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Product Update

24 Jun 2005 07:00

Deltex Medical Group PLC24 June 2005 24 June 2005 Deltex Medical Group plc ('Deltex Medical' / 'Company') Leading doctors group puts CardioQTM at the heart of improving surgical outcomes in the UK NHS Deltex Medical today announces the publication by an independent group of theUK's leading doctors of a pamphlet entitled "Modernising Care for PatientsUndergoing Major Surgery: Improving Patient Outcomes and Increasing ClinicalEfficiency". The pamphlet notes that at least 20,000 NHS patients a year die after surgeryand that many of these die due to out-dated standards of care before, during andafter surgery. Patients having moderate and major surgery in the NHS are threeor four times more likely to die than equivalent patients in other developedcountries. The doctors, who include some of the UK's leading surgeons, anaesthetists andintensive care specialists, advocate a three-step evidence-based solution to theproblems: firstly the implementation of fluid optimisation of patients duringtheir surgery, secondly the provision of the appropriate levels of care in thecrucial post-operative period, and thirdly the introduction of rigorouspre-operative fitness testing to ensure that care plans are tailored to theindividual patient's need. The first step, fluid optimisation (ensuring that the patient has sufficientcirculating blood volume), can be implemented easily and cheaply without anychanges to current care pathways or staffing levels; it means patients leaveoperating theatres in better condition, suffering fewer post-operativecomplications and therefore spend less time in critical care and on the wards.The beds and staff freed up can then be redeployed to provide intermediatelevels of post-operative care. Deltex Medical's CardioQ is the only technologyavailable today which offers surgeons a proven solution in operating theatres tothe near universal problem of hypovolaemia (a shortage of circulating bloodvolume) and the post-operative complications it causes. Deltex Medical's Chief Executive, Andy Hill commented: "Fifteen thousand or more patients are dying unnecessarily in the NHS each yearafter surgery - fifteen times more than die from hospital acquired infectionslike MRSA. Many tens of thousands more patients suffer avoidable complicationsand unnecessarily long and difficult recoveries following their surgery. Fluidoptimisation of moderate and major risk surgical patients alone could more thanhalve the numbers of patients dying. We know that implementing intra-operativefluid optimisation using the Company's CardioQ would save the NHS many hundredsof millions of pounds every year, thereby freeing up the resources to allow theNHS to once more provide world class care to about one million higher riskpatients every year." For further information, please contact:- Deltex Medical Group plc 01243 774 837Nigel Keen, Chairman nigel.keen@deltexmedical.comAndy Hill, Chief Executive andy.hill@deltexmedical.comEwan Phillips, Finance Director ewan.phillips@deltexmedical.com Financial Dynamics 0207 831 3113David Yates david.Yates@fd.comLucy Briggs lucy.briggs@fd.com A conference call for analysts will be held at 9.30am UK time today. Pleasecall Lucy Briggs on 020 7269 7223 for details. 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 amountof circulating 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 haemodynamicallyoptimise critically ill patients and those undergoing routine moderate to majorsurgery through the controlled administration of fluid and drugs. Haemodynamicoptimisation has been scientifically proven to improve the speed and quality ofpatient recovery and reduce hospital stay. There are already over 1,250 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. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
17th May 20187:00 amRNSAnnual Report and Notification of AGM
10th May 20187:00 amRNSInvestor Event
9th May 20187:00 amRNSTrueVueTM Loops display launched on CardioQ-ODM+
9th May 20187:00 amRNSResults for the year ended 31 December 2017
25th Apr 20187:00 amRNSNotice of results and FEDORA trial update
7th Mar 20183:51 pmRNSHolding(s) in Company
1st Mar 20187:00 amRNSODM reduces postoperative complications by 75%
20th Feb 20187:00 amRNSCardioQ-ODM+ wins Paris Hospital System Tender
12th Feb 20189:30 amRNSDirector dealing and issue of equity
9th Feb 20181:10 pmRNSResult of General Meeting
9th Feb 201810:12 amRNSResult of Offer and Additional Allotment
24th Jan 20185:17 pmRNSPosting of Circular
23rd Jan 20183:00 pmRNSResult of Oversubscribed Placing
23rd Jan 20187:00 amRNSPlacing, Subscription and Offer
17th Jan 20187:00 amRNSMajor New US Hospital Account
5th Jan 20187:00 amRNSTrading Update
24th Oct 20177:00 amRNSUS launch of TrueVue(TM) system
3rd Oct 20177:00 amRNSNew US hospital account
25th Sep 20177:00 amRNSShare Options
21st Sep 20177:00 amRNSRelease and first sale of HD-ICG in France
11th Sep 20177:00 amRNSInterim Results
31st Aug 20177:00 amRNSNotice of Interim Results
31st Aug 20177:00 amRNSInvestor Event
2nd Aug 201712:59 pmRNSHolding(s) in Company
28th Jul 201711:10 amRNSHolding(s) in Company
27th Jul 20175:24 pmRNSHolding(s) in Company
21st Jul 20177:01 amRNSShare placing
21st Jul 20177:00 amRNSPre-close Trading Update
13th Jun 20179:30 amRNSDirector/PDMR Shareholding
9th Jun 20171:25 pmRNSResult of AGM
9th Jun 20177:00 amRNSExcellent Results from New Trial
9th Jun 20177:00 amRNSAGM Statement
31st May 20177:00 amRNSPatent Grant
26th May 20177:00 amRNSLaunch of ODMV+ system for veterinary anaesthesia
4th May 20177:00 amRNSNew Functionality on CardioQ-ODM+ Monitor Platform
3rd May 20172:20 pmRNSExercise of Options
3rd May 20172:15 pmRNSPublication of Annual Report & Notification of AGM
27th Apr 20177:01 amRNSDeltex awarded EU Horizon 2020 Phase 1 grant
27th Apr 20177:00 amRNSResults for the year ended 31 December 2016
20th Apr 201712:25 pmRNSInvestor open day and notice of results
4th Apr 201711:51 amRNSExercise of Options
28th Mar 20176:05 pmRNSHolding(s) in Company
22nd Mar 20177:15 amRNSGrant of Options
22nd Mar 20177:00 amRNSShare Issues
23rd Feb 20177:00 amRNSNew Monitor Sales in USA and UK
25th Jan 20177:00 amRNSSouth Korean broadens ODM reimbursement
18th Jan 20177:00 amRNSTwo additional US platform programme accounts
18th Jan 20177:00 amRNSTrading Update
30th Nov 20167:00 amRNSAdditional US platform programme account
4th Nov 20167:00 amRNSNHS hospital invests in ODM equipment

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