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Stille Signs Exclusive Global Distribution Agreement with Pathy Medical

Stille AB (publ) announces the signing of an exclusive global distribution agreement with American medtech company Pathy Medical giving Stille the rights to distribute the patented product Light Jacket®  starting in 2021.

One of the most common risks during and after surgery are hemorrhages, which are sometimes caused by poor visualization in the surgical site. Light Jacket® solves this problem by offering an additional bright light source continuously directed at the surgical site without disrupting the focus of the surgeon. The Light Jacket® is a simple yet smart disposable product that fits directly onto the electrocautery pencil that the surgeon uses to coagulate, cut or dissect biological tissue, allowing for continuous illumination directed at the surgical site or operating cavity.

“We are very pleased to announce this distribution agreement, which is well-aligned with Stille’s commitment to deliver innovative premium products towards our strategic focus including the plastic and cardiovascular surgical disciplines. Light Jacket® is a brilliant innovation that simplifies the workday for surgeons while reducing the risk of additional complications for patients,” says Stille CEO, Hanna Ernestam Wilkman, and continues, “despite the pandemic, Stille’s Surgical Instruments business line has grown in the US during 2020 and we see great potential synergies with the Light Jacket® complementing our product portfolio to continue on that growth journey.”

“As a plastic and reconstructive surgeon, I have often struggled with proper visualization across a spectrum of procedures throughout my career,” states Pathy Medical Founder and CEO, Vinod V. Pathy, MD, FACS. “Drawing from personal experience as well as that of my colleagues across other surgical disciplines, my team and I sought to create an intuitive solution that provides value and utility by illuminating the dissection site precisely when and where the surgeon requires it. The simplicity of the Light Jacket® is the result of years of research and development. Having used Stille’s line of instruments in the operating room, I am keenly aware of their dedication to quality. We are excited to collaborate with Stille to bring our first of a number of products into operating rooms worldwide so as to benefit surgeons and their patients.”

Pathy Medical® produces high quality disposable illumination devices with the strategic goal of achieving greater surgical visualization, lower cost, and easier to use alternatives to traditional forms of surgical illumination. By focusing on products which are simple yet modern, Pathy Medical® aims to change the mindset and improve the effectiveness of the surgeon and facility, while continuously striving to improve patient outcomes.

Stille will start to distribute Light Jacket® in the US in early 2021 and thereafter gradually roll the product out onto the European market before continuing to the rest of the world.

Torshälla, December 18th 2020

Attachments

Press Release - Distribution Agreement Pathy Medical

For more information, please contact:

Hanna Ernestam Wilkman
CEO
+46 (0)72 402 10 88 | hanna.e.wilkman@stille.se

STILLE AB (publ) develops, manufactures and markets medical devices for surgeons across the world. Stille was founded in 1841 and is one of the world’s oldest medical device companies. Stille’s main business areas are surgical instruments and c-arm tables. Stille’s surgical instruments are mostly used during different kinds of open surgery. During minimal invasive procedures, the c-arm tables imagiQ2 and Medstone are key products. The company has a strong brand and products of a renowned high-quality.

The share is listed on First North Growth Market under the acronym “STIL”. For more information about Stille visit www.stille.se


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