CardioDynamics - `CDIC' - Announces BioZ Study Demonstrating $1 Billion Potential Healthcare Savings.SAN DIEGO--(BW HealthWire)--Nov. 11, 1999-- Company also Announces Significant Increased Interest in the BioZ at the American Heart Association American Heart Association (AHA), n.pr a national voluntary health agency that has the goal of increasing public and medical awareness of cardiovascular diseases and stroke, and thereby reducing the number of associated deaths and disabilities. (AHA) Meeting, Atlanta CardioDynamics International Corporation (Nasdaq:CDIC CDIC Chronic Diseases In Canada (journal) CDIC Canadian Deposit Insurance Corporation CDIC Carbon Dioxide Information Center CDIC Center for Data Intensive Computing (BNL) ), manufacturer of BioZ(R) noninvasive digital cardiac output cardiac output n. Abbr. CO The volume of blood pumped from the right or left ventricle in one minute. It is equal to the stroke volume multiplied by the heart rate. monitoring systems, announced the results of a significant BioZ clinical study at the American Heart Association Meeting held November 7-10, 1999 in Atlanta. The study demonstrates that CardioDynamics' proprietary noninvasive Thoracic Electrical Bioimpedance (TEB TEB Test & Evaluation Board TEB Third Eye Blind (band name) TEB Thread Environment Block TEB Turkiye Ekonomi Bankasi TEB Triethylborane TEB Technical Evaluation Board TEB Traffic Engineering Bureau (Pakistan) ) technology can significantly reduce healthcare expenditures by providing an alternative to the costly, risky and invasive Pulmonary Artery Catheter In medicine pulmonary artery catheterization is the insertion of a catheter into a pulmonary artery. Its purpose is diagnostic; it is used to detect heart failure or sepsis, monitor therapy, and evaluate the effects of drugs. (PAC). The Post-CABG BioZ Study involved cardiopulmonary-bypass surgery patients at the Naval Medical Center in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . The study demonstrated the BioZ's ability to reduce over $1 billion in PAC-related expenditures in the 759,000 open heart surgeries performed annually in the United States. Simultaneous cardiac index cardiac index n. The volume of blood pumped by the heart in a unit of time divided by the body surface area, usually expressed in liters per minute per square meter. measurements by the BioZ and PAC were compared over time, and the results revealed outstanding accuracy and clinical equivalence between BioZ and PAC measurements (r = 0.95). Commenting on his study, W. Scott Sageman, M.D., stated, "The Post-CABG BioZ Study is a milestone in hemodynamic monitoring hemodynamic monitoring Clinical medicine A general term for the ongoing evaluation of hemodynamics . The potential impact of this study in terms of quality of life and economics is significant, and the data suggest that the BioZ technology may reduce annual healthcare expenditures by over $1 billion. The ability of the BioZ to provide continuous hemodynamic he·mo·dy·nam·ics n. (used with a sing. verb) The study of the forces involved in the circulation of blood. he feedback in this setting is an important step towards establishing TEB as a future standard of care." Michael K. Perry, Chief Executive Officer of CardioDynamics, stated, "This study further validates the BioZ's role in substantially reducing the estimated $1 trillion spent on healthcare annually in the U.S. by providing a safe, accurate and cost-effective noninvasive alternative for hemodynamic data. The BioZ is being adopted worldwide as the latest monitoring and assessment technology and is becoming the noninvasive method of choice to obtain cardiac function data." The Company also announced physician interest at the AHA Meeting in the BioZ increased over 200% from last year's meeting. The potential sales resulting from these physicians represent over $10 million and will be aggressively pursued by the Company's sales force. Company Description CardioDynamics, with headquarters in San Diego, is committed to fundamentally changing the way hemodynamic monitoring is performed in healthcare. The Company's primary products, the BioZ(R) System, Portable BioZ(R) and BioZ.com(TM), utilize its proprietary Thoracic Electrical Bioimpedance (TEB) technology to noninvasively obtain data on a wide range of hemodynamic parameters. There are over 300 BioZ(R) systems now in use in major medical centers including the Mayo Clinic (Rochester), UCSF UCSF University of California at San Francisco Stanford Health Care, (Palo Alto), Yale New Haven Hospital (New Haven), and Baylor College of Medicine Baylor College of Medicine is a private medical school located in Houston, Texas, USA on the grounds of the Texas Medical Center. It has been consistently rated the top medical school in Texas and among the best in the United States. (Houston). The worldwide market potential for the BioZ(R) products is estimated to be $4 billion, together with an additional $800 million in recurring annual revenue for disposables. For additional information, please refer to the Company's web site at www.cardiodynamics.com. Forward-Looking (Safe Harbor) Statement: Note: Except for the historical and factual information contained herein, this press release contains forward-looking statements, the accuracy of which are necessarily subject to uncertainties and risks, which include sole dependence on the BioZ product line, competition from Baxter Healthcare Corp. (manufacturer of the Swan-Ganz(TM) device), further capital requirements, and various uncertainties characteristic of companies just emerging from the development stage; as well as other risks detailed in the Company's filings with the SEC, including its 1998 Form 10-KSB. The Company does not undertake to update the disclosures contained in this press release. |
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