Chairman and CEO of Imperative Care Farhad Khosravi owns over 40 medical patents. This leader in medical devices has founded over 12 medical device companies and acts as Managing Director at Incepts LLC. Incepts, for its part, co-founded 23 startup companies that develop products treating over a million patients worldwide every year.
Khosravi also sat on the board of NeuroLutions, and has authored or co-authored over 200 patent applications involving unique and novel medical devices.
Thirty years of medical companies from Farhad Khosravi
Khosravi’s career spans three decades of setting up highly successful medical companies. After working as a product development engineer developing IntraOcular lenses, he founded his first venture-backed company in 1995. He remained Chairman of EndoTex international for eight years, specializing in the carotid stent market. During this time, Khosravi served as Chairman of Confluent Surgical, a biomaterials company focused on inventions for internal wound healing. He also acted as President and CEO of Embolic Protection, focusing on the first US approved technology to prevent distal vascular embolization.
2002, 2003 and 2006 saw Khosravi found a further three companies, including Sadra Medical dedicated to developing the first retrievable percutaneous aortic valve in the world. In 2007, he founded Ocular Therapeutix, where he remained director until 2014. The company focused on innovative drug-device combination products for eyecare.
Other highly specialized companies founded by Khosravi include Ostial Corp. and Hotspur, inc., which develops innovative treatments for dialysis grafts. Ostial’s product, the ‘Flash Dual Balloon Ostial System’, is the first and only direct solution to ostial stenting.
Farhad Khosravi lends insight to think-tanks and NGOs
Gaining a BSc Mechanical Engineering at Tennessee Tech University, Khosravi, who often goes by Fred, graduated cum laude. He also obtained his Msc in Mechanical Engineering there.
Khosravi’s influence stretches beyond the medical world. For example, he sits on the Board of Trustees for the highly powerful Washington think-tank, the Center for Strategic & International Studies. Khosravi shares the board with some of America’s most influential CEOs and ex-government officials, spanning industries including finance and the military.
Nonprofit organization Technology for America also has Khosravi as a Convening Board Member. Khosravi helps build their strategic vision to forge connections between the technology community and the government. They specifically focus on American competitive leadership. Khosravi also sits on the Board of Directors for Spirit of America, which promotes private-sector support for American troops.
Farhad Khosravi’s Imperative Care
Khosravi founded Imperative Care in 2016. The company looks to collaborate with physicians in delivering the most innovative healthcare products. Nurturing a culture of rapid innovation, Imperative Care strives to meet the needs of both physicians and patients.
In 2021, the company raised $260 million in a funding round led by D1 Capital Partners. The funds are currently building a portfolio of companies to treat stroke and vascular disease. A portion of the money also went towards acquiring Truvic, a startup developing a device that removes blood clots from arms and legs. In addition, two recent devices from Imperative Care have received FDA clearance. These include a catheter used to navigate the blood vessels of the brain, and a group of devices for removing a clot during an ischemic stroke.
Khosravi leads the charge in healthcare innovation: “We are creating a network of wholly owned subsidiaries that will leverage synergies where appropriate while at the same time giving the development programs the independence, specialization, and focus they need to bring important vascular intervention products to the market to meet patient needs as rapidly as possible,” he says.
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