The Joey Clamp (an umbilical cord clamp) and The Joey Clamp & Cutter (which includes an umbilical cord cutter) are breakthrough OB/GYN medical devices which are used in the delivery process. A great team of product designers made the clamp as cute as it is effective by building a koala face into the design. The charming appearance gives the product a retail appeal - mothers are actually requesting the "cute" clamp.
Because another medical company already has rights to the name Koala, the product is being branded under the name Joey, which is a Australian nickname for a baby marsupial and slang for any young animal or child.
The added attention given to the product design is carried into the logo. The shape of the actual device is used in place of an "o" to help reinforce the design of the clamp.