More detailed information on Medilec Ltd

 

Introduction

 

·        Medilec is an early stage medical device company focused on the development of instrumentation and devices which are critical to key aspects of the management of cardiovascular disease, the western world’s biggest cause of death and a major focus of attention of health care providers and governments in the western world.  The UK government, for example, is targeting a 40% reduction in the death rate associated with cardiovascular disease.

 

·        The Company’s core technology – Paced Electrogram Fractionation Analysis (PEFA) – originates from original research by Dr Richard Saumarez funded by the British Heart Foundation (BHF) and subsequently developed by the Company via a MedLINK project which included partners at Cambridge University and Papworth Hospital, one of the UK’s leading clinical cardiothoracic centres.

 

·        PEFA is implemented through unique electrophysiological instrumentation and associated software developed by Medilec in order to predict the risk of Sudden Cardiac Death (SCD).  SCD can occur when there is an abnormality in the musculature of the heart (the myocardium), which causes arrhythmias (an irregular heart beat, including the heart stopping).  Such abnormalities occur in patients with non-coronary heart disease (people with diseased or disorganised heart musculature) and coronary heart disease (patients who may suffer irregular heart rhythm following heart attack or myocardial infarction).

 

Clinical need

 

·        SCD is a major problem and responsible for over 300,000 deaths per annum worldwide.  The majority of these deaths are from patients with coronary heart disease, but the problem is no less acute for non-coronary heart disease sufferers: diseases of the myocardium giving rise to non-coronary heart disease are often genetically determined and can cause multiple SCDs in families; 8 young people die every week from this disease through SCD in the UK alone.  The condition is also called Sudden Adult Death Syndrome (SADS).

 

·        Safe and accurate prediction of SCD risk in patients remains a serious clinical and financial challenge for health care providers.  The current method of preventing SCD involves use of the Implantable Cardioverter-Defibrillator (ICD).  An ICD is a small device implanted in a patient’s chest which is connected via leads to the heart.  It will detect a potentially lethal arrhythmia and apply a defibrillating pulse in response, thereby restoring normal cardiac rhythm.  ICDs have a high rate of rescue from such arrhythmia, but the implantation procedure is costly (approximately £20K per procedure) with a risk of other complications (including death).

 

·        Current testing methods are judged to be good at detecting patients who are not at risk (or at very low risk) of SCD and help to eliminate many patients from the need for expensive ICD implantations.  However, they are less able to differentiate levels of risk in the remaining ‘positive’ group of patients so that, in reality, many more ICDs are implanted than are ever activated – at the risk of other complications and at great cost.  In the US, ICD implantation rates are now in excess of circa 80,000 pa, the cost of which is becoming unsupportable.  New methods of SCD prediction are urgently needed to rationalise ICD implantation.

 

·        The aim of Medilec’s PEFA technology is to significantly enhance current testing methods by differentiating and stratifying the levels of risk of SCD.  This will have obvious benefits in the prevention of SCD, including:

  • Improved well-being of patients with cardiac disease;
  • More reliable identification of patients requiring ICD implantation;
  • Freeing more patients from the need for ICD implantation and from the attendant risks of this procedure;
  • Provision of relief from the anxiety of dying suddenly to patients who are confirmed to be at low risk.

 

·        The PEFA technology also offers significant potential for reducing ICD budgets by avoiding unnecessary implantations, as well as the cost of dealing with the additional complications that can arise from such procedures. 

 

·        Medilec’s business will be of significant strategic importance as the reduction of heart disease and its impact continue to be given high priority by governments and health care providers throughout the western world.  Our products are focused on satisfying a significant and specialist need in the management of cardiac disease and the unrivalled ability of the Company’s technology to meet this need is expected to assist in the generation of significant sales revenues for Medilec.

 

The PEFA technique and development status

 

·        Medilec’s PEFA technology is uniquely able to measure detailed aspects about the conduction of electrophysiological signals across the heart.  Using catheters containing electrodes, which are placed in the heart, it detects the level of disorganised conduction according to the rate at which ‘fractionated’ potentials from electrogram signals are transmitted between the electrodes: the greater the fractionation of the potentials, the greater the deduced level of risk of SCD.

 

 

 

 

 

·        Clinical studies form a critical element of the information required to implement the PEFA technology successfully.  In respect of non-coronary heart disease applications, multi-national, multi-centre clinical studies involving over 600 patients (UK, France, The Netherlands and Poland) have already been carried out, the results of which support the application of the technology in predicting risk of SCD in patients with non-coronary heart diseases. 

 

·        Medilec’s managing group comprises: Robert Dixon (Chairman: ex Hollister Europe, Coloplast A/S, Vickers Medical and Johnson & Johnson); Dr Richard Saumarez (Clinical Director: ex St George’s Hospital Medical School, Papworth Hospital NHS Trust & Cambridge University http://www-g.eng.cam.ac.uk/mmg/lifesciences/saumarez.html); and Dr Keith Barfoot (Director: Staplethorne Ltd www.staplethorne.co.uk , ex GEC Research).

 

 

For further information, please contact:

 

Medilec Ltd

2 Devonshire Court, Heathpark

Honiton, Devon, EX14 1SB, UK

Tel: +44 (0)1404 42455

Fax: +44 (0)1404 41455

Email: medical@staplethorne.co.uk