New World Medical
↗Rancho Cucamonga, USA
New World Medical is a private medical device company dedicated to preserving and enhancing vision by developing and manufacturing innovative surgical devices for the treatment of glaucoma. Founded in 1990 by Dr. A. Mateen Ahmed, the company is known for its flagship product, the Ahmed Glaucoma Valve (AGV), which is the world's leading glaucoma drainage device.
The company's portfolio has expanded to include a comprehensive suite of surgical solutions, such as the Kahook Dual Blade (KDB) for excisional goniotomy, the Ahmed ClearPath non-valved drainage device, and the Streamline Surgical System for canaloplasty. New World Medical is recognized for its commitment to global humanitarian efforts, donating a significant portion of its profits and products to support eye care in underserved regions through its Sidra Tree Foundation.
CLASSIFICATION
Company Type:MedTech
Therapeutic Areas:
Industry:Medical Devices
Sub-Industry:Ophthalmology / Glaucoma Surgical Devices
SIZE & FINANCIALS
Employees:201-500
Revenue:$50M-$100M
Founded:1990
Ownership:private
Status:operating
FUNDING
Stage:Revenue Generating
Total Raised:$2.68M
Investors:SBA
PIPELINE
Stage:Commercial
Lead Drug Stage:Commercial
Modalities:Surgical Devices, Drainage Implants, MIGS (Minimally Invasive Glaucoma Surgery)
Active Trials:2
Trial Phases:Phase 3: 1 | Phase 4: 1
FDA Approvals:5
EMA Approvals:0
CORPORATE STRUCTURE
Subsidiaries:New World Medical (India) Limited
Key Partnerships:University of Colorado (Licensing for Kahook Dual Blade), American Society of Ophthalmic Administrators (Gold Partner)
COMPETITION
Position:Leader
Competitors:Glaukos Corporation, Sight Sciences, Alcon (Ivantis), Bausch + Lomb, Nova Eye Medical
LEADERSHIP
Key Executives:
Bilal Khan - CEO
Khalid Mansour - President & COO
Raymond Kong - Chief Commercial Officer
Jackie Martinez - VP Global Marketing
Scientific Founders:Dr. A. Mateen Ahmed
LINKS
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