See more news releases in: Banking & Financial Services, Health Care & Hospitals, Medical Pharmaceuticals, New Products & Services
BioCrossroads' Indiana Seed Fund Invests in Medical Device Company that Aids Stent Deployment
FlowCo Technology Adds Precision to Procedures
INDIANAPOLIS, Aug. 28 /PRNewswire/ -- More than 1.5 million Americans
undergo coronary stent procedures each year to restore blood flow to the
heart. This catheter-based placement of a wire mesh tube into an artery
opens a clogged blood vessel. Currently, the routine catheter used to
deploy the stent does not have a precise method for determining exact
placement or a definitive measurement of the circumference of the artery
for stent sizing. Error in placement or sizing can lead to poor outcomes
including higher rates of restenosis (re-closure) of vessels and increased
risk of thrombosis.
A new medical device invented by an Indianapolis biomedical engineer
helps size and deliver stents more accurately. The LumenRECON is a
catheter-based device that uses electricity to size the cross-section of a
blood vessel. Four very small electrical wires are mounted on the exterior
of any standard catheter and inserted into the blood vessel. Electrical
currents are sent to the electrodes which give the cardiologist a digital
output of the measurement for the blood vessel's cross-sectional area
digitally in real-time.
FlowCo, developer of the LumenRECON device, recently received a
$250,000 investment from BioCrossroads' Indiana Seed Fund I, Indiana's only
targeted life sciences seed stage investment fund. Dr. Ghassan Kassab, the
Inventor of LumenRECON and Founder and President of FlowCo said that the
funding will enable the company to make a human-use prototype for clinical
trials scheduled to take place by next summer. The company is currently
preparing regulatory documents for the study.
"BioCrossroads' support and resources have been invaluable and their
investment will enable us to get to the next level," said Dr. Kassab. "The
LumenRECON technology will be embedded into the devices that cardiologists
and radiologists already use when doing catheterization procedures. This
device provides doctors with a lumen map - an immediate, digital reading --
to help them be more precise in the placement and sizing of stents. This
should result in shorter, and safer procedures."
"BioCrossroads' Seed Fund was established in order to invest in
promising people, technologies and companies right here in Indiana, and Dr.
Kassab's device epitomizes the kind of life sciences innovations that we
support," said David Johnson, President and CEO of BioCrossroads. "Dr.
Kassab is a remarkable person with the vision and determination to improve
the future of health care through truly useful technology."
Dr. Kassab holds the Thomas Linnemeier Guidant Endowed Chair of
Biomedical Engineering and is Professor of Surgery, Cellular and
Integrative Physiology at Indiana University-Purdue University at
Indianapolis. Dr. Kassab does research on vascular systems, coronary
circulation and tissue remodeling. Beyond basic research, Dr. Kassab also
spends time in the clinic in his effort to gain insights and develop
technology-driven responses to issues of real importance to practicing
physicians.
"I don't think we can make a contribution to medicine unless we
understand what the clinicians do. We work in a collaborative environment
with the doctors and surgeons, unifying their experiences with our
biomedical engineering expertise," said Dr. Kassab.
The LumenRECON device can also be used to determine the exact size that
a balloon should be inflated during stent insertion into the blood vessel
(angioplasty). The LumenRECON, a balloon, and a collapsed stent are
advanced toward the site and the balloon is then inflated to the correct
size by using the digital measurement from the previous LumenRECON
electrode readings. The stent stays in place, the balloon is deflated and
the catheter is removed.
"The LumenRECON device addresses several of the issues that are
currently associated with stent procedures," said Dr. James Hermiller,
Director, Cardiac Catheterization Labs, The Care Group at St. Vincent's
Hospital, where the clinical study will take place. "I'm excited to work
with Dr. Kassab to enhance the stent procedure and improve patient
outcomes."
About FlowCo
FlowCo is a medical device company focused on providing products to
improve the flow of blood through the vascular system. Impedance technology
(the use of electricity), on which the company is founded, provides a
platform for the development of products that aid in sizing, diagnosis and
treatment of diseased vessels.
FlowCo impedance technology products address the short comings of
current products by rapidly providing quantitative data to the physician
about the vessel and stent size. The devices are catheter based and will be
suitable for peripheral and cardiac applications.
About BioCrossroads
BioCrossroads (www.biocrossroads.com) is Indiana's initiative to grow
the life sciences, a public-private collaboration that supports the
region's research and corporate strengths while encouraging new business
development. BioCrossroads provides money and support to life sciences
businesses, launches new life sciences businesses, expands collaboration
and partnerships among Indiana's life science institutions, expands science
education and markets Indiana's life sciences industry.
About the Indiana Seed Fund I
The $6 million, return-driven Indiana Seed Fund was launched in June
2005 and is managed by BioCrossroads with funding coming from
BioCrossroads, the Indiana Finance Authority and the Indiana Economic
Development Corporation. The Seed Fund provides working capital in the
range of $50,000-$500,000 to promising Indiana life sciences companies at
the preliminary stages of operation.
Information on Stent Procedures
A stent is a small wire mesh tube inserted into a blood vessel to keep
the vessel open. During the stent deployment procedure, a catheter with an
empty balloon on its tip is guided through the arteries to the location of
the weakened vessel or plaque build up. The balloon is then inflated to the
size of the blood vessel and the stent expands along with the balloon. The
balloon is then deflated and removed, leaving the stent in place.
On average, 300,000 patients have surgical procedures to insert stents
in blood vessels such as in the legs (peripheral) or neck (Carotid) each
year. Approximately 3 million people worldwide have coronary stent surgery
on a yearly basis.
Available Topic Expert(s): For information on the listed expert(s), click
appropriate link.
David Johnson
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=63868
SOURCE BioCrossroads
Back to top
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
![]()
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All The Glitters: The Ultimate Gold Report".
