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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
11th Mar 20147:00 amRNSRelease of oesophageal Doppler patient simulator
11th Mar 20147:00 amRNSFinal Results
28th Jan 20147:00 amRNSDistribution Agreement
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9th Jan 20147:00 amRNSPre-Close Update
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24th Dec 201311:52 amRNSHolding(s) in Company
23rd Dec 20131:45 pmRNSGrant of Options
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19th Dec 20137:00 amRNSPublication of evidence review
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12th Dec 20137:00 amRNSJoint Venture in Canada
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22nd Nov 20135:57 pmRNSAdditional Listing
31st Oct 201312:00 pmRNSAdditional Listing
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25th Oct 20133:01 pmRNSHolding(s) in Company
23rd Oct 20137:00 amRNSAdditional Dedicated Trainer Hospital in USA
23rd Oct 20137:00 amRNSFDA approves CardioQ-ODM+
23rd Sep 20137:00 amRNSPrivate Investor Event
10th Sep 20137:00 amRNSInterim Results
8th Aug 20137:00 amRNSNotice of Results
1st Aug 20137:00 amRNSUS Authorities Publish ODM Payment Instructions
26th Jul 20133:02 pmRNSAdditional Listing
9th Jul 20139:00 amRNSPre-Close Update
4th Jul 20137:00 amRNSPositive Study from St Thomas's Hospital
25th Jun 201311:30 amRNSIssue of Equity
25th Jun 201311:10 amRNSDirector/PDMR Shareholding
24th Jun 20137:00 amRNSFDA submission completed for CardioQ-ODM+
19th Jun 20137:00 amRNSPremier Update: Successful Pilot Study
18th Jun 20134:11 pmRNSManchester One2One Investors Forum - June 26
30th May 20137:00 amRNSClinical Guidelines for Anaesthetists in France
17th May 201310:25 amRNSDirector/PDMR Shareholding
1st May 20138:47 amRNSResult of AGM
30th Apr 20137:00 amRNSAGM Statement
24th Apr 20135:44 pmRNSHolding(s) in Company
23rd Apr 20138:51 amRNSHolding(s) in Company
12th Apr 20133:23 pmRNSDirector Shareholding and Additional Listing
12th Apr 201312:42 pmRNSDirector/PDMR Shareholding - Replacement
12th Apr 20137:00 amRNSDirector/PDMR Shareholding
10th Apr 20137:00 amRNSUS Govt body grants unique payment code for ODM
25th Mar 20137:00 amRNSFinal Results
18th Mar 20137:00 amRNSOutstanding Achievement Award
4th Feb 20131:42 pmRNSHolding(s) in Company
28th Jan 201310:06 amRNSHolding(s) in Company
23rd Jan 201312:39 pmRNSDirector/PDMR Shareholding
18th Jan 201311:20 amRNSPlacing to raise £2.5 million
8th Jan 20137:00 amRNSPre-close update

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