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Product Update

16 Mar 2006 07:01

Deltex Medical Group PLC16 March 2006 Deltex Medical Group plc Liver surgery audit demonstrates benefits of CardioQ 16 March 2006 Deltex Medical Group plc ('Deltex Medical' or the 'Company'), theAIM listed haemodynamic monitoring company, today announces the preliminaryfindings from an audit of the use of the Company's CardioQ(TM) monitor in liversurgery. Major liver surgery carries with it the risk of severe blood loss requiringtransfusion of whole blood or elements derived from whole blood ('bloodproducts'). Patients undergoing liver surgery frequently experiencecomplications related to the need for transfusion that can markedly extendlength of stay. Doctors and managers at a European teaching hospital undertook an audit of theuse of the CardioQ in ten patients undergoing major liver surgery and comparedthe use of disposable equipment, whole blood and blood products for thesepatients with historical averages. Overall, use of whole blood and blood products was significantly less on averagefor the monitored group. Cost savings, taking into account the cost of theDeltex Medical probe and the reduction in whole blood, blood products andancillary equipment used, but excluding savings from length of stay reduction,were approximately €3,500 per patient. Deltex Medical's Chief Executive, Andy Hill, commented: "This work in liver surgery represents a new and different approach to the useof the CardioQ. In this application the primary goal is to safely manipulate apatient's haemodynamic status in order to minimise blood loss and the resultantneed for blood transfusion. "There are approximately 80,000 patients every year in Europe alone who couldbenefit enormously from this approach if it were adopted as a standard of care,and there is the additional potential for substantial cost savings at hospitals." 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 DynamicsDavid Yates david.Yates@fd.com 0207 831 3113John Gilbert john.gilbert@fd.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 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
12th May 20117:00 amRNSNotification of Major Interest in Shares
11th May 20114:56 pmRNSNotification of Major Interest in Shares
28th Apr 201111:31 amRNSResult of AGM
28th Apr 201111:00 amRNSAGM Statement
19th Apr 20111:25 pmRNSIssue of Equity
19th Apr 20111:21 pmRNSDirectors' Shareholdings / Issue of Equity
19th Apr 201111:07 amRNSDirectors' Share Dealings
15th Apr 20113:28 pmRNSIssue of Equity
15th Apr 20113:04 pmRNSIssue of Equity
5th Apr 20117:00 amRNSAdditional Listing
30th Mar 20117:00 amRNSFinal NICE guidance recommends CardioQ-ODMT
22nd Mar 20117:00 amRNSHolding(s) in Company
11th Mar 20114:36 pmRNSHolding(s) in Company
10th Mar 20111:05 pmRNSIssue of Equity
1st Mar 20117:00 amRNSPreliminary Results Announcement
21st Feb 20117:00 amRNSAdditional Listing
13th Jan 20117:00 amRNSPre-close update on the year ended 31 Dec 2010
23rd Dec 201012:45 pmRNSDirectors Shareholdings
23rd Dec 201012:39 pmRNSGrant of Options
23rd Dec 201012:35 pmRNSAdditional Listing
16th Dec 20107:00 amRNSParis Hospital System Contract for CardioQ-ODMT
14th Dec 20103:52 pmRNSDirector/PDMR Shareholding
14th Dec 201010:43 amRNSHolding(s) in Company
14th Dec 20109:21 amRNSHolding(s) in Company
29th Nov 20101:04 pmRNSAdditional Listing
20th Oct 20103:01 pmRNSWorthing Hospital wins award (Replacement)
20th Oct 20107:00 amRNSWorthing Hospital wins award
13th Oct 20104:00 pmRNSDirector/PDMR Shareholding
13th Oct 20104:00 pmRNSDirector/PDMR Shareholding
6th Oct 20103:56 pmRNSNotification of Major Interest in Shares
4th Oct 20102:02 pmRNSPositive NICE draft guidance on CardioQ-ODM
20th Jul 20107:00 amRNSTrading Statement
25th Jun 20103:47 pmRNSDirectors' Shareholdings
25th Jun 20103:42 pmRNSGrant of Options
22nd Jun 20102:45 pmRNSDirector/PDMR Shareholding
8th Jun 20107:00 amRNSNICE
6th May 20109:18 amRNSUS Order
28th Apr 20101:23 pmRNSResult of AGM
28th Apr 201011:31 amRNSAGM Statement
31st Mar 20105:45 pmRNSAmendment - Director/PDMR Shareholding
31st Mar 20105:17 pmRNSDirector/PDMR Shareholding
31st Mar 20105:08 pmRNSAdditional Listing
29th Mar 20103:26 pmRNSAdditional Listing
24th Mar 20102:52 pmRNSHolding(s) in Company
24th Mar 20107:01 amRNSNon-Executive Directors' shareholdings
24th Mar 20107:00 amRNSGrant of Options
23rd Mar 20107:00 amRNSNew UK Government reports covering ODM
16th Mar 20107:00 amRNSPreliminary Results
28th Jan 20107:00 amRNSNew study verifies the value of CardioQ-ODMT
14th Jan 20101:13 pmRNSResults of NHS Study

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