NovaShunt AG to Present at Medtech Insight's ``Investment In Innovation'' Medical Device Summit, Europe.BRUSSELLS, Belgium -- NovaShunt AG will present at 12.30 on 19 September 2006 at Medtech Insight's prestigious "Investment In Innovation (In3) Medical Device Summit," taking place 18-20 September in Brussels. E[acute accent]NovaShunt AG is an early-stage medical device company that designs, develops and markets proprietary, implantable automated fluid management systems to move fluids around inside the body. The first clinical condition addressed by NovaShunt is the chronic accumulation of excess fluid (called ascites Ascites Definition Ascites is an abnormal accumulation of fluid in the abdomen. Description Rapidly developing (acute) ascites can occur as a complication of trauma, perforated ulcer, appendicitis, or inflammation of the colon or other ) in the peritoneal cavity peritoneal cavity n. The potential space between the parietal and visceral layers of the peritoneum. peritoneal cavity (per´it , usually caused by liver disease Liver Disease Definition Liver disease is a general term for any damage that reduces the functioning of the liver. Description The liver is a large, solid organ located in the upper right-hand side of the abdomen. , congestive heart failure congestive heart failure, inability of the heart to expel sufficient blood to keep pace with the metabolic demands of the body. In the healthy individual the heart can tolerate large increases of workload for a considerable length of time. and certain cancers. NovaShunt's solution, the Ascites Bladder Shunt (ABS), is a subcutaneously implanted, battery-powered pump that automatically moves ascites into the bladder, where the patient can eliminate it through normal urination urination Process of excreting urine from the bladder (see urinary system). Nerve centres in the spinal cord, brain stem, and cerebral cortex control it through involuntary and voluntary muscles. The need to void is felt when the bladder holds 3. . NovaShunt plans to develop other products using its proprietary pumping technology, including a pleural effusion Pleural Effusion Definition Pleural effusion occurs when too much fluid collects in the pleural space (the space between the two layers of the pleura). It is commonly known as "water on the lungs. shunt and a fully implantable automated peritoneal dialysis system. E[acute accent]Ascites affects over 20 million people worldwide. In the US and EU each year, more than 400,000 patients combined suffer from ascites that is refractory, or non-responsive, to medical management. The current "gold-standard" therapy, paracentesis Paracentesis Definition Paracentesis is a procedure during which fluid from the abdomen is removed through a needle. Purpose There are two reasons to take fluid out of the abdomen. One is to analyze it. The other is to relieve pressure. , removes typically 5-10 liters of excess fluid every two weeks using a needle stick. The number of people with ascites will grow substantially over the next decade due to the accelerating incidence of hepatitis and obesity-related liver disease. E[acute accent]NovaShunt's management team has significant experience in designing, developing and marketing medical devices, and their Scientific Advisory Board includes world-renowned experts in the field. E[acute accent]NovaShunt is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Zurich, Switzerland, and Saratoga, California. The company is in the process of raising Series A funding for continued research, development, clinical studies and commercialization of their first product, the Ascites Bladder Shunt. For more information, please visit www.novashunt.com or e-mail NovaShunt at investors@novashunt.com. E[acute accent]About NovaShunt E[acute accent]Headquartered in Zurich, NovaShunt AG is the leading innovator of a new category of patented technologies and products designed to remove chronic fluid build-up in the body. NovaShunt is focused on areas of unmet clinical need where its products can significantly improve clinical outcome and patient quality of life. For more information, please visit www.novashunt.com or email NovaShunt at investors@novashunt.com. |
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