Ofer Hi-Tech is a subsidiary of the Ofer Group. It was established in 1997. The Ofer Group, founded by Sammy Ofer , is now run by the Ofer brothers, Eyal and Idan. Sammy Ofer began the Group as a shipping company, and later expanded into the hi-tech, media, and real estate industries.
Ofer Hi-tech was created as a means to support private equity investments in the life sciences and IT industries. With a goal to promote technological enterprises, the company offers support to pre-seed and seed technological research and development. Some of the companies in the Ofer Hi-Tech portfolio include IceCure, AngioSlide and CardioDex.
IceCure is a company which works to improve patient care, as well as to lower healthcare expenses, through cryotherapy. Cryotherapy is a procedure in which internal, diseased tissue is ablated by extreme cold. MedMarkets has stated that the US market for such devices is likely to grow 30% every year until 2013. IceCure’s initial targets are breast fibrodenoma and uterine fibroids.
AngioSlide is a company working to create the next generation of balloon angioplasty catheters. These devices will allow for the simple, immediate removal of debris from lesions. The product is currently being sold in the US and Europe following an FDA approval in 2010.
CardioDex is another medicine-focused company which develops, manufacturers and markets devices for both cardiology and radiology invasive procedures. CardioDex’s first product is called the Epiclose. It is a vascular sealing device which is currently being testing in Europe, and has shown promising results so far.
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