A Columbus medical device maker has hired a new management chief as it works to improve the sales of its initial product.
CleveX, based at the TechColumbus business incubator, said Monday it brought on Sam Finkelstein, former CEO of Miamisburg-based Riverain Medical, as chief executive. Former CleveX CEO Gary Smith is now serving as company president.
The company said Finkelstein’s chief focus will be sales of ExiClip, a product that removes moles and skin lesions and closes the wound in one quick motion. The product replaces a scalpel-and-stitch procedure that takes up to 15 minutes. It is estimated ExiClip could be used in more than 15 million procedures annually, CleveX said.
As CleveX was preparing for a planned launch of ExiClip late last year, Smith told Columbus Business First that nascent company plans to grow along with sales of the product. The company had four employees last year and has said it expects to triple its size.
CleveX is backed by funding from the Ohio TechAngels Fund, Reservoir Venture Partners II LP and Plymouth Venture Partners.