CORIT Medical
Mclean · Founded 2017
About CORIT Medical
CORIT Medical LLC is a commercial medical device company located in McLean, VA, with a specific focus on a Class I single-use surgical device to improve breathing. The established Ear, Nose & Throat (ENT) procedure is called inferior turbinate reduction and has an existing reimbursement code. There are currently 1 million procedures performed in the US each year, and reportedly over 50 million people who suffer from obstructed breathing. The patented CORIT device is hand-powered requiring no expensive equipment to set up and operate. It has also shown to produce more durable results in contrast with competing technologies that can return to pre-treatment baseline levels of obstruction in as few as six months. ENTs are lined up, ready to buy the device, as they can complete the procedure in in a fraction of the time, right in their office (as opposed to an operating room), yielding a higher reimbursement.
Company Facts
- Founded: 2017
- Legal name: CORIT Medical LLC
- Operating status: Operating
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: Less than $1M
- Funding stage: Early Stage Venture
- Last round: Non-Equity Assistance (Jun 2023)
- Website: coritmedical.com
- Phone: [email protected]
Social Profiles
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