» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 7 | Wednesday, January 11, 2012

Launch Medical Plans $4.8M Expansion, Will Create 40 Jobs

By Aisling Maki

Print | Front Page | Email this story | Email reporter | Comments ()

Medical device development company Launch Medical is planning to expand its Bartlett operations by investing $4.8 million in the company’s existing building on Wolf Lake Road. Over a five-year period, the expansion will create 40 jobs centered on manufacturing medical device prototypes.

Tennessee Gov. Bill Haslam, Economic and Community Development Commissioner Bill Hagerty and officials from Shelby County made the announcement in Nashville Wednesday, Jan. 11.

Launch Medical focuses on helping surgeon-inventors develop ideas into marketable products. The company began in 2007 as a medical device incubator, offering surgeon-inventors medical device development opportunities. In 2010, the company shifted from to the manufacturing market, partnering with Elite Medical in a strategic alliance to manufacture and distribute medical implants and instrumentation.

Clay Banks, director of economic development for the Bartlett Area Chamber of Commerce, said Northeast Shelby County over the past decade has emerged as the state’s life sciences corridor and a leading center for innovation in medical device technology.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 388 9,204
MORTGAGES 119 513 12,365
FORECLOSURE NOTICES 0 98 2,526
BUILDING PERMITS 0 960 20,801
BANKRUPTCIES 77 338 7,964
BUSINESS LICENSES 14 91 3,315
UTILITY CONNECTIONS 180 695 11,718
MARRIAGE LICENSES 33 147 2,815

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.