Cardiovascular Sciences, Inc. Consolidates Progress and Forges Ahead
19 Febrero 2008 - 7:18AM
Marketwired
ORLANDO, FL was established a few years ago to investigate and
develop novel medical technologies to meet unmet and only partially
addressed clinical needs. Areas of endeavor have required
technologies as wide ranging as cell engineering to clot resistant
coatings to tissue grafts to guided radiofrequency ablators and
more. But what gradually became evident to the Company's technical
team as they considered a variety of factors such as the size and
growth of the ultimate market, the shortfalls of available products
for this need, and the resources and time required to develop a
likely technology to marketability, there was one clinical need
that trumped the other areas. That is the need to prevent adhesions
and adhesion related complications that often follow various
surgeries and traumas. The cost of these complications constitutes
a $6+ billion global market.
The adhesion process is part of normal healing and is what
allows the edges of a cut on the skin to knit together and heal.
But when two adjacent tissues that are not normally attached are
stressed as happens in most surgeries, the surfaces can scar
together and contract, causing problems ranging from minor
discomfort to joint limitation to life threatening obstruction and
intestinal perforation. The key to preventing this is to use a
material to separate the surfaces for several days that then
degrades and reabsorbs after the healing has reached the point
after which adhesions are unlikely to occur.
Focusing on this need has allowed the team to consolidate its
resources and efforts in the most productive area. A new president
with market development experience was brought in, Mr. Eric O.
Edelmann, who remains as a consultant. Larry Hooper, a physician,
was moved into the top spot as CEO, directed and coordinated the
team's research at the University of Central Florida. Along with
this, the Company was admitted into UCF's award winning Technology
Incubator program where it has garnered much praise as evidenced by
Gordon Hogan, the incubator's Business Development Executive, "It
is exciting to watch Cardiovascular Sciences leverage their
existing management strengths with the scientific and technological
strengths of UCF. This convergence can easily result in dramatic
changes in the prevention of surgical adhesions." Carol Ann Dykes,
the incubator's Technology Site Manager is similarly enthused.
"It's been exciting to watch this committed and passionate team
pull it together and march toward what promises to be an exciting
and successful future."
"Rightly or wrongly," explains the company's CEO, "the company
did spend considerable effort chasing and investigating a wide
range of technologies." But Dr. Hooper hastens to add, "But if not
for that, we would not have found, developed and understood the
value of the technology we now have. And by intently focusing in
this area, the range of indications and other possible uses of the
second generation material we have produced continue to blossom
well beyond what we first envisioned."
The recent funding event announced with Seven Palm Investments,
LLC now allows the company to intensify its efforts and move into
high gear with its R & D. This next year should see an
increasing frequency of announcements as the Company continues to
develop an even wider variety of applications for its products, and
commences expanded in vitro and animal trials as it relentlessly
pursues the course to marketing its proprietary technology.
About Cardiovascular Sciences
Cardiovascular Sciences, Inc. is an advanced medical device
company which is developing a novel technology platform to address
the problem of post-surgical and post-traumatic adhesions.
Adhesions and the complications of adhesions are a significant
problem worldwide for a wide range of specialists, including
general surgeons, cardiothoracic surgeons, orthopedic, plastic, and
ophthalmologic and otolaryngology specialists to name just some of
them. In addition, the veterinary field has a tremendous need for a
product that can prevent similar problems in a wide variety of
animals.
The Company's unique materials and processes promise a more
cost-effective and decidedly more efficient and capable means to
deal with a problem that has been so devastating to so many.
Current sponsored research at the University of Central Florida
(UCF) and previously at other institutions indicate that The
Company is on the right path and progressing well.
In addition to the anti-adhesion technology, The Company owns
technology in a variety of other areas, including thrombo-resistant
coatings, enhanced intra-arterial balloon pumping catheters, cell
engineered vascular tissues, and a method for improved recovery of
the heart following cardioplegia. This yields a diversified
portfolio with projects in various stages of development.
www.cvsciences.org
Forward-looking statements in this release are made pursuant to
the Safe Harbor Provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
certain risks, and uncertainties and actual results could differ
from those discussed. This material is information only and is not
an offer or solicitation to buy or sell the securities.
For more information contact: Cardiovascular Sciences Investor
Relations 800-858-7502 ir@cvsciences.org
Cardiovascular Sciences (CE) (USOTC:CVSC)
Gráfica de Acción Histórica
De Mar 2025 a Abr 2025
Cardiovascular Sciences (CE) (USOTC:CVSC)
Gráfica de Acción Histórica
De Abr 2024 a Abr 2025