Sutura, Inc. (Sutura) is a medical device company engaged in the manufacture of minimally invasive single-use suture placement devices. These devices are used to suture the puncture created in the artery during a catheter-based procedures or open surgical procedures. Sutura`s products are SuperStitch and KwiKnot. The company has limited the sales of its SuperStitch to Europe and is in the process to expand to US. It assembles tests and packages its SuperStitch in-house. It principally operates in United States, Germany and France. Sutura holds about four subsidiaries. The company is headquartered in California, US.
Recently in December 2008, Sutura entered into an Asset Purchase Agreement with Nobles Medical Technologies, Inc., for the sales of substantially all of the assets of Sutura to Nobles Medical.The operating loss of the company was USD 0.00 million during the fiscal year 2008, a decrease of 100.00% from 2007. The net loss of the company was USD 11.02 million during the fiscal year 2008, as against a net profit of USD 10.50 million during 2007.