Establishment Labs Archives - Medical Design Sourcing

Establishment Labs wins CE mark for minimally invasive surgical tools

Establishment Labs this week announced it received CE mark approval for its Motiva Injector, Motiva Inflatable Balloon and Motiva Channel Dissector.

The company designed the three devices for its next-generation minimally invasive aesthetic procedures.

“The approval in Europe of our minimally invasive tools is an important step in the evolution of plastic surgery,” Founder and CEO Juan José Chacón-Quirós said in a news release. “Innovations that improve both the experience and outcome of a medical procedure can expand markets. This minimally invasive technology platform can help change perceptions and overcome reservations — opening aesthetics to the many women who would not consider a traditional surgery. We are also extremely gratified that all Motiva implants and tools have now received certification under the new European MDR standard.”

Upon the CE mark approval, Establishment Labs has now completed a full transition of all currently marketed Motive …

Establishment Labs names Raj Denhoy as CFO

Establishment Labs today announced that it has appointed Raj Denhoy as chief financial officer, effective immediately.

Denhoy has been with the Santa Barbara, Calif.-based company since February when he was appointed as head of strategy and investor relations. He has served as interim chief financial officer since August.

“Raj has quickly become a trusted and vital colleague to me and many others at Establishment Labs,” founder and CEO Juan José Chacón-Quirós said in a news release. “His depth of knowledge about our business and industry is matched by a clear vision of what we must do to achieve success as a global leader in women’s health. After discussions with a number of qualified candidates during this process, I could not be more pleased that Raj has accepted the position of our chief financial officer.”

Prior to joining the company, Denhoy was a managing director at Jefferies Group where he led the U.S. medical device research team for 11 years. H…

Establishment Labs CFO stepping down, interim replacement announced

Establishment Labs today announced that its chief financial officer Renee Gaeta will be stepping down later this month and Raj Denhoy will be her interim replacement.

Santa Barbara, Calif.-based Establishment Labs said Gaeta is stepping down to pursue other opportunities outside of the company on July 30 following the planned release of the second quarter financial results.

“I am grateful for my time at Establishment Labs,” Gaeta said in a news release. “When I joined in 2017, we were a private company excited to achieve $35 million in annual sales. Now, just four years later, we are a public company with more than three times the revenue, an ongoing FDA trial, and we are preparing to build our third facility to meet demand. I have complete faith in Establishment Labs’ ability to achieve its goal of being the global leader in breast aesthetics and reconstruction. It has been a wonderful experience and my decision to leave was not easy, but I am ready for a new …