ZURICH, December 22, 2016 /PRNewswire/ --
The Board of Directors of Sequana Medical AG ("Sequana Medical" or the "Company") announces with great sadness, the sudden death of its Founder, President and Chief Executive Officer, Noel L. Johnson, Ph. D.
Dr. Johnson founded the Company in 2006 and has served as President and Chief Executive Officer since then. Noel originated the idea of a fully implantable battery-powered pump for the management of refractory ascites (chronic fluid build-up in the abdomen), a frequent complication of late-stage liver disease and certain cancers. He led the team to bring the alfapump® system to market and the system has been implanted in over 400 patients.
The Board and all employees are greatly saddened by Noel's passing, and indebted to Noel for his boundless energy and dedication, and significant contribution to Sequana Medical. Throughout his time with Sequana Medical, Noel was dedicated to improving the quality of life of patients living with this debilitating disease. The availability of the alfapump® system for refractory ascites patients in Europe is due in great part of Noel's hard work and commitment. The Board's thoughts are with Noel's family at this difficult time.
Noel had, prior to his passing, together with the board started the process of succession to hand over the role of CEO to Ian Crosbie. Noel would have remained involved both as an advisor and as a member of the board. Mr. Crosbie joined the Company in July 2016 as Chief Financial Officer.
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About Sequana Medical:
Sequana Medical is a commercial stage medical device company and the leader in the active transport of fluids within the body.
Our first product, the alfapump system, is a fully implantable, transcutaneously charged, battery-powered pump for the management of refractory ascites (chronic fluid build-up in the abdomen) due to liver cirrhosis or malignant ascites with a life expectancy of 6 months or less. The alfa pump® System is one of the first real alternatives to large-volume paracentesis, a lengthy, invasive and painful procedure that can require weekly hospital visits for drainage of excess fluid. By moving ascites to the bladder, where the body can eliminate it naturally through urination, the alfapump system prevents fluid build-up and its possible complications, improving patient quality of life and nutrition, and potentially reducing hospital visits and healthcare costs. Our DirectLink Technology allows clinicians to receive pump performance information and more effectively manage patients treated by the alfa pump system. The alfa pump has received the CE Mark and is commercially available in 14 countries. The alfapump system is currently under evaluation in the US under an IDE study.
The Company is headquartered in Zurich, Switzerland and our investors include NeoMed Management, VI Partners, Biomed Invest, Capricorn Health Tech, Entrepreneur's Fund and Life Science Partners. For further information, please visit http://www.sequanamedical.com.
SOURCE Sequana Medical AG