CrannMed - Bringing Innovations to Market

What We Do

CrannMed is focused on commercialisation of catheter based medical devices. We have emphasis on finding innovative ways to add complementary products to existing portfolios within established medical device companies.

Our approach is to develop custom solutions for your portfolio gap. The product is prototyped and validated with a small team of engineers and clinicians before being launched from a robust quality and manufacturing partner. The project is funded by a one time asset purchase and does not include on going royalty payments or licences.

Why you should partner with CrannMed

Any company looking to expand their product portfolio will benefit from working with CrannMed. Adding to a portfolio through acquisition can be expensive and result in significant quality and operations remediation activity during commercialisation. In-house development can also be constrained by resources and yearly budget restrictions. CrannMed develops products using a small group of experts in an R+D environment. The product is brought to design freeze before commercialisation with some of the largest contract manufactures in the industry. The added benefit for our clients is the funding of the activity as a one time asset purchase rather than going on R+D expense.

Our Process

Opportunity Identification

  • Business Case Evaluation
  • Market Research
  • Physician’s Input
  • Pre-Clinical and Bench
  • Top Evaluation

Funding

  • Proven Model
  • No Expensive VC Involvement
  • Cost of Capital in-line with traditional NPV

Product Development

  • Robust Product
  • Development Process
  • Experienced Design Teams
  • Preferred Partners
  • Focus on Quality, DFM and Cost

Commercial Supply

  • 100% Supply from
    Preferred Partners
  • No quality of supply concerns from Start-up
  • Partners with scale and cost competitive infrastructure

About Us

CrannMed is based in Galway, Ireland founded by Liam Farrissey. CrannMed continues to look for better ways to develop medical devices to excel in today’s competitive healthcare environment. A focus on minimising unit cost and launching from high quality and scalable manufacturing facilities is fundamental to our process.

CrannMed’s significant product development, regulatory experience along with a network of KOL’s (Key Opinion Leaders) are your guarantee that your idea is in good hands.

Contact Details

enterprise-ireland-logo