Hatch Medical Spin-off Signs Global Pact with Medical Device Technologies - MD TECH.Business Editors/Health/Medical Writers ATLANTA--(BUSINESS WIRE)--Oct. 23, 2003 Medical device incubator and technology brokerage firm, Hatch Medical, L.L.C. recently announced that Medical Device Technologies, Inc. (MD TECH) has licensed the manufacturing and global distribution rights to one of its spin-off companies, Fibrex, L.L.C., gaining access to a novel catheter patency pa·ten·cy n. The state or quality of being open, expanded, or unblocked. patency the condition of being open. device technology. Under the terms of the agreement, MD TECH will manufacture the device at its Gainesville, Florida Gainesville is the largest city and county seat of Alachua County, Florida.GR6 Gainesville is home to the University of Florida, the largest university of the State University System of Florida and the third-largest university in the United States. facility and distribute the product through its direct sales force and distributor network. Additional details of the agreement were unavailable. "We are pleased to have secured such a strong partner for this exciting new technology. MD TECH is recognized as a world class manufacturer and a global distributor with tremendous depth and resources," commented Steven Hvozda, Executive Vice President, Hatch Medical. Fibrex was spun-off from Hatch Medical's incubator group in 2001. The Fibrex(TM) device incorporates proprietary technology and design elements that, through mechanical means, non-invasively disrupt fibrin sheath fibrin sheath Nursing A tubular scar that is a potential complication of long-term catheterization, in which the catheter becomes encased in a fibrotic sheath, which may harbor bacteria and make it difficult to withdraw blood from the line. See Central line. formation on both the external and internal surface of vascular access vascular access Clinical medicine The ability to enter the vascular system; the ease with which the vascular system can be entered for administering therapy or obtaining blood for testing catheters. John Kaufman, M.D., Professor, Interventional Radiology interventional radiology Imaging A subspecialty of radiology that provides Diagnostic information–eg, CT-guided 'skinny' needle biopsies and dye injection for analysis of various lumina and tracts–eg, arteriography, cholangiography, antegrade , Dotter Institute, Oregon Health Sciences University, commented, "Fibrex(TM) is a novel and unique means to non-invasively maximize the working life of existing central lines. The device is simply inserted through the catheter body, exiting via the distal lumen, and once deployed, coils around the distal exterior of the central venous line. The coil is manually actuated to achieve a "corkscrew corkscrew a deformity in which the affected part is spiraled like a corkscrew. corkscrew claw a probably heritable defect of the lateral claw, usually of the front feet, of cattle causing serious lameness. " effect thereby stripping the catheter of the fibrinous fibrinous /fi·brin·ous/ (fi´brin-us) pertaining to or of the nature of fibrin. fibrinous pertaining to or of the nature of fibrin. film. This eliminates the additional cost and discomfort of the femoral vein femoral vein n. A vein that accompanies the femoral artery in the same sheath and becomes the external iliac vein. puncture necessary for conventional catheter stripping." Approximately 430,000 patients receive hemodialysis treatments globally. One of the challenges facing clinicians involved in the management of patients with hemodialysis catheters is maintaining safe, reliable access to the patient's bloodstream to deliver adequate dialysis. Fibrin fibrin: see blood clotting. formation around the catheter is a common problem and eventually affects all existing catheters. This reaction occurs as a natural response to the presence of a foreign substance triggering the deposit of fibrin on the surface of the catheter. The resulting fibrin sheath occludes the side holes of the catheter and ultimately the end holes, rendering the catheter unusable. "Dialysis catheter malfunction is a serious problem necessitating removal of as many as 28% of all dialysis catheters simply because they do not work," added Mr. Hvozda. "We are pleased to provide physicians with an efficient and economical alternative to restore catheter patency to those patients that urgently require venous access Venous Access Definition Venous access introduces a needle into a vein, usually for the purpose of withdrawing blood or administering medication. ." Michael Ryan, Vice President of Sales, Marketing, & Business Development for Medical Device Technologies, Inc., commented, "Fibrex(TM) is an exciting new technology and an evolutionary step forward in expanding the longevity of vascular access catheters. We are excited to partner with Hatch Medical and Fibrex on this innovative technology, and look forward to driving its success in the market." MD TECH is a subsidiary of American Medical Instruments Holdings, Inc. (AMIH AMIH AUTODIN-Mail Interface Host AMIH Associate of the Midland Institute of Hypnotherapy ); an operating-oriented private equity firm focused exclusively on the healthcare industry. Hatch Medical jointly develops and brokers minimally invasive medical devices for the diagnosis and treatment of vascular and oncological disease through its network of product development experts. For additional information on this, or other Hatch Medical, L.L.C. products and services, e-mail the company at info@hatchmedical.com. This release and additional news about Hatch Medical can be obtained by visiting the company's web site at: http://www.hatchmedical.com. |
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