Printer Friendly

SMALL OHIO COMPANY SERVES TWO MAJOR HEALTH NEEDS

 SMALL OHIO COMPANY SERVES TWO MAJOR HEALTH NEEDS
 CLEVELAND, April 23 /PRNewswire/ -- Two new medical devices


developed by a small, start-up Ohio company may soon help patients worldwide, yet they're finding the hurdle from successful clinical demonstration to the commercial market place a high one.
 The Kelly Monitor System, capable of accurate, non-invasive detection of breast tumors quickly and safely, in women of all ages -- particularly women under 50 years of age -- and the Hemo-Pulse System, a foot pump that stimulates blood circulation, were developed by Chronodynamics, Inc., four-year old Dayton medical equipment designer/manufacturer.
 "Getting these needed products properly through regulatory approvals and into market distribution has proved financially intimidating for a small company like ours," said Bill Reeves, Chronodynamics president.
 Technology transfer obstacles, such as those encountered by Chronodynamics, will be discussed when Ohio's biotechnology community convenes its first statewide conference in Columbus May 4 and 5. "BioTech '92" will assemble participants in medical, animal, agricultural and environmental biosciences, along with government and academic leaders to focus on initiatives for accelerating biotechnology growth here in Ohio. The conference will also provide opportunity for new and emerging biotechnology companies to exchange information and identify resources that should help them in their quest for success.
 "The primary goal of this conference," agreed program co-chairs, Marilyn Hofford and Margaret Zimmerman of Cleveland's Edison Biotechnology Center, "is to accelerate partnerships and productivity among government, industry and Ohio's biotech research and development community.
 "We must create better synergism in our incubation efforts and augment momentum with the support of the state's department of development."
 Chronodynamics sets a prime example of the frustrations met by small medical R&D companies. Like other fledgling biotech companies in Ohio, Chronodynamics' greatest hurdle in bringing needed medical technologies to market was the lack of funding and support the company got at inception.
 "Demand alone seems not enough to stimulate participation from qualified investors," said Carole Reeves, Ph.D., director of corporate communications and wife of Chronodynamics' founder.
 "Given the concerns women have about breast studies using radiation, coupled with lack of specificity afforded by mammography for those under 50, you would think," said Reeves, "that our Kelly Monitor would attract knowledgeable investment support.
 "Sad truth is," continued Reeves, "many people have indicated an interest in our technologies, yet, few have been willing to invest without guarantees. My husband keeps telling people, there are no guarantees in medical device development any more than there are in life."
 Despite a slow pace in achieving market transfer for its technologies, Chronodynamics perseveres. The company recently opened its first Leg Recovery Center in Fairborne, Ohio, and the Kelly Monitor is undergoing second phase clinical trials at Ohio State
University Hospital. The device has already received FDA approval as a data detector.
 The Kelly Monitor System was the result of Bill Reeve's 15-year work on detecting thermal differences between normal and tumor tissues. The device, like a runner's walkman, is worn around the waist with leads connected to each breast. If a malignancy is present, in 48 hours the device detects it. Clinical trials published last year, demonstrated 95 percent accuracy in detecting malignancies of the breast in women age 50 and under, when detection is most difficult because of breast tissue density and mammography is less accurate.
 The Hemo-Pulse System Circulatory Pump simulates the pressure that walking normally puts on blood vessels in the foot to help force blood back to the heart. Good circulation is particularly important to patients who have undergone leg or hip surgery, or for those who have greatly reduced extremity blood flow due to prolonged bed rest. Circulation can also be critical to patients who suffer from diabetes and are at risk of developing gangrenous infections.
 "Everyone here is overwhelmed with the response to our new Leg Recovery Clinic," said Carole Reeves. "We have helped more patients in two months than we predicted we would treat for the whole of 1992."
 Supporters of Ohio's growing biotechnology industry believe there are many more budding success stories like Chronodynamics ready to emerge here in Ohio -- often just waiting for the right mix of management and money.
 The upcoming conference is being presented by Edison Biotechnology Center, the Animal Biotechnology Center at Ohio State University, and the Agricultural Research Center at Ohio University.
 Information on registration and programming for BioTech Ohio '92 may be obtained by contacting Edison Biotech, 216-229-0400.
 -0- 4/23/92
 /CONTACT: M. Hofford of Edison Biotechnology Center, 216-229-0400/ CO: Edison Biotechnology Center ST: Ohio IN: SU: PDT


CG -- CL014 -- 1846 04/23/92 11:48 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 23, 1992
Words:761
Previous Article:ATLANTIC ENERGY ANNOUNCES MARCH 1992 RESULTS
Next Article:PUBLIC SERVICE COMPANY BOARD OF DIRECTORS DECLARES INCREASED QUARTERLY DIVIDENDS


Related Articles
WESTERN OHIO ANNOUNCES PLANS TO MERGE WITH NATIONAL LEADER IN MANAGED CARE
NEWLY FORMED ADVANTAGE HEALTH COMPLETES MERGER OF TWO PITTSBURGH HEALTH CARE COMPANIES
NEW HEALTHPOOL INSURANCE PROGRAM FOR COLUMBUS AND CENTRAL OHIO OFFERS BIG-BUSINESS BUYING POWER FOR SMALL, MEDIUM EMPLOYERS THROUGH BLUE CROSS & BLUE...
JOHN BURRY, JR., BLUE CROSS & BLUE SHIELD OF OHIO CHIEF, URGES CUYAHOGA COUNTY MAYORS TO SUPPORT BLUES' MERGER LEGISLATION, HELP CREATE TENS OF...
BCBSO: A SINGLE BLUE CROSS PLAN FOR OHIO WILL NOT HAPPEN NOW; WELL-INTENDED LEGISLATION APPEARS TO BE AHEAD OF ITS TIME
PHP BENEFIT SYSTEMS/WESTERN OHIO HEALTH CARE CORP. NOW OPERATING OHIO'S LARGEST MANAGED CARE NETWORK
COMMUNITY MUTUAL RECEIVES ACCREDITATION FOR TWO STATEWIDE MANAGED HEALTH CARE PLANS
BLUE CROSS & BLUE SHIELD OF OHIO ELECTS TWO NEW BOARD MEMBERS
Central Reserve Life And Emerald Health Announce Plans To Form Strategic Partnership
Anthem Foundation of Ohio Grants $1.1 Million; 13 Ohio Counties Will Improve Preventive Oral Health Care.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters