Portfolio

Novita identifies important market needs, conceives of products to meet those needs, completes initial proof-of-concept research and development and market validation studies, and then spins out new companies to focus on later stage product development and commercialization. As part of these activities, Novita and its investors assemble a portfolio of equity holdings in these new spinout companies. To date, Novita has created three subsidiary companies, the first step in the spinout process.

 

Subsidiary Companies

Flow Forward Logo

Flow Forward Medical, LLC (“Flow Forward”) is a privately held subsidiary of Novita Therapeutics founded in August 2010 with headquarters in Olathe, KS. Flow Forward is developing the AFE System, a small, temporary, extracorporeal rotary blood pump system designed to increase eligibility for the arteriovenous fistula (AVF) vascular access site for hemodialysis and to increase AVF maturation success. The AFE System will provide a new treatment option that will reduce morbidity and mortality for hemodialysis patients, while also reducing the overall cost of their care.

Metactive Medical

Metactive Medical, LLC (“Metactive”) is a privately held, wholly owned subsidiary of Novita that was formed in August 2011 with headquarters at the Kansas Bioscience Authority Venture Accelerator in Olathe, KS.  Metactive is developing novel, catheter-based medical devices for the treatment of cardiovascular disease, including a device for the treatment of cerebral aneurysms that offers a more complete and lasting sealing of aneurysms that is faster and easier to perform, and less costly than existing treatment options.

Baxi Logo

Baxi Tax Credit Exchange, LLC (“Baxi”) is a privately held, wholly owned subsidiary of Novita that was formed in June 2010 with headquarters in Olathe, KS. Baxi is the only national online auction marketplace for matching buyers and sellers of transferable state tax credits. Using an online auction system and a unique database of tax credit buyers, Baxi enables individuals and businesses holding transferable tax credits to sell their tax credits, providing liquidity. For buyers, Baxi provides easy access to tax credits available for sale at a discount to face value, allowing them to generate income through a reduction in the actual cost of paying state taxes. For additional information, please visit www.baxiexchange.com.