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CardioQ update

3 Apr 2008 07:00

Deltex Medical Group PLC03 April 2008 Deltex Medical Group plc Second hospital in southern Californian group set to implement routine use of CardioQ in patients undergoing surgery 3 April 2008 - Deltex Medical Group plc ("Deltex Medical"), the UK's leadinghaemodynamic monitoring company, today announces that implementation of routineuse of the CardioQ(TM) in a southern Californian hospital group has progressedto the second of its four acute surgical hospitals. Deltex Medical began working with the hospital group early in 2007 and at thefirst hospital to implement routine use of the CardioQ more than a quarter ofall patients having major surgery are being monitored. Usage is growing bothwithin and across different surgical procedure and at present more than 100patients every month benefit from the use of the CardioQ to guide fluid deliveryduring their operation. It is anticipated that recent changes in physicianreimbursement for use of oesophageal Doppler monitoring will further accelerateuptake. Anaesthetists from one of the largest independent anaesthesia groups in the USAprovide services to the group's hospitals and are leading the implementationproject, working in collaboration with surgeons and administrators. Thisanaesthetic group provides services to a further eight acute surgical hospitalsin southern California and treats in excess of 50,000 patients each yearundergoing surgery. Roll out into further sites served by the group is beingplanned for 2008/09. Deltex Medical's Chief Executive, Andy Hill commented: "This project represents our most successful wide-scale implementation to dateand has enabled us to refine our sales and training model substantially and totailor it more effectively to the needs of doctors and administrators wishing toestablish routine use of the CardioQ in major surgery." For further information, please contact:- Deltex Medical Group plc 01243 774 837Nigel Keen, Chairman njk@deltexmedical.comAndy Hill, Chief Executive ahill@deltexmedical.comEwan Phillips, Finance Director eap@deltexmedical.com Gavin Anderson & Company 0207 554 1400Deborah Walter dwalter@gavinanderson.co.ukRobert Speed rspeed@gavinanderson.co.uk Charles Stanley SecuritiesNominated Advisors 020 7149 6000Philip Davies philip.davies@csysecurities.comRussell Cook russell.cook@csysecurities.com Notes for Editors Deltex Medical manufactures and markets the CardioQ monitor, which usesdisposable ultra-sound probes inserted into the oesophagus to determine theamount of blood being pumped around the body - 'circulating blood volume'.Reduced circulating blood volume is known as hypovolaemia, which leads toinsufficient oxygen being delivered to the organs. This causes medicalcomplications including peripheral and major organ failure which can lead todeath. Hypovolaemia, which is akin to severe dehydration, affects virtuallyevery patient having surgery because of the combined effects of pre-operativestarvation, the impact of the anaesthetic agents and trauma from the surgeryitself. Using fluids and drugs, guided by the CardioQ, to optimise the amount ofcirculating blood significantly reduces post-operative complications allowingpatients to make a faster, more complete recovery and return home earlier. The CardioQ incorporates the Company's proprietary software and a smalldiameter, easy-to-use, minimally invasive, disposable oesophageal probe that isused for transmitting and receiving an ultra-sound signal. By using thistechnology, the CardioQ provides clinicians with the ability to optimisecritically ill patients and those undergoing routine moderate to major surgerythrough the controlled administration of fluid and drugs. Haemodynamicoptimisation has been proven to improve the speed and quality of patientrecovery and reduce hospital stay. There are already around 1,500 CardioQs currently in use in hospitals worldwideand distribution arrangements are in place in over 30 countries. In addition,there are currently more than 90 clinical publications on the use of the CardioQwhich have repeatedly:- โ€ขValidated the results of the Monitor against known standards for measuring cardiac output, demonstrating that the technology works โ€ขProved that the CardioQ works in a wide range of surgical procedures โ€ขDemonstrated that the Company's technology provides significant health and economic benefits by helping to reduce post-operative complications and length of hospital stays by an average of 30 to 40 per cent for a wide range of patients. The SupraQ is an entirely non-invasive device which uses an ultrasound probeheld at the base of the patient's neck to track the flow of blood in the aorta;it presents the same data as the CardioQ in a similar format and is used for taking snapshots or monitoring over short periods. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
20th Aug 20087:00 amRNSNHS National Technology Adopt
31st Jul 20088:29 amRNSTotal Voting Rights
8th Jul 20087:40 amRNSTrading Statement
1st Jul 20082:25 pmRNSDirector/PDMR Shareholding
30th Jun 20083:35 pmRNSTotal Voting Rights
30th Jun 20087:40 amRNSDirector/PDMR Shareholding
30th Jun 20087:30 amRNSDirector/PDMR Shareholding
30th Jun 20087:00 amRNSInterim Trial Results
26th Jun 20083:46 pmRNSIssue of Equity
24th Jun 200811:08 amRNSIssue of Equity
27th May 20084:00 pmRNSIssue of Equity
13th May 200811:50 amRNSResult of AGM
13th May 200811:50 amRNSResult of AGM
9th May 20089:22 amRNSHolding(s) in Company
8th May 20087:01 amRNSCardioQ-ODM Update
25th Apr 20089:07 amRNSClinical Paper
23rd Apr 20087:01 amRNSNext Generation of CardioQ
22nd Apr 200812:10 pmRNSHolding(s) in Company
18th Apr 20087:00 amRNSCompletion of Funding Package
15th Apr 20087:01 amRNSCardioQ update
14th Apr 20087:01 amRNSCardioQ update
7th Apr 20087:01 amRNSFinal Results
7th Apr 20087:01 amRNSNew Non-Executive Director
3rd Apr 20087:00 amRNSCardioQ update
2nd Apr 20087:01 amRNSCardioQ update
28th Mar 20087:02 amRNSNTAH update
26th Mar 20087:02 amRNSCardioQ update
20th Mar 20087:00 amRNSNotice of Results
3rd Mar 20083:22 pmRNSODM meta - analysis
25th Jan 20083:58 pmRNSDirector/PDMR Shareholding
23rd Jan 20087:01 amRNSPositive Scientific Review
23rd Jan 20087:01 amRNSPre-close update
18th Jan 200811:41 amRNSHSJ Article
26th Nov 20079:03 amRNSDirector/PDMR Shareholding
21st Nov 20077:02 amRNSCardioQ Product Endorsement
31st Oct 20072:15 pmRNSTotal Voting Rights
22nd Oct 20079:01 amRNSHolding(s) in Company
16th Oct 20074:03 pmRNSAdditional Listing
1st Oct 20077:06 amRNSCardioQ announcement
25th Sep 200711:00 amRNSInterim Results - Replacement
25th Sep 20077:03 amRNSInterim Results
16th Aug 20073:53 pmRNSAIM Rule 26 Information
31st Jul 20073:29 pmRNSTotal Voting Rights
25th Jul 200711:30 amRNSRecommendation for CardioQ
11th Jul 20077:01 amRNSTrading Statement
5th Jul 20073:30 pmRNSImproving Surgical Outcomes
29th Jun 20073:34 pmRNSDirector/PDMR Shareholding
29th Jun 20073:26 pmRNSAdditional Listing
29th Jun 20078:52 amRNSTotal Voting Rights
28th Jun 20077:04 amRNSNew Clinical Evidence

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