurysms in the lower part of the aorta, known as the abdominal aorta, and the iliac arteries. VascuTape Radiopaque Tape is a flexible, medical-grade tape with centimeter or millimeter markings printed in its radiopaque ink that is visible both to the eye and to an x-ray machine or fluoroscope. It is applied to the skin and provides interventionalists with a way to cross-reference precisely between the inside and the outside of a patient’s body, allowing them to accurately size or locate tributaries or lesions beneath the skin.

The aSpire Covered Stent is a spiral-shaped nitinol stent covered by ePTFE that is used to keep blood vessels and lung airways open after blockages have been removed. The LeverEdge Contrast Injector is a manually operated device used to inject contrast media solutions that are highly visible in x-ray and fluoroscopic images into the circulatory system. The AnastoClip Vessel Closure System is a titanium clip implanted by vascular surgeons to attach vessels, native and prosthetic, to each other. It creates an interrupted anastomosis, or a vessel attachment that expands and contracts as the vessel pulses, which improves the durability of the anastomosis.

Vascular Products

The Company’s vascular products include AlboGraft Vascular Graft, EndoRE Remote Endarterectomy Devices, InvisiGrip Vein Stripper, Expandable LeMaitre Valvulotome, Pruitt-Inahara, Pruitt F3, and Flexcel Carotid Shunts and LeMaitre Balloon Catheters. The Expandable LeMaitre Valvulotome cuts valves in the saphenous vein, a vein that runs from the ankle to the groin, so that it can function as a bypass vessel to carry blood past diseased arteries to the lower leg or the foot. The Pruitt-Inahara, Pruitt F3, and Flexcel Carotid Shunts are used to temporarily divert, or shunt, blood to the brain while the surgeon removes plaque from the carotid artery in a carotid endarterectomy surgery. It’s Pruitt-Inahara and Pruitt F3 shunts feature internal balloon fixation that eliminates the need for clamps, thereby reducing vessel trauma.

Embolectomy catheters are used to remove blood clots from arteries or veins. The Company manufactures single-lumen latex and latex-free embolectomy catheters, as well as dual-lumen latex embolectomy catheters. The dual-lumen embolectomy catheter allows clot removal and simultaneous irrigation or guide-wire trackability. The InvisiGrip Vein Stripper is a single-incision, inversion vein stripper designed to provide a less traumatic alternative to standard vein strippers for the removal of the saphenous vein. The AlboGraft Vascular Graft is a collagen-coated polyester graft used to bypass or replace diseased arteries. Available in both straight tube and bifurcated versions, the AlboGraft Vascular Graft offers ease of manipulation while the collagen coating provides immediate sealing of suture holes.

The EndoRE line of remote endarterectomy devices are used to remove severe atherosclerotic blockages from the major arteries of the leg in a minimally invasive procedure requiring a single incision in the groin. The Company’s EndoRE devices are used to separate the sclerotic blockage from the vessel cut the far end of the blockage to free it for removal, and then withdraw the blockage from the vessel.

General Surgery Products

The Company’s general surgery products include OptiLock Implantable Port and Reddick Cholangiogram Catheter. The Reddick Cholangiogram Catheter is used to inject dye into the cystic duct during a laparoscopic cholecystectomy. In this procedure, the gall bladder is dissected and removed through small punctures in the abdomen. The Company also offer two laparoscopic accessories used in laparoscopic gall bladder removal: the Reddick-Saye Screw and the Grice Suture Needle. OptiLock Implantable Port is a plastic port with a differentiated connection system design that allows physicians to securely connect the catheter to the port. Vascular access ports are implanted into the body and used for central venous administration of chemotherapy, fluids, nutrients, and other therapies, as well as for blood sampling for diagnostic purposes.

The Company competes with Applied Medical Resources Corporation, Cardiovascular Systems Inc., Cook Group Incorporated, C.R. Bard, Inc., Edwards Lifesciences Corporation, Getinge AB, Medtronic, Inc., Terumo Medical Corporation, Uresil, LLC, and W. L. Gore & Associates.