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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:- •Validated the results of the Monitor against known standards for measuring cardiac output, demonstrating that the technology works •Proved that the CardioQ works in a wide range of surgical procedures •Demonstrated 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
22nd Jun 20077:01 amRNSAdditional Listing
19th Jun 20073:02 pmRNSHolding(s) in Company
14th Jun 20074:02 pmRNSAdditional Listing
7th Jun 20077:03 amRNSNew CardioQ Data
5th Jun 20077:02 amRNSUS Reimbursement Update
31st May 20078:49 amRNSTotal Voting Rights
23rd May 20077:32 amRNSUS Reimbursement Coverage
22nd May 20078:31 amRNSAdditional Listing
3rd May 20071:06 pmRNSIssue of Equity
3rd May 200710:25 amRNSAGM Statement
12th Apr 20077:01 amRNSUCLH adopts CardioQ
28th Mar 20078:00 amRNSHealth Technology Assessment
21st Mar 20072:53 pmRNSHolding(s) in Company
15th Mar 20077:05 amRNSUS Government HTA Published
15th Mar 20077:01 amRNSFinal Results
9th Mar 200712:35 pmRNSHolding(s) in Company
2nd Mar 20073:56 pmRNSDeltex SupraQ Demo Invite
28th Feb 20075:20 pmRNSTotal Voting Rights
27th Feb 20077:34 amRNSReimbursement Coverage in USA
22nd Feb 20071:10 pmRNSHolding(s) in Company
19th Feb 20079:30 amRNSSupraQ Progress
16th Feb 20077:00 amRNSSupraQ development & Placing
25th Jan 200712:33 pmRNSGerman Contract Win
22nd Jan 20073:15 pmRNSDirector/PDMR Shareholding
18th Jan 20077:52 amRNSContract Award
16th Jan 20077:01 amRNSTrading Statement
15th Jan 20079:31 amRNSFirst Maternity Unit Sales
4th Jan 20077:00 amRNSPublication of clinical study
3rd Jan 20077:00 amRNSHigh Risk Surgery Study
20th Dec 20068:37 amRNSTotal Voting Rights
19th Dec 20067:02 amRNSHospital Stay Length Results
18th Dec 20066:07 pmRNSHospital Stay Length Results
23rd Nov 20063:45 pmRNSDirector/PDMR Shareholding
23rd Nov 20063:05 pmRNSDirector/PDMR Shareholding
4th Oct 20067:01 amRNSPublication of clinical trial
28th Sep 200611:30 amRNSInterim Results
26th Sep 200610:58 amRNSSpinal Surgery Trial Results
26th Sep 20069:36 amRNSPositive Meta-analysis Result
18th Sep 20064:08 pmRNSHolding(s) in Company
18th Sep 200610:06 amRNSESCP Conference
18th Sep 20067:01 amRNSNew CardioQ. trial
31st Aug 20067:01 amRNSClinical Trial Results
25th Jul 20067:00 amRNSTrading Statement
15th Jun 20067:46 amRNSCardioQ Upgrade
25th May 20064:00 pmRNSDirector/PDMR Shareholding
22nd May 20061:18 pmRNSDirector/PDMR Shareholding
19th May 20064:26 pmRNSDirector/PDMR Shareholding
19th May 200612:49 pmRNSHolding(s) in Company
18th May 20066:14 pmRNSResult of Clinical Audit
3rd May 200612:33 pmRNSAGM/Trading Update

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