A first-of-its-kind magnesium alloy-based vascular closure device that offers a unique method of quickly achieving stable mechanical vascular closure following percutaneous catheterization for diagnostic or interventional procedures using 5-8 Fr procedural sheaths. The implant consists of a plug and footplate system that when presented to the arteriotomy, effects immediate, stable and reliable hemostasis.    Dr. Shing-Chiu Wong, Director of Cardiac Catheterization Laboratories at the New York Presbyterian — Weill Cornell Medical Center and a leading clinical participant in the velox CD™ clinical studies states, “velox CD™ is the world’s first metal-based bioabsorbable closure device that is simple to use and highly predictable for femoral access site hemostasis. This innovation should prove to be a significant enhancement to the existing offerings.”