Cook Medical is expanding into a new area for the company: minimally invasive tools devoted to ear, nose and throat (ENT) surgery. The family-owned Indiana devicemaker formally debuted the head and neck surgery division on Sept. 10.
News of the expansion comes after Cook unveiled a new Illinois manufacturing plant a few weeks ago. These two growth moves may be it for a while, however. Cook has blamed the 2.3% industry excise tax slated to begin in January for killing plans to develop 5 new device-manufacturing plants in the U.S. Executives claims the tax will cost it up to $40 million in 2013 alone.
Cook's new division will develop tools that can treat a number of conditions, with a focus on soft tissue repair, salivary gland disease, chronic sinusitis, vocal cord paralysis, obstructive sleep apnea and interventional airway and esophageal procedures, the company said. The division will include existing and new products, and add others over time.
Cook will showcase its new division at the American Academy of Otolaryngology-Head and Neck Surgery conference in Washington, DC this week, it noted. Plans call for highlighting devices, including salivary duct access products, the company's salivary stone extractors and the Hercules 3 Stage esophageal balloon.
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