If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCreo Medical Regulatory News (CREO)

Share Price Information for Creo Medical (CREO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 34.75
Bid: 34.50
Ask: 35.00
Change: 0.00 (0.00%)
Spread: 0.50 (1.449%)
Open: 34.75
High: 34.75
Low: 34.75
Prev. Close: 34.75
CREO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Royal Oldham SSD service update

16 Aug 2023 07:00

RNS Number : 4070J
Creo Medical Group PLC
16 August 2023
 

Creo Medical Group plc

("Creo" the "Company" or the "Group")

 

Royal Oldham SSD service going from strength to strength

40 cases completed in record time, with patients and waiting lists experiencing immediate benefits

 

Creo Medical Group plc (AIM: CREO), the medical device company focused on the emerging field of minimally invasive surgical endoscopy, provides an update on the implementation of its technology within The Royal Oldham Hospital ("Royal Oldham"). On 17 May, Creo announced that Royal Oldham had become the first NHS hospital to immediately implement CROMA and Speedboat™ Inject across multiple endoscopy rooms, putting in place weekly lists for multiple SSD (Speedboat Submucosal Dissection) cases.

 

The hospital has now treated over 40 patients using the new service, representing the fastest time for any NHS hospital to reach the landmark, with exceptional results for patients, the hospital and its staff. Multiple doctors at the hospital have already progressed through Creo's Pioneer Programme mentoring stage and are independently treating regular lists of patients presenting with complex, high-risk lesions in the colon.

 

Creo has a target base for the Speedboat range of products of more than 350 NHS hospitals, with each SSD procedure demonstrated to save the NHS up to £10k when compared to traditional surgery, alongside a typically far shorter hospital stay and significantly lower risk of complications. There are 23 NHS England healthcare settings that have now adopted SSD.

 

Dr Sal Khalid, Consultant Gastroenterologist at the Royal Oldham Hospital, said: "I'm very pleased with the outcomes the Speedboat Inject device is facilitating for our patients, allowing our advanced endoscopists to remove complex high-risk lesions and even early cancer without the patient requiring invasive surgical treatment.

 

"Almost all bowel cancers start as a lesion, and so having the technology now available to us to cut deeper and more safely through the layers of the bowel when removing a lesion enables us to ensure that it's completely removed and reduce the chances of patients requiring an operation.

 

"It's already clear that this will have a lasting effect, with the treatment reducing the chances of recurrence from 15% to 1% and potentially providing a cure for lesions containing early cancer without requiring operation.

 

"Indeed, only three months into the new service we are already recording a reduction in the waiting lists not only across our endoscopy suites but, perhaps most importantly, in terms of those waiting for the surgical treatment of more invasive cancers.

 

"The best part about the new service is being able to call a patient a few days later and tell them that they have had a curative outcome - that the lesion has been removed with the necessary margins not to have to worry about it anymore. That was rarely the case before we introduced Speedboat Inject and the advanced energy.

 

"The establishment of this service will help us maintain our status as one of the leading advanced endoscopy services in the country and help us move towards our goal of prevention, early detection, and treatment of bowel cancer."

 

Dr Khalid has now completed over 15 procedures using the Speedboat Inject device. Out of the first 10 cases, two were confirmed as cancers and three as showing features of high grade dysplasia, suggesting lesions very close to turning into a cancer. All of these lesions were successfully removed completely through an SSD procedure using Creo's advanced energy device.

 

What next?

· SSD will become Royal Oldham's treatment of choice for high-risk polyps suspected of containing early cancer. Hundreds of patients every year are expected to benefit from this treatment option.

· Royal Oldham plans to expand the service and increase the number of conditions it can treat using this equipment. This will involve training endoscopists to perform a wider array of procedures using CROMA and Speedboat.

· An expanded service will be supported by a dedicated multidisciplinary team involving experts from across all the relevant specialties, ensuring every patient gets the best treatment based on expert knowledge, with every decision supported by the most current medical evidence.

· Royal Oldham will also aim to offer training opportunities to help teach this advanced technique to a wider pool of doctors, including the establishment of training posts of Endoscopy Fellows who will receive dedicated training and experience of decision making and performing SSD procedures under direct supervision of Dr Sal Khalid and his team.

 

Craig Gulliford, CEO of Creo Medical said: "Oldham provides a phenomenal model for what's possible when a hospital immediately recognises the potential of the device and implements the right pathways and resource to maximise its impact.

 

"To know that there are 40 patients in and around Oldham who have already benefited from our technology and the excellent service provided by Dr Khalid and his team is incredibly gratifying, with the knock-on positive effects on waiting lists and hospital resources now well established.

 

"To hear plans for the further expansion of the service is also excellent news and we look forward to supporting the hospital in every way we can."

 

Enquiries:

 

Creo Medical Group plc

www.creomedical.com

Richard Rees (CFO)

+44 (0)1291 606 005

Cenkos Securities plc

+44 (0)20 7397 8900

Stephen Keys / Camilla Hume (NOMAD)

Michael Johnson (Sales)

Numis Securities Limited (Joint Broker)

Freddie Barnfield / Duncan Monteith / Euan Brown

+44 (0)20 7260 1000

Walbrook PR

Tel: +44 (0)20 7933 8780 or creo@walbrookpr.com

Paul McManus / Sam Allen

Phillip Marriage

Mob: +44 (0)7980 541 893 / +44 (0)7502 558 258

+44 (0)7867 984 082 

 

 

About Creo Medical 

Creo Medical is a medical device company focused on the development and commercialisation of minimally invasive electrosurgical devices, bringing advanced energy to endoscopy.

 

The Company's vision is to improve patient outcomes through the development and commercialisation of a suite of electrosurgical medical devices, each enabled by CROMA, powered by Kamaptive. The Group has developed the CROMA powered by Kamaptive full-spectrum adaptive technology to optimise surgical capability and patient outcomes. Kamaptive is a seamless, intuitive integration of multi-modal energy sources, optimised to dynamically adapt to patient tissue during procedures such as resection, dissection, coagulation and ablation of tissue. Kamaptive technology provides clinicians with increased flexibility, precision and controlled surgical solutions. CROMA currently delivers bipolar radiofrequency ("RF") energy for precise localised cutting and focused high frequency microwave ("MW") energy for controlled coagulation and ablation via a single accessory port. This technology, combined with the Group's range of patented electrosurgical devices, is designed to provide clinicians with flexible, accurate and controlled clinical solutions. The Directors believe the Company's technology can impact the landscape of surgery and endoscopy by providing a safer, less-invasive and more cost-efficient option for procedures.

 

For more information, please refer to the website www.creomedical.com

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAEALPSFALDEFA
Date   Source Headline
25th Mar 20103:10 pmRNSSale of CREO shares
25th Mar 20107:00 amRNSDirector/PDMR Shareholding
23rd Mar 20107:00 amRNSResult of Tender Offer
8th Mar 20107:00 amRNSCircular re Tender Offer
8th Mar 20107:00 amRNSPreliminary Results
19th Feb 20107:00 amRNSBlocklisting Interim Review
5th Feb 20107:00 amRNSTrading Update
18th Jan 20107:00 amRNSDisposal
10th Dec 20097:00 amRNSNew Loan Facility
30th Nov 20094:13 pmRNSDirector Disclosure
25th Nov 20095:34 pmRNSDirector Declaration
25th Nov 200912:00 pmRNSProposed issue of zero dividend preference shares
20th Nov 20099:49 amRNSDisposal
12th Nov 20099:48 amRNSDisposal
5th Nov 200910:12 amRNSDisposal
7th Sep 200910:39 amRNSPublication of Financial Accounts
25th Aug 20097:00 amRNSInterim Results
18th Aug 20097:00 amRNSDirectorate Change
4th Aug 20097:00 amRNSTreasury Building Refinance
6th Jul 20097:00 amRNSBlocklisting Interim Review
1st Jul 20097:00 amRNSDirector/PDMR Shareholding
29th Jun 20097:00 amRNSDirectorate Change
24th Jun 20097:00 amRNSDisposal of Minority Stake
11th Jun 20097:00 amRNSAmendments to Investment Management Agreement
10th Jun 200911:18 amRNSResult of AGM
23rd Apr 200910:34 amRNSAnnual Report and Accounts
20th Apr 200912:52 pmRNSHolding(s) in Company
9th Apr 20099:05 amRNSIssue of Equity
3rd Apr 20091:24 pmRNSNotifiable interest in securities
1st Apr 20093:20 pmRNSDirector/PDMR Shareholding
23rd Mar 20093:24 pmRNSDirector/PDMR Shareholding
19th Mar 20097:00 amRNSFinal Results
22nd Jan 20095:00 pmRNSDirector/PDMR Shareholding
20th Jan 200911:00 amRNSSignificant shareholder notification
16th Jan 20099:31 amRNSTransaction in Own Shares
15th Jan 20093:57 pmRNSNotifiable interest in securities
15th Jan 20098:46 amRNSTransaction in Own Shares
13th Jan 20099:00 amRNSRe Call Option Agreement
5th Jan 20093:40 pmRNSSignificant shareholder notification
5th Jan 200910:39 amRNSSignificant shareholder notification
2nd Jan 20099:34 amRNSBlock Listing 6 monthly review
31st Dec 20089:57 amRNSTransaction in own securities
19th Dec 20084:33 pmRNSTransaction in Own Shares
9th Dec 20087:00 amRNSAppointment of Nomad and Joint Broker
8th Dec 20084:14 pmRNSGrant of Options
3rd Dec 200811:25 amRNSResult of EGM
26th Nov 20087:00 amRNSAppointment of Joint Broker
26th Nov 20087:00 amRNSRREEF Share Purchase
21st Nov 20089:24 amRNSCall Option Agreement
14th Nov 20087:00 amRNSGrant of Options

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.