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ICHOR Vascular
ICHOR Vascular, Inc., a start-up firm focused on the treatment of Peripheral Arterial Disease (PAD) and Limb Ischemias, partnered with NAMSA for the development of the ICHOR Panacea Vascular Embolectomy Catheter System. Operating as a virtual start-up, ICHOR was tasked with the challenge of bringing a 510(k) device to the U.S. marketplace with limited development and regulatory knowledge, restricted resources and a desire to make a timely exit following clearance.
ICHOR, by applying NAMSA’s APEX PROGRAM (formerly known as NAMSA’s MRO® Approach) throughout the development continuum, achieved a 30 percent savings in timelines while also shaving off $26M in costs throughout the development lifecycle.