Company Profile
Background
KitoTech Medical was spun out of the University of Washington in 2013 to develop medical products based on its proprietary Microstaple Technology Platform. The Company’s founder, Ronald Berenson, MD, a serial entrepreneur, focused on using this technology to develop a novel wound closure product, microMend®, that would be an effective alternative to medical staples and sutures.
The goal was to make a product engineered to provide secure wound closure while painless, fast and easy to apply, and removable by the patient. To achieve these objectives, tiny staples known as Microstaples were incorporated into an adhesive backing the size and shape of a traditional butterfly bandage. The Microstaples provide similar holding strength to sutures and allows microMend to close surgical incisions, lacerations, and skin tears. microMend has demonstrated outstanding clinical results in many medical specialties including emergency medicine, dermatology, surgery, plastics and orthopedics.
Clinical Market
KitoTech launched microMend onto the medical market in early 2020. It is being sold into major healthcare networks (e.g., Cleveland Clinic and University of Pittsburgh) and many hospitals throughout the US. In April 2022, the company formed an exclusive partnership with Corza Medical, one of the leading wound closure products companies to market and sell microMend products in the US. The nationwide market launch occurred in June 2022. The company also has a partnership with McKesson, the largest distributor of medical products in the US. KitoTech also has a partnership with North American Rescue, the largest military distributor of emergency medical supplies.
Consumer Market
KitoTech launched microMend products for consumers in mid-2020 on Amazon where it has achieved rapid sales growth. microMend has been introduced into the two largest pharmacy chains in the US, CVS (7,500 stores) and Walgreens (8,300 stores). KitoTech has also initiated a pilot launch of microMend on Walmart.com. The company will be expanding into many other retail channels including outdoor stores, schools, athletics, offices, and construction.