Moximed, a medical device company on a mission to improve the standard of care for people with knee osteoarthritis (OA), announced that James Leech has joined the company as Chief Financial and Strategy Officer.
“James adds significant financial and business strategy expertise to our executive team,” said Anton Clifford, Ph.D., founder and CEO of Moximed. “He’s achieved success as a founder, financier, and operator, particularly with companies at a growth stage similar to Moximed. James’ leadership will be instrumental as we continue to scale and grow adoption of the MISHA® Knee System.”
Leech was most recently a founding team member and Chief Business Officer at Palette Life Sciences, an interventional urology and radiation oncology focused medical device company. Palette was acquired by Teleflex in 2023 for an upfront cash payment of $600 million and an additional $50 million based on certain milestones. Leech is also the founder and Managing Partner of Warren Point Capital, LLC (WPC), a medical technology focused venture firm, and previously was a senior team-member at Back Bay Life Science Advisors, a life science focused investment banking and strategy consulting firm.
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“I am excited to join Moximed and help lead the growth of the business,” said Mr. Leech. “The MISHA Knee System has a tremendous market opportunity to help millions of knee OA patients before they are ready for joint replacement, and the product is already demonstrating significant patient and surgeon interest early in the commercial launch. I look forward to playing a key role in scaling the business and realizing the full potential of Moximed’s market opportunity.”
Moximed’s MISHA Knee System is for people with medial knee OA who failed to find relief from previous treatments. These patients continue to experience pain that interferes with daily activities, and are ineligible for, or unwilling to undergo, joint replacement due to age or absence of advanced OA.
Knee OA develops when the joint’s natural shock absorbers, cartilage and meniscus, no longer cushion the joint from daily activities, leading to chronic pain and activity limitation. Many people with mild to moderate OA are otherwise healthy, in their prime working years, and have busy lives. For these patients, total knee replacement is a reluctant option, as it is an end-stage treatment for end-stage disease. OA patients without end-stage disease seek options that preserve their knee, activity level, and quality of life.
SOURCE : BusinessWire