US Medical Giant Buys Israeli Jewish Genius

[JStone]

Warren Buffett

If you go to the Middle East looking for oil, you don't need to stop in Israel. But, if you're looking for brains, for energy, for integrity, for imagination, it's the only stop you need to make"

[ame=http://www.youtube.com/watch?v=JbX60Pktzsk]Warren Buffet on Israel - YouTube[/ame]


Covidien Buying Israeli Biomed Company For $300 Million

U.S. medical devices giant Covidien has clinched a deal to buy Israeli company superDimension for $300 million. The cutting-edge technology for minimally-invasive surgical procedures on the lungs was developed from a toy.

According to Gabelli & Co. analyst Jeff Jonas, other industry giants were interested in buying superDimension. However, a rumored bidding war culminated in Covidien eventually triumphing.

No fledging startup but a mature company founded in 1995, superDimension developed technology to navigate endoscopic imaging systems in the lungs (bronchoscopy ). The company's iLogic System provides minimally invasive access to lesions deep in the pulmonary and lymph nodes.

"Minimally invasive surgery offers many advantages over traditional surgery in the way of cost containment ... shorter patient hospital stays, fewer complications and fewer infections," Morningstar analyst Alex Morozov said.

superDimension didn't start as a biomed company. It started out designing games based on technology to track objects - toys - through reality (i.e. three-dimensional space ), using magnetic field generation and detection. Sensors on the toys would communicate their position to a screen.

That did not quite take off. The company then changed management and direction, hiring David Tolkowsky as CEO and migrating its product from a game into a cardiologic navigation system, to help place stents in nephritic blood vessels. Stents are wire-mesh tubules that prop open blood vessels, for instance after their clearing by catheterization.

In mid-2002, the company developed a new business model, focusing on an entirely new area - invasive pulmonology, with an emphasis on diagnostics and cancer treatments in areas of the lung not normally accessible without radical surgery. Despite the risk involved in entering a brand new area with brand new technology, more investors came on board.
Covidien buying Israeli biomed company for $300m - Haaretz Daily Newspaper | Israel News

 

[JStone]

John F. Kennedy

When the first Zionist conference met in 1897, Palestine was a neglected wasteland

I first saw Palestine in 1939. There the neglect and ruin left by centuries of Ottoman [Muslim] misrule were slowly being transformed by miracles of [Jewish] labor and sacrifice. But Palestine was still a land of promise in 1939, rather than a land of fulfillment. I returned in 1951 to see the grandeur of Israel

I left with the conviction that the United Nations may have conferred on Israel the credentials of nationhood; but its own idealism and courage, its own sacrifice and generosity, had earned the credentials of immortality.


Israel was not created in order to disappear - Israel will endure and flourish. It is the child of hope and the home of the brave. It can neither be broken by adversity nor demoralized by success. It carries the shield of democracy and it honors the sword of freedom; and no area of the world has ever had an overabundance of democracy and freedom.


It is worth remembering, too, that Israel is a cause that stands beyond the ordinary changes and chances of American public life. In our pluralistic society, it has not been a Jewish cause - any more than Irish independence was solely the concern of Americans of Irish descent. The ideals of Zionism have, in the last half century, been repeatedly endorsed by Presidents and Members of Congress from both parties. Friendship for Israel is not a partisan matter. It is a national commitment.


The original Zionist philosophy has always maintained that the people of Israel would use their national genius not for selfish purposes but for the enrichment and glory of the entire Middle East. The earliest leaders of the Zionist movement spoke of a Jewish state which would have no military power and which would be content with victories of the spirit

The technical skills and genius of Israel have already brought their blessings to Burma and to Ethiopia. Still other nations in Asia and in Africa are eager to benefit from the special skills available in that bustling land
John F. Kennedy: Speech by Senator John F. Kennedy, Zionists of America Convention, Statler Hilton Hotel, New York, NY

 

[JStone]

Er, how many "palestinian" or arab or muslim biotechnology companies have been purchased by American companies?

None? They don't even have any?

That's what I thought. Just checking. Allah not into the biotech thing, only ignorance, backwardness, poverty and jihad

 

[High_Gravity]

Er, how many "palestinian" or arab or muslim biotechnology companies have been purchased by American companies?

None? They don't even have any?

That's what I thought. Just checking. Allah not into the biotech thing, only ignorance, backwardness, poverty and jihad

Hummus is becoming more popular in the US, outside of that not so much.