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Kips Bay Liquidates As Its Bypass Graft Device Shows Poorly In Study

The struggling Minnesota company made a last-ditch effort to complete the eMESH 1 trial of the eSVS Mesh device for coronary artery bypass graft surgery, but the firm, founded by device sector luminary Manny Villafana, has decided to give it up after the early results from the trial proved disappointing.

Kips Bay Medical Inc. is shutting down operations after reviewing the early results of the eMESH I feasibility trial of its eSVS Mesh for coronary bypass graft surgery, the firm announced June 29.

In January, the Minnesota company announced that it cut its staff from 13 to eight, and temporarily reduced salaries for...

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